300 Market Street, Des Plaines FOR SALE


$15,385,000 USD
630-570-2260
, Des Plaines, IL for Sale
$15,385,000 USD
FOR SALE
1/12
null | 7.43% Cap Rate

300 Market Street, Des Plaines
Des Plaines, IL
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Grocery Anchored Lifestyle Center Located in the Middle of a Vibrant Downtown Community | Value Add Opportunity | 81 Percent Occupied
  • Anchored by Shop & Save Grocery Market with a Variety of Local and National Tenants
  • Shop & Save, a Regional Grocer, has Been at the Center Since 2005 | Operates Five Locations Across the Chicagoland Area
  • Potbelly and Clear Vision have been at Center for 19+ Yrs | Esma Beauty Recently Executed 5 Yr Lease and Gen-X BBQ Steakhouse Executed 10 Yr Lease
  • Located 500 Feet from the Des Plaines Metra Stop - Approximately 5,552,111 Riders on the Union Pacific Northwest Line in 2024
  • 16,968 People Live Within One Mile | 134,276 People Live Within Three Miles

OVERVIEW

This grocery-anchored lifestyle center is a premier retail and office destination in a vibrant downtown community. Anchored by Shop & Save Grocery Market since 2005, the property features a strong mix of national and local tenants. Shop & Save recently extended its lease for five years, reinforcing its commitment to the market. The center includes top restaurant tenants like Giordano’s, Potbelly, and Gen-X Korean BBQ, along with long-standing office tenants such as Metropolitan Dental Care and Clear Vision. With 81 percent occupancy, it offers a value-add opportunity with 19,808 square feet of available space. Located just 500 feet from the Des Plaines Metra stop on the high-traffic Union Pacific Northwest Line, it enjoys exceptional accessibility. A nearby 388-stall public parking garage and a dense surrounding population further drive strong foot traffic.

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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