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1667-1675 Oakton St Local commercial 465 m² 80 % Loué À vendre Des Plaines, IL 60018 564 655 € (1 215,58 €/m²) Taux de capitalisation 3,25 %
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Résumé analytique
1667-1675 E OAKTON ST · DES PLAINES · VALUE-ADD RETAIL
@Properties Commercial exclusively offers a 5,000 SF five-unit retail strip on three contiguous PINs in Des Plaines (Maine Township / O'Hare submarket). Priced at $650,000 — $130/building-SF, $69/land-SF on a 9,375 SF C-3 lot.
THE PLAY
Value-add acquisition with mark-to-market upside and 0.53-FAR redevelopment optionality. Priced to land basis, not in-place yield.
IN-PLACE
4 of 5 units occupied (80%) on 1-year gross leases
In-place rents avg $11.04/SF · $55,200 GPR · NOI approx $21,137
3.25% cap on $650K list
2024 taxes $19,485 ($3.93/SF) — Maine Twp Class 5-17
MARK-TO-MARKET PATH
Dec 2024 subject lease executed at $12.60/SF
Unit 1675 actively asking $18.00/SF (live in market)
1505-1521 E Oakton signed Apr 2026 at $22.50/SF (3-yr term)
Stabilized at $16/SF anchor: NOI $44,697 · 6.88% cap
Stabilized at $18/SF (current ask): NOI $54,197 · 8.34% cap
Stabilization 12-18 months on 1-year lease rollover
REDEVELOPMENT OPTIONALITY
3 contiguous PINs (09-28-101-004, 005, 006) — subdividable
0.53 FAR on 9,375 SF C-3 lot — under-built
C-3 General Commercial: retail, office, service, restaurant by-right
1-year lease terms enable 12-month vacate runway
Multi-unit residential or condo redevelopment requires PUD
LOCATION
75 ft frontage on E Oakton (20,000 plus ADT)
O'Hare submarket · 5.3 mi to ORD
Des Plaines Metra UP-NW · 1.6 mi
I-294 / I-90 · under 3 mi
Walk Score 76 · Submarket 1-3 star asking $21.01/SF · Submarket vacancy 3.8%
SALES COMP CONTEXT
1829-1831 E Oakton (Oct 2025): $130.53/SF
1685 E Oakton (Jan 2025): $100.00/SF
1060 Busse Hwy (Dec 2025): $105.34/SF
Subject pricing reflects top-of-corridor positioning supported by 3-PIN assemblage and FAR upside
BUYER PROFILE
Owner-users seeking Des Plaines retail location, small developers underwriting redevelopment paths, or local investors with leasing capacity to execute mark-to-market plan.
Lease abstracts and rent roll available upon execution of confidentiality agreement.
EXCLUSIVELY LISTED BY
Jason Schrik · Broker · 224.235.6550 · jasonschrik@atproperties.com
Nikki Hurt · Broker / Tour Coordination · 630.802.4878 · nikkihurt@atproperties.com
@Properties Commercial exclusively offers a 5,000 SF five-unit retail strip on three contiguous PINs in Des Plaines (Maine Township / O'Hare submarket). Priced at $650,000 — $130/building-SF, $69/land-SF on a 9,375 SF C-3 lot.
THE PLAY
Value-add acquisition with mark-to-market upside and 0.53-FAR redevelopment optionality. Priced to land basis, not in-place yield.
IN-PLACE
4 of 5 units occupied (80%) on 1-year gross leases
In-place rents avg $11.04/SF · $55,200 GPR · NOI approx $21,137
3.25% cap on $650K list
2024 taxes $19,485 ($3.93/SF) — Maine Twp Class 5-17
MARK-TO-MARKET PATH
Dec 2024 subject lease executed at $12.60/SF
Unit 1675 actively asking $18.00/SF (live in market)
1505-1521 E Oakton signed Apr 2026 at $22.50/SF (3-yr term)
Stabilized at $16/SF anchor: NOI $44,697 · 6.88% cap
Stabilized at $18/SF (current ask): NOI $54,197 · 8.34% cap
Stabilization 12-18 months on 1-year lease rollover
REDEVELOPMENT OPTIONALITY
3 contiguous PINs (09-28-101-004, 005, 006) — subdividable
0.53 FAR on 9,375 SF C-3 lot — under-built
C-3 General Commercial: retail, office, service, restaurant by-right
1-year lease terms enable 12-month vacate runway
Multi-unit residential or condo redevelopment requires PUD
LOCATION
75 ft frontage on E Oakton (20,000 plus ADT)
O'Hare submarket · 5.3 mi to ORD
Des Plaines Metra UP-NW · 1.6 mi
I-294 / I-90 · under 3 mi
Walk Score 76 · Submarket 1-3 star asking $21.01/SF · Submarket vacancy 3.8%
SALES COMP CONTEXT
1829-1831 E Oakton (Oct 2025): $130.53/SF
1685 E Oakton (Jan 2025): $100.00/SF
1060 Busse Hwy (Dec 2025): $105.34/SF
Subject pricing reflects top-of-corridor positioning supported by 3-PIN assemblage and FAR upside
BUYER PROFILE
Owner-users seeking Des Plaines retail location, small developers underwriting redevelopment paths, or local investors with leasing capacity to execute mark-to-market plan.
Lease abstracts and rent roll available upon execution of confidentiality agreement.
EXCLUSIVELY LISTED BY
Jason Schrik · Broker · 224.235.6550 · jasonschrik@atproperties.com
Nikki Hurt · Broker / Tour Coordination · 630.802.4878 · nikkihurt@atproperties.com
Informations sur l’immeuble
Type de vente
Investissement ou propriétaire occupant
Conditions de vente
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
465 m²
Classe d’immeuble
C
Année de construction
1961
Prix
564 655 €
Prix par m²
1 215,58 €
Taux de capitalisation
3,25 %
RNE
18 362 €
Pourcentage loué
80 %
Occupation
Multi
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,37
Surface du lot
0,13 ha
Zonage
C-3 - The purpose of the C-3 general commercial district is to accommodate a variety of businesses in locations to serve the community of Des Plaines.
Façade
23 m sur Oakton St
Caractéristiques
- Ligne d’autobus
- Signalisation
- Climatisation
Principaux occupants Cliquez ici pour accéder à
- Occupant
- Secteur d’activité
- m² Occupés
- Loyer/m²
- Type de bail
- Fin du bail
- Snap and snack
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Occupant | Secteur d’activité | m² Occupés | Loyer/m² | Type de bail | Fin du bail | |
| Snap and snack | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moyennement praticable à pied
60/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Principaux commerces à proximité
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 50 499 € | |
| Évaluation du terrain | 45 705 € | Évaluation totale | 96 204 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
45 705 €
Évaluation des aménagements
50 499 €
Évaluation totale
96 204 €
1 sur 17
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
1667-1675 Oakton St
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