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Oaklee Plaza

1485 Lee St, Des Plaines, IL, US
Total Size
34,267 sqft

Current Availabilities

Nov 08
ago
Retail
Listing agent for this listing
Andrew Watson, Transwestern

About Oaklee Plaza

Transwestern is pleased to exclusively offer for sale Oaklee Plaza (the “property”), a 34,267 square foot (“SF”) retail center located in Des Plaines, Illinois. The property is 96% leased to a strong tenant roster that includes Starbucks, Discovery Clothing, Athletico, T Mobile and Little Caesars. In addition to the stabilized rent roll, this investment opportunity includes a developable outlot pad that can accommodate 4,500 SF of retail space.

• High quality, well leased retail center
• Offers upside through the lease-up of one vacant suite and development of the outlot parcel
• Located in a dense, in-fill area
• Excellent visibility
• Traffic counts in excess of 40,000 vehicles per day (“vpd”)
• Three points of ingress/egress with signage at each point
• Assumable in-place financing

Internet Providers for Oaklee Plaza

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
1 Gb/s
WideOpenWest Cable
100 Mb/s
6 Mb/s
AT&T Illinois DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
25 Mb/s
25 Mb/s

The City: Des Plaines

Most listings are in the $30's per square foot per year. The Des Plaines region is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 19% decline in rent.

Compared to the rest of the Chicagoland market, the Des Plaines submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Des Plaines $30
/sqft/yr
2,390
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,370
sqft

Median Rate over Time in Des Plaines