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Property profile

770 Lee St Des Plaines, IL 60016

FOR SALE
Retail space
Property ID
US28-0851642
0.35 ac lot Built 1966
Last sale Dec 1999 · $600,000
Trust Owned Owner of record is a trust. 26-yr Hold Held for 26 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This build-to-suit office suite is configured for an office use and has been prepared for occupancy with finishes that include new carpeting and fresh interior paint. The suite is located on a busy street directly across from a townhome development, within walking distance of the Des Plaines Metra train station (approximately 1.5 blocks) and near downtown Des Plaines. The building provides shared parking with approximately 25 spaces. Utilities and services are structured so that heating and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$40k
Tax billed · 2022
Assessed value$157k
Assessed land$53k
Assessed improvement$104k
Effective rate25.73%

Value estimate

· Oct 2026
$390k
$351k – $429k
AI approach$390k
NOI build-up
Gross scheduled income$287k
Vacancy & credit loss−$71k
Operating expenses−$54k
NOI · 10.10% cap applied$162k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?
10.10%
$162k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.7
Daycare Center12.8
Barber Shop11.7

Location

770 Lee St Des Plaines, IL 60016
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Market, Des Plaines, IL 60016 $9,800,000 Feb 2026 No data
680 Lee, Des Plaines, IL 60016-4584 $1,250,000 Jan 2026 No data
660 Wolf, Des Plaines, IL 60016-1046 $1,900,000 Jan 2026 No data
710 Lee, Des Plaines, IL 60016 $255,000 Jul 2025 No data
20 Golf Rd, Des Plaines, IL 60016-2471 $875,000 Jul 2025 No data
581 Golf, Des Plaines, IL 60016-2349 $710,000 May 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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