955 Elmhurst RdDes Plaines, IL 60016

Property Details for 955 Elmhurst Rd

Year built

1982

Lot size

0.81 AC

Property type

Community centers

APN

08-24-100-017

APU

824100017

Description

This exceptional retail opportunity is located within Rayyan Plaza III, a newly remodeled strip center situated at 955 Elmhurst Road in Des Plaines, Illinois, zip code 60016. The property boasts a total of 21,101 square feet and offers a highly visible location on the busy Elmhurst Road corridor, ensuring excellent exposure to a large volume of potential customers. Currently, one retail space is available, measuring 1,500 square feet, ideal for a variety of businesses. The center features ample parking, with 107 spaces readily available for customers and tenants. The property is classified as a multi-tenant retail strip center, providing a vibrant and dynamic environment for businesses. Its prime location in Des Plaines, Illinois, offers easy access to major transportation routes and a strong local customer base. The recent renovations ensure a modern and attractive space, ready for immediate occupancy. This is an excellent opportunity to establish or expand your retail presence in a thriving commercial area. The property's high visibility and convenient location make it an attractive investment for businesses seeking a strong foothold in the Des Plaines market. Contact us today to learn more about this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,356,265

  6.5%

  $8,636,552

  7%

  $8,019,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,018,304

  Geo Method

  $11,570,108

• Alternative Use

  Use

  Valuation

  Residential

  $7,285,255

  Hospitality

  $6,673,254

  Educational

  $5,552,069

  Medical

  $5,743,014

  Retail

  $8,636,552

Location Insight

City

Des Plaines

County

Cook

State

Illinois

Latitude

42.0341

Longitude

-87.94

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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