570 Oakton StDes Plaines, IL 60018

Property Details for 570 Oakton St

Year built

1951

Lot size

0.46 AC

Property size (Sq ft)

956 SF

Property type

Retail space

APN

09-19-407-014

APU

919407014

Description

This 12,422 square foot strip center in Des Plaines, IL offers a fantastic opportunity for a nail salon business. Located at 570 E Oakton St, this single-tenant space is situated in a high-traffic area on Oakton Avenue and Wolf Street, within a bustling shopping center. The property boasts a prime location in Cook County, with easy access to major transportation routes, including O'Hare Airport, numerous train lines, bus routes, Rand Road, Northwest Highway, and expressways. The 1.05-acre lot features a building constructed in 1980 and zoned C-1. This second-generation nail salon space benefits from existing infrastructure and is surrounded by complementary businesses, including a 7-Eleven, sushi restaurant, pizza place, gyros shop, and smoke shop, ensuring high foot traffic and visibility. Des Plaines's strong commuter base and proximity to Chicago make it an attractive location for businesses. The property offers a unique chance to establish or relocate a thriving nail salon in a well-established and convenient commercial center. The building is a single structure within the larger Wolf Plaza development.

• CAP approach

  CAP return

  Valuation

  6%

  $253,747

  6.5%

  $234,228

  7%

  $217,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,582

  Geo Method

  $313,788

• Alternative Use

  Use

  Valuation

  Residential

  $197,580

  Hospitality

  $180,982

  Educational

  $150,575

  Medical

  $155,754

  Retail

  $234,228

Location Insight

City

Des Plaines

County

Cook

State

Illinois

Latitude

42.0238

Longitude

-87.91

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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