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480 S River Rd

Des Plaines, IL
Floors
1
Total Size
5,382 sqft
Zoning
COMMERCIAL
Year Constructed
0
Year Renovated
0
Building Class

About 480 S River Rd

• Excellent Investment Opportunity for an Investor to Purchase a Retail Property at a Great Cap Rate in a Prime Location!!! • Retail Investment Property in Prime Suburban Chicagoland Market. • Outstanding Hard Corner for Future Redevelopment. • Investment Opportunity in Stable Market w/ Growth Potential. • Property is Situated in the Heart of Downtown Busy Des Plaines Area. • An Upscale Community w/ Strong Outstanding Demos. • Located on Hot River Road Retail Corridor along all the Major Retailers. • Located Across from McDonald's. • Situated on the Hard Corner Stoplight Intersection of River Road, Lee Rd & Elk Blvd. • Monumental Street Signage. • Outstanding Frontage & Visibility. • High Traffic Flow at your Footsteps. • Easy In & Out Access. • Located Nearby Near I-294 Highway & Des Plaines Casio. • Ample Residential Rooftops near the Property that includes over 590 Condos & Townhouses Nearby. • Just One Block from the Metropolitan Square Development (100,000 SF Retail & 142 Luxury Condos). • Densely Populated Dynamic Trade Area w/ Strong Demos. • Priced to Sell at a Great True 11.67% Cap Rate!!! - Area description: Location, Location, Location!!!

  • Situated in the Heart of Downtown Busy Des Plaines Area.
  • An Upscale Community w/ Strong Outstanding Demos.
  • Located on Hot River Road Retail Corridor along all the Major Retailers.
  • Located Across from McDonald's.
  • Situated on the Hard Corner Stoplight Intersection of River Road, Lee Rd & Elk Blvd.
  • Outstanding Frontage & Visibility.
  • High Traffic Flow at your Footsteps.
  • Located Nearby Near I-294 Highway & Des Plaines Casio.
  • Ample Residential Rooftops near the Property that includes over 590 Condos & Townhouses Nearby.
  • Just One Block from the Metropolitan Square Development (100,000 SF Retail & 142 Luxury Condos).
  • Densely Populated Dynamic Trade Area w/ Strong Demos.
  • Number of buildings: 1
  • Building condition: Excellent
  • Tenancy: Multiple Tenants

Internet Providers for 480 S River Rd

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
50 Mb/s
10 Mb/s
MegaPath Corporation DSL
50 Mb/s
50 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
2,400
sqft

Median Rate over Time in Des Plaines