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38 N Broadway St
Des Plaines, IL 60016
Office Property For Sale
Investment Highlights
- Excellent Investor / User Opportunity
- Boutique 5-Unit Office / Services / Medical Building
- Currently 80% Leased
- General Commercial (C-3) Zoning
Executive Summary
• Nestled Between Two Major Thoroughfares (Golf Road and Northwest Highway) With a Combined 46,700 VPD
• Excellent In-Place Tenants With Uses in the Medical and Personal Services Categories (Currently 80% Leased)
• Remaining Space (Unit 3 (270 SF)) Could be Leased Out or Used by the New Owner
• Close Proximity to the Metra Union Pacific Northwest (UP-NW) Line's Cumberland Station and Pace Buses
• A Short Distance to Downtown Des Plaines
• Area Retailers Include Mariano's, Caputo's Fresh Market, ALDI, Walmart Supercenter, Walgreens, Marshalls, Burlington, Ross, LA Fitness, Raising Cane's, Buona, Scooter's Coffee, and More
• Excellent In-Place Tenants With Uses in the Medical and Personal Services Categories (Currently 80% Leased)
• Remaining Space (Unit 3 (270 SF)) Could be Leased Out or Used by the New Owner
• Close Proximity to the Metra Union Pacific Northwest (UP-NW) Line's Cumberland Station and Pace Buses
• A Short Distance to Downtown Des Plaines
• Area Retailers Include Mariano's, Caputo's Fresh Market, ALDI, Walmart Supercenter, Walgreens, Marshalls, Burlington, Ross, LA Fitness, Raising Cane's, Buona, Scooter's Coffee, and More
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,950 SF
Building Class
C
Year Built/Renovated
1962/2008
Price
$461,727 CAD
Price Per SF
$236.78 CAD
Cap Rate
8.58%
NOI
$39,638 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,950 SF
Building FAR
0.74
Lot Size
0.06 AC
Zoning
C-3
Parking
2 Spaces
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 09-18-201-024-0000 | Improvements Assessment | $52,543 CAD |
| Land Assessment | $20,978 CAD | Total Assessment | $73,521 CAD |
Property Taxes
Parcel Number
09-18-201-024-0000
Land Assessment
$20,978 CAD
Improvements Assessment
$52,543 CAD
Total Assessment
$73,521 CAD
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