8650 Dempster StNiles, IL 60714

Property Details for 8650 Dempster St

Year built

1969

Lot size

8.61 AC

Property type

Retail space

APN

09-14-308-025

APU

914308025

Description

Dempster Plaza, located at 8650 W Dempster St, Niles, IL 60714, offers exceptional retail space for lease in a prime Cook County location. This two-building, single-story strip center boasts a total of 220,964 square feet, with multiple tenancy options available. Currently, there are 27,901 square feet of vacant space, divisible into units ranging from a minimum of 1,354 square feet to a maximum contiguous space of 12,683 square feet. The property benefits from its strategic location across Greenwood Ave from Advocate Lutheran General Medical Center, ensuring high visibility and foot traffic. Anchored by prominent retailers Jewel-Osco and Home Depot, Dempster Plaza provides a strong retail environment and established customer base. This opportunity is ideal for businesses seeking high-traffic exposure in a thriving community. The property's address is easily accessible and well-situated within the bustling Niles commercial district. The property is situated in Cook County, Illinois, offering access to a large and diverse consumer base. This is a rare opportunity to secure retail space in a highly desirable location with established anchors and significant foot traffic. Contact us today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $165,958,368

  6.5%

  $153,192,336

  7%

  $142,250,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,103,320

  Geo Method

  $123,103,320

• Alternative Use

  Use

  Valuation

  Residential

  $129,223,472

  Hospitality

  $118,368,000

  Educational

  $98,480,792

  Medical

  $101,867,696

  Retail

  $153,192,336

Location Insight

City

Niles

County

Cook

State

Illinois

Latitude

42.0409

Longitude

-87.8419

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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