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Property profile & analytics
OFF-MARKET
Retail space

950 Lee St Des Plaines, IL 60016-6532

0.44 ac lot Built 1975
Entity Owned 15-yr Hold Free & Clear
Property ID
US28-2662015
Property summary
AI-generated overview

950 Lee Street offers exceptional office space in downtown Des Plaines. This three-story, Class B building boasts 33,270 square feet of leasable area, with four available suites ranging from 928 to 5,097 square feet, suitable for various office needs including executive, traditional, medical, or creative uses. The building features convenient amenities such as covered parking, a large glass elevator, and prominent exterior signage opportunities. Tenants enjoy a shared break room equipped with vending machines, five-day janitorial service, and a reliable HVAC system. Its central location provides easy access to a wide array of dining options, including Sugar Bowl, Thai Square, Boston Fish Market, and numerous fast-food chains. Commuting is simplified by its proximity to the Metra Northwest Line (a four-block walk from Des Plaines Station) and nearby Pace Bus routes #226 and #250. The building benefits from its location near O'Hare International Airport and within a thriving community. Des Plaines has been recognized for its economic dynamism, ranking as the 10th fastest-growing city in Illinois by NerdWallet and among the 35 best places to live in the USA by MONEY magazine. Its diverse economic base offers a strong foundation for businesses of all sizes. Multiple tenancy options are available to accommodate various business needs and growth strategies. This property presents a unique opportunity to establish a presence in a vibrant and strategically located suburban Chicago community.

Property profile
Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1975
Lot 0.44 ac (19,000 SF)
APN 09-20-203-011
UPID US28-2662015
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
  • Frank J. Baker & Company, Ltd. Tax Preparation
  • Daisy fix it Computer & Electronic Repair Tech Support Center
  • Financial Wize Home Loans Des Plaines IL Nursing Home Retirement Community
  • Georgemiller, Whyte & Associates Physician Medical Clinic
  • State Farm Insurance Insurance 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
Klairmont Investments LLC · 15 yrs held
Klairmont Investments LLC
since 2011
7 recorded transactions
2011
$725,000
2010
Price N/A
2005
$3.8M
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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