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Property profile & analytics
OFF-MARKET
Retail residential properties

72 Broadway St Des Plaines, IL 60016-2348

0.06 ac lot Built 1959
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US28-2250825
Property summary
AI-generated overview

This 6,500 square foot flex space in Des Plaines, IL, is available for sale at $550,000 ($84.62/SF). Located at 72-76 N Broadway St (APN 09182010130000), this fee-simple property sits on a 0.23-acre lot and features a recently completed $250,000 interior renovation. The building boasts a single tenancy, modified lease type, and offers a desirable blend of office and industrial space. The interior features 10' to 14' ceilings and one dock-high door. Its prime location offers high traffic counts due to its proximity to a busy roundabout, providing excellent visibility and accessibility. The property benefits from convenient access to O'Hare International Airport and major highways, making it an attractive option within the sought-after O'Hare submarket in Cook County, IL (zip code 60016). This renovated space presents a unique opportunity for businesses seeking a modern, functional, and strategically located commercial property. The property's blend of office and industrial features makes it suitable for a variety of uses. The recent renovation ensures a move-in ready condition, minimizing upfront investment for the new owner. This is a rare opportunity to acquire a well-located, high-quality flex space in a thriving business district.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1959
Lot 0.06 ac (2,825 SF)
APN 09-18-201-013
UPID US28-2250825
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TET-A-TET Theater Theater & Performing Art Venue
  • Art House Tet-a-tet Theater & Performing Art Venue
  • Duly Health and Medical Spa Spa & Massage Center Alternative Medicine Practice
  • Atlantic Realty Management Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Whiteshore Investments LLC · 10 yrs held
Whiteshore Investments LLC
since 2016
3 recorded transactions
2016
$435,000
2015
Price N/A
2005
$525,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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