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931-935 E Oakton St 4,950 SF 100% Leased Retail Building Des Plaines, IL 60018 $875,000 ($176.77/SF)



Executive Summary
Exceptional value-added retail opportunity or user/investor opportunity. This 4,950 sq. ft. free standing building currently features 4 retail spaces at a traffic light intersection. The site offers tremendous visibility and exposure and has access on both Oakton Street and Webster Lane. The four units are in the 1,225 to 1,240 square foot range and are fully leased. Two units have short-term leases, and two units (including the end cap) are leased on a month-to-month basis. The current situation allows an investor to reposition the center and increase cash flow or allow a user to occupy 1,225 to 2,450 square feet for their own use and enjoy income from the remaining leased units. The property is located within the busy Oakton & Lee/Mannheim retail district in Des Plaines with numerous national retailers and restaurant franchises in immediate proximity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,950 SF
Building Class
C
Year Built
1970
Price
$875,000
Price Per SF
$176.77
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.32 AC
Zoning
C-3 - Commercial zoning allow a wide variety of commercial, retail, and health related operations.
Parking
16 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
84’ on Oakton Street
Amenities
- Corner Lot
- Restaurant
- Signalized Intersection
- Monument Signage
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-100-081-0000 | Improvements Assessment | $71,010 |
| Land Assessment | $77,490 | Total Assessment | $148,500 |
Property Taxes
Parcel Number
09-29-100-081-0000
Land Assessment
$77,490
Improvements Assessment
$71,010
Total Assessment
$148,500
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Presented by
Stefco Commercial Real Estate
931-935 E Oakton St
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