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1143 1143 - 1177 Lee Street
Des Plaines, IL 60016
 Lee Street Commons · Retail Property For Sale

Retail Spaces Illinois Des Plaines 1143 1143 - 1177 Lee Street, Des Plaines, IL 60016

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Investment Highlights

  • Chicago MSA Location
  • Staggered Lease Expirations
  • Hard-Corner Retail Site
  • Fully Stabilized Asset
  • Annual Rental Increases
  • High-Traffic Intersection

Executive Summary

Northmarq is pleased to present an exceptional opportunity to acquire a multi-tenant retail asset located at Lee Street & Algonquin Road in Des Plaines, IL (the “Property”). The Property consists of a newly constructed freestanding restaurant situated on a 1.20-acre parcel.???????

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
53,437 SF
Building Class
B
Year Built
1990
Price
$7,836,621 CAD
Price Per SF
$146.65 CAD
Cap Rate
8%
NOI
$626,930 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
2.42 AC

Property Taxes

Parcel Numbers
Multiple
  • 09-20-214-008-0000
  • 09-20-214-012-0000
  • 09-20-214-013-0000
  • 09-20-214-011-0000
 Improvements Assessment $600,540 CAD
Land Assessment $811,327 CAD Total Assessment $1,411,866 CAD

Property Taxes

Parcel Numbers
Multiple
  • 09-20-214-008-0000
  • 09-20-214-012-0000
  • 09-20-214-013-0000
  • 09-20-214-011-0000
Land Assessment
$811,327 CAD
Improvements Assessment
$600,540 CAD
Total Assessment
$1,411,866 CAD
 

  • Listing ID: 39175902

  • Date on Market: 2026-01-22

  • Last Updated:

  • Address: 1143 1143 - 1177 Lee Street, Des Plaines, IL 60016

The Des Plaines/Arlington Hts Corridor Retail Property at 1143 1143 - 1177 Lee Street, Des Plaines, IL 60016 is currently available. Contact Northmarq for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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1143 1143 - 1177 Lee Street, Des Plaines, IL for sale Primary Photo- Image 1 of 3
Lee Street Commons
1143 1143 - 1177 Lee Street, Des Plaines, IL for sale Building Photo- Image 2 of 3
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