All Non-Classifiable Establishments, Other Retail
Active
River Bend Plaza Des Plaines, IL-Investment Property
Des Plaines, Cook County, Illinois 60018-3206, United States
Asking Price$1,700,000
Revenue-
EBITDA-
Cash Flow-
Description
River Bend Plaza On River Rd In Des Plaines, IL - Multi-Tenant Retail Investment Property!
"Prime Corner Location - 100% Leased Retail Center - National Dunkin' Tenant - Proj 7.92% Cap Rate - Proj $134,608 NOI"
Exceptional opportunity to acquire River Bend Plaza, a 10,005 sqft, 4-tenant retail shopping center situated on ~0.84 acres at 1926-1992 S River Rd in Des Plaines, Cook County, IL.
Offered at $1.7 million, this income-producing commercial investment features a projected $134,608 annual Net Operating Income (NOI), attractive 7.92% capitalization rate, diversified tenant mix and NNN/modified NNN leases designed to offset ownership expenses.
Strategically positioned at the signalized intersection of S River Rd and Stockton Ave, the property boasts 297 feet of River Rd frontage, outstanding visibility, prominent pylon signage and convenient access. This established single-story retail center offers ample surface parking with 25 spaces and excellent exposure to an estimated 18,200 vehicles daily.
Investment Highlights
- Asking $1,700,000 ($169.92/sqft)
- Projected NOI $134,608 annually ($11,218/mth) - after rent credits
- Projected cap rate 7.92%
- Multi-tenant retail shopping center
- 10,005 sqft single-story retail center
- Built in 1989
- On ~0.84 acres or 36,619 sqft
- 100% occupancy - 4 leased tenant spaces
- Lease structures NNN/Modified NNN
- Tenants pay their own utilities & their share of CAM, insurance, taxes
- 25 surface parking spaces
- 297 feet frontage on S River Rd
- 2025 property taxes $65,352
- Zoning C-3 General Commercial
- PIN 09-28-128-020-0000
Diversified Tenant Mix
1. Dunkin' Donuts - 1,004 sqft; recognized national quick-service restaurant brand providing established consumer recognition and daily customer traffic. Lease renewed through Jan 2030.
2. White Pearl Medi-Spa & Nail Lounge - 4,882 sqft; established beauty and wellness destination operating for over a decade, serving a loyal repeat clientele. New 5-year lease to be executed before closing.
3. Kith & Kin - 2,993 sqft; new 2026 retail/service tenant with a 5-year modified NNN lease, 5% annual rent increases and tenant improvements planned. Rent commencement is subject to occupancy and lease contingencies.
4. Sushi UA - 1,126 sqft; established sushi preparation/delivery operation with a newly signed 10-year lease beginning Jun 2027, extending through May 2037, featuring 4% annual increases and 4 additional 5-year renewal options.
Location:
Prominent Corner Location
- River Bend Plaza occupies a highly visible commercial location along the busy S. River Road corridor in Des Plaines, a well-established northwest suburb of Chicago.
- Prominent roadside pylon signage & convenient on-site parking
- Signalized corner location offering convenient customer access & excellent storefront exposure
- ~18,200 vehicles daily along River Rd
- Convenient access to I-294/Tri-State Tollway & surrounding northwest suburban communities.
- Proximity to O'Hare International Airport & the greater Chicago metropolitan transportation network
- Established surrounding residential neighborhoods, commercial businesses, restaurants, & service providers support consistent local demand
Feel free to stop by the location first. If interested, please email Theo Theodosiadis at [email protected] or call 847-910-4657 for more information. Showings by appointment only.
Real Estate
Owned
Building Size: 10005 sq. ft.Reason Selling
Other interests.
Facilities & Assets
Owners Role: (Property For Sale).
Square Feet: 10,005.
Seating: (Property For Sale).
Days/Hrs of Operation: (Property For Sale).
Value of FF&E: (Property For Sale).
Value of Inventory: (Property For Sale).
Year Established: (Property For Sale).
Support & Training
(Property For Sale).
Market & Competition
Income & Investment Potential
The center's NNN and modified NNN lease structures provide tenant reimbursements for real estate taxes, insurance and common area maintenance. Separately metered utilities further reduce landlord operating responsibilities, while roof and structural obligations remain with ownership.
Projected annual net base rental income totals $134,608 after contractual rent credits. Additional CAM and tax reimbursements total ~$92,669 annually.
Growth Opportunities
Future Upside
Scheduled annual base rents before temporary credits total ~$152,488. The offering memorandum identifies average scheduled rents of ~$15.24/SF versus estimated market rents of $16–$18/SF, presenting potential additional NOI of ~$7,592–$27,602 annually as leases renew and rents adjust.
With its national-brand tenant, diversified service and restaurant occupants, long-term leases, prominent corner location and established retail presence, River Bend Plaza offers an attractive opportunity for investors seeking commercial real estate income and long-term appreciation potential.
Financing Options
No.
Business listed by
Eatz & Associates
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