Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"),as sole and exclusive agent for owner, has been retained to offer for sale to qualified investors the opportunity to acquire a prime 188,903 square foot development parcel located at 1217 E. Thacker Street in Des Plaines, Illinois (“The Property”).
The Property is located close to downtown Des Plaines, a northwest suburb of Chicago, and is situated within the Des Plaines/Arlington Heights Corridor. This corridor has become one of the more attractive suburban submarkets of Chicago for new construction. The submarket is a target for developers due to its many encompassing cities with walkable downtowns, as well as public transportation to Chicago’s Central Business District.
1217 E. Thacker Street is proximal to the Des Plaines Metra Station, which provides convenient access to downtown Chicago and other nearby suburbs. Daily weekday ridership on the Union Pacific Northwest Line totals over 1,200 inbound passengers.
The future development of the Property will maximize value through developing a mid-rise apartment and or lower density townhome project while capitalizing on the Property’s well-connected, transit served location.