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- LoopNet Team
1575 Ellinwood Ave
Des Plaines, IL 60016
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Downtown Des Plaines Location – 0.2 miles from Metra stop
- 2,800 square-foot outdoor patio to restaurant
- Up to $40,000 Business Assistance Grant for retailers
- New Mixed-Use Development adjacent to subject property
- $100,000 Restaurant District Incentive (it is a grant, not a loan) that can go towards the build out of a new restaurant space
PROPERTY FACTS
AMENITIES
- Bus Line
- Commuter Rail
- Fenced Lot
- Mezzanine
- Pylon Sign
- Restaurant
- Signage
- Monument Signage
- Balcony
ABOUT 1575 ELLINWOOD AVE , DES PLAINES, IL 60016
Imperial Realty Company, on behalf of Ownership as its exclusive advisor and agent, is pleased to present the opportunity to acquire 100% fee simple interest in 1575-77 Ellinwood Street in Des Plaines, IL. The property is best suited for a user as the City of Des Plaines has a grant program for Restaurants and Retailers. The property is comprised of a 15,000 SF Mixed-Use building consisting of restaurant space on the first floor with a 2,800 SF outdoor patio and two apartments on the second floor. Also, there is a 1,780 SF garage. The two apartments are occupied with both tenants on month-to-month leases. The garage is being occupied with a long term tenant on a month-to-month lease. The annual rent for the three is $35,400. The property is situated on a rectangular shaped interior parcel of land with 125 feet of frontage along the southwest side of Ellinwood Street with a depth of 150 feet. The property is conveniently located in downtown Des Plaines – just 0.2 miles from the Metra stop. The property is sandwiched between Brookdale Senior Living and Opus’ 113 apartment mixed-use development (2019).
PROPERTY TAXES
| Parcel Number | 09-17-421-026-0000 | Improvements Assessment | $77,571 |
| Land Assessment | $8,880 | Total Assessment | $86,451 |
PROPERTY TAXES
