February 26, 2021 – Logan Barnett of Horvath & Tremblay has successfully completed the sale of 901 East Oakton Street in Des Plaines, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $825,000.
901 East Oakton Street currently contains a one-story retail building of 5,000 square feet on a 1.13-acre parcel. The property is well-located on East Oakton Street, next to the primary retail corridor in Des Plaines that starts in the city’s downtown and runs along Mannheim Road through the intersection with East Oakton Street. The location offers easy access to area highways including Interstates 90 and 294, and CTA Bus Routes 226 and 221 feature stops within walking distance of the property. The strategic location is surrounded by national retailers that drive traffic to the area. 901 East Oakton Street presents an attractive opportunity at an established location in the primary commercial area in Des Plaines. The new owner can either place a tenant into the current building or can take advantage of the large parcel size by demolishing the current building and developing a new structure for a credit tenant, adding significant value to the Property. The parcel size and C-3 zoning allow for a variety of uses and significant development potential.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.