1667-1675 Oakton St - Storefront FOR SALE


Des Plaines, IL 60018- Des Plaines/Arlington Hts Corridor
$650,000 USD
773-432-0200
1667-1675 Oakton St, Des Plaines, IL for Sale
$650,000 USD
Storefront - FOR SALE
1/3
null | 3.25% Cap Rate

1667-1675 Oakton St
Des Plaines, IL 60018
Des Plaines/Arlington Hts Corridor


OVERVIEW

1667-1675 E OAKTON ST · DES PLAINES · VALUE-ADD RETAIL @Properties Commercial exclusively offers a 5,000 SF five-unit retail strip on three contiguous PINs in Des Plaines (Maine Township / O'Hare submarket). Priced at $650,000 — $130/building-SF, $69/land-SF on a 9,375 SF C-3 lot. THE PLAY Value-add acquisition with mark-to-market upside and 0.53-FAR redevelopment optionality. Priced to land basis, not in-place yield. IN-PLACE 4 of 5 units occupied (80%) on 1-year gross leases In-place rents avg $11.04/SF · $55,200 GPR · NOI approx $21,137 3.25% cap on $650K list 2024 taxes $19,485 ($3.93/SF) — Maine Twp Class 5-17 MARK-TO-MARKET PATH Dec 2024 subject lease executed at $12.60/SF Unit 1675 actively asking $18.00/SF (live in market) 1505-1521 E Oakton signed Apr 2026 at $22.50/SF (3-yr term) Stabilized at $16/SF anchor: NOI $44,697 · 6.88% cap Stabilized at $18/SF (current ask): NOI $54,197 · 8.34% cap Stabilization 12-18 months on 1-year lease rollover REDEVELOPMENT OPTIONALITY 3 contiguous PINs (09-28-101-004, 005, 006) — subdividable 0.53 FAR on 9,375 SF C-3 lot — under-built C-3 General Commercial: retail, office, service, restaurant by-right 1-year lease terms enable 12-month vacate runway Multi-unit residential or condo redevelopment requires PUD LOCATION 75 ft frontage on E Oakton (20,000 plus ADT) O'Hare submarket · 5.3 mi to ORD Des Plaines Metra UP-NW · 1.6 mi I-294 / I-90 · under 3 mi Walk Score 76 · Submarket 1-3 star asking $21.01/SF · Submarket vacancy 3.8% SALES COMP CONTEXT 1829-1831 E Oakton (Oct 2025): $130.53/SF 1685 E Oakton (Jan 2025): $100.00/SF 1060 Busse Hwy (Dec 2025): $105.34/SF Subject pricing reflects top-of-corridor positioning supported by 3-PIN assemblage and FAR upside BUYER PROFILE Owner-users seeking Des Plaines retail location, small developers underwriting redevelopment paths, or local investors with leasing capacity to execute mark-to-market plan. Lease abstracts and rent roll available upon execution of confidentiality agreement. EXCLUSIVELY LISTED BY Jason Schrik · Broker · 224.235.6550 · jasonschrik@atproperties.com Nikki Hurt · Broker / Tour Coordination · 630.802.4878 · nikkihurt@atproperties.com

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

3.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-3

APN/PARCEL ID

09-28-101-004-0000,09-28-101-005-0000,09-28-101-006-0000

ASK ABOUT THIS PROPERTY

Nikki Hurt@properties CommercialMore Info
773-432-0200

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Nikki Hurt@properties CommercialMore Info
773-432-0200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.