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554 - 570 E Algonquin Road, Des Plaines, IL

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DetailMap
554 - 570 E Algonquin Road

Des Plaines, IL 60016 - O'Hare Submarket

(2.1 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1963
Building Size:7,560 SF Land Area:.2 AC (8,655 SF)
% Leased:
For Sale Price:$420,000 Price/SF:$55.56
Cap Rate:-
Smallest Space:900 SF Largest Space:1,860 SF Total Space Avail:2,760 SF Rent/SF/Yr:
$5.52 - $7.87
Parking:15 Surface spaces are available; Ratio of 1.98/1,000 SF
Features:Pylon Sign, Restaurant, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,860 SF
$5.52/SF/Yr
Vacant
Negotiable
Retail
 1st
900 SF
$7.87/SF/Yr
Vacant
3-5 yrs
Retail
 
8518683
6863454


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,860 SF
$5.52/SF/Yr
Vacant
Negotiable
Retail
1st
900 SF
$7.87/SF/Yr
Vacant
3-5 yrs
Retail

Sale Notes:
7,560 square foot, multi-tenant retail center along Algonquin Road, less than 1/2 mile
north of Main West High School. There are currently two tenants in place occupying
approximately 50% of the center. The property offers investors an opportunity to
purchase an infill asset along heavily trafficked Algonquin Road (25,000 VPD) with the
ability to add value by leasing the vacant units.
The immediate area enjoys strong demographics including 110,000 people within a
3-mile radius of the property. Excellent value-add opportunity in Chicago's northwest
suburbs near O'Hare Airport.

Frontline Real Estate Partners
Andrew Rubin
(224) 628-4005


Frontline Real Estate Partners
Zack Pearlstein
(847) 275-6106

Andrew Rubin
(224) 628-4005



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