950 Lee St Des Plaines, IL 60016-6532
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.