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2700 S River Rd
Des Plaines, IL 60018
Auction Trust Sale - $506K NOI | Regency Plaz · Office Property For Sale
Investment Highlights
- Starting Bid: $1,500,000 | $506,000 NOI | 66% Occupied | Auction date: August 7-9, 2023.
- First time building has ever been on the market | Prime frontage along S River Drive (22,300 VPD) and prime highway visibility (159,139 VPD).
- Benefit from additional rental income derived from on-site billboard, potential parking income, and on-site storage in the penthouse and basement.
- Fee Simple Interest in a 139,733-square-foot, four-story, office building with covered parking positioned on a ±3.99 acre parcel in O’Hare Submarket.
- About 66.69% leased & occupied by a strong mix of professional tenants with staggered lease expirations, contractual escalations, & extension options.
- Amenity-rich Submarket near business support services with 250 nearby restaurants, over 30 hotels and lodging locations, and convention/entertainment.
Property Facts
Property Type
Office
Building Size
129,177 SF
Building Class
B
Year Built/Renovated
1976/2024
Percent Leased
49%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
31,493 SF
Slab To Slab
12’
Building FAR
0.74
Lot Size
3.99 AC
Zoning
C2 - General Commercial District
Parking
336 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Security System
- Car Charging Station
Property Taxes
| Parcel Numbers | Improvements Assessment | $253,284 | |
| Land Assessment | $996,768 | Total Assessment | $1,250,052 |
Property Taxes
Parcel Numbers
Land Assessment
$996,768
Improvements Assessment
$253,284
Total Assessment
$1,250,052
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