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1585 Ellinwood St
Des Plaines, IL 60016 Des Plaines/Arlington Hts Corridor

$1,125,000

Office For Sale  •  14,970 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 14,970 Sq Ft
  • Lot Size 0.34 ac
  • Building Class C
  • Year Built 1965
  • Cap Rate 8.96 %
  • Tenancy Multiple
  • Zoning C-5
46 Transit Score
87 Walk Score

Description

Imperial Realty Company, on behalf of Ownership as its exclusive advisor and agent, is pleased to present the opportunity to acquire 100% fee simple interest in the 14,971 square foot multi-tenant office property sitting on 0.34 acres of land located at 1583-1585 Ellinwood Street in Des Plaines, IL.  The property is situated on a rectangular shaped interior parcel of land with 100.22 feet of frontage along the southwest side of Ellinwood Street with a depth of 150 feet.  The property is conveniently located in downtown Des Plaines – just 0.2 miles from the Metra stop.  The property is sandwiched between Brookdale Senior Living and Opus’ mixed-use development (2019).

Highlights

Downtown Des Plaines Location - 0.2 miles from Metra Stop
Elevator Building
Brand new mixed-use development next door (Luxury apartments, Class A Retail)
Private parking in back of building

Financial Summary

Cap Rate: 8.96 %

Major Tenants

Tenant SF Occupied Lease End Date
Atom 792 SF
Atom Financial Services, Inc. 720 SF
Chicago Computer Teks Llc 700 SF
EZ Insurance Group Inc 600 SF
Law Offices of Patrick S. Hart 1,000 SF

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Des Plaines Station Commuter Rail (Union Pacific Northwest Line) 1 min 4 min 0.2 mi
Cumberland Station Commuter Rail (Union Pacific Northwest Line) 7 min - 2.5 mi
AirportDriveWalkDistance
Chicago O'Hare International Airport 12 min - 6.2 mi
Chicago Midway International Airport 40 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Josh Hergott 847-452-9931 Imperial Realty Company
Josh Hergott 847-452-9931 Imperial Realty Company