380 E Northwest Hwy
Des Plaines, IL 60016
Office Property For Sale

380 E Northwest Highway is an excellent investment opportunity offering a high-visibility professional/medical office building near Downtown Des Plaines and the Metra station. This three-story, 40,000-square-foot property comprises efficient floor plates and large floor-to-ceiling windows, allowing abundant natural light. Newer property improvements include HVAC and elevator upgrades. Ample parking is available with stilt parking providing covered options, along with several surface spaces for a total of 122 parking spaces.

Investors will benefit from a strategic location, a favorable occupancy, and value-add potential. The property is approximately 55% occupied with 15 stable tenants, including healthcare and home health service providers, medical practitioners, insurance agencies, a Medspa, and electricians, among others. 380 E Northwest Highway is ideal for investors behind the return-to-office trend or owner/users who desire naming rights, providing superior signage options, and improvement opportunities.

Located in the Des Plaines/Arlington Heights Corridor, 380 E Northwest Highway is positioned just northwest of Chicago's city center, providing a desirable balance between excellent city access and a tranquil suburban environment. The property sits along the significant area thoroughfare of Northwest Highway, allowing for easy travel in and out of town and convenience to shopping centers filled with all the necessities. Across the street is the Cumberland Metra station, providing seamless commutes to and from the city. For expedient out-of-town travel, the Chicago O'Hare International Airport is about 15 minutes away.

Replacement value well in excess of $6,000,000
To be sold subject to a minimum bid of $1,550,000
On-site inspections are from noon to 2 pm on May 14, May 20, May 28, and June 5, and by appointment.