1262 Lee StDes Plaines, IL 60016

For Sale
$449,000
Prime Des Plaines location, vacant restaurant.

Overview

Added:
Dec 11, 2024
Days on market:
125
This 1,700 sq ft free-standing restaurant building is situated on a 12,000 sq ft lot at 1262 Lee Street in Des Plaines, Illinois, 60016. The property enjoys a high-traffic location on Lee Street/Mannheim Road, between Algonquin Road and Forest Avenue, near Van Buren Street. Its strategic placement provides excellent visibility and accessibility, with double in-and-out access points. The building is surrounded by major retailers, including Aldi, banks (US Bank, Chase, and Fifth Third Bank), and popular restaurants such as KFC and Burger King, ensuring high foot traffic and brand recognition. The property includes all equipment and fixtures. Ample parking is available for customers. The building offers strong street presence and is conveniently located near Elk Grove, Mount Prospect, Rolling Meadows, Arlington Heights, and Rosemont, with easy access to O'Hare Airport and major roads and interstates. The 2023 annual real estate taxes were $24,500. The property is currently vacant and available for immediate occupancy. Note that no business financial information is available. This is a fantastic opportunity for a restaurant owner or investor seeking a well-located, established property in a thriving commercial area. The asking price is $449,000. Gross lease type.

Highlights

  • Real estate, business, equipment, and fixtures included.
  • High-traffic location at Lee St. & Mannheim Rd., near Algonquin Rd. and Forest Ave.
  • Excellent retail location near Aldi, banks (US Bank, Chase, Fifth Third), KFC, and Burger King.
  • Free-standing restaurant building with ample parking, high visibility, and double drive-through access.
  • 1,700 SF building on a 12,000 SF lot.
  • Convenient access to Elk Grove Village, Mount Prospect, Rolling Meadows, Arlington Heights, Rosemont, and O'Hare Airport via major roads and interstates.

Property Details for 1262 Lee St

Property type
Specialty properties
Square Feet
1,700 SF

Location Insight

City
Des Plaines
County
Cook
State
Illinois
Latitude
42.0488548
Longitude
-87.8844309
1262 Lee St, Des Plaines, Illinois

FAQs

What type of property is this?
Specialty property - Prime Des Plaines location, vacant restaurant.
Where is the specialty property located?
The property is located at 1262 Lee St Des Plaines, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Real estate, business, equipment, and fixtures included.; High-traffic location at Lee St. & Mannheim Rd., near Algonquin Rd. and Forest Ave.; Excellent retail location near Aldi, banks (US Bank, Chase, Fifth Third), KFC, and Burger King.
How can I contact the broker?
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1262 Lee St
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