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    OFF-MARKET
    Community centers

    955 Elmhurst Rd, Des Plaines, IL 60016-5606

    0.81 ac lot Built 1982
    Trust Owned 24-yr Hold ~ Est. High Equity
    Property ID
    US28-0344840
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located within Rayyan Plaza III, a newly remodeled strip center situated at 955 Elmhurst Road in Des Plaines, Illinois, zip code 60016. The property boasts a total of 21,101 square feet and offers a highly visible location on the busy Elmhurst Road corridor, ensuring excellent exposure to a large volume of potential customers. Currently, one retail space is available, measuring 1,500 square feet, ideal for a variety of businesses. The center features ample parking, with 107 spaces readily available for customers and tenants. The property is classified as a multi-tenant retail strip center, providing a vibrant and dynamic environment for businesses. Its prime location in Des Plaines, Illinois, offers easy access to major transportation routes and a strong local customer base. The recent renovations ensure a modern and attractive space, ready for immediate occupancy. This is an excellent opportunity to establish or expand your retail presence in a thriving commercial area. The property's high visibility and convenient location make it an attractive investment for businesses seeking a strong foothold in the Des Plaines market. Contact us today to learn more about this exceptional retail space.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1982
    Lot 0.81 ac (35,250 SF)
    APN 08-24-100-017
    UPID US28-0344840
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Lasalle Bank NA Trustee · 24 yrs held
    Lasalle Bank NA Trustee
    since 2001
    2 recorded transactions
    2001
    $1.9M
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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