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1667-1675 Oakton St 5 000 pi² 80% Loué Commerce de détail Immeuble Des Plaines, IL 60018 905 171 $ CAD (181,03 $ CAD/pi²) 3,25% Taux de capitalisation
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Résumé de l'annonce
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
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Conditions de vente
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
5 000 pi²
Classe d’immeuble
C
Année de construction
1961
Prix
905 171 $ CAD
Prix par pi²
181,03 $ CAD
Taux de capitalisation
3,25%
Revenu net d’exploitation
29 435 $ CAD
Pourcentage loué
80%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,37
Taille du lot
0,31 AC
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
75’ sur Oakton St
Commodités
- Ligne d'autobus
- Affichage
- Climatisation
Principaux locataires Cliquez ici pour accéder à
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Type de bail
- Fin du bail
- Snap and snack
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
| Snap and snack | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement accessible en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 81 139 $ CAD | |
| Évaluation du terrain | 73 436 $ CAD | Évaluation totale | 154 575 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
73 436 $ CAD
Évaluation des bâtiments
81 139 $ CAD
Évaluation totale
154 575 $ CAD
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1667-1675 Oakton St
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