1217 East Thacker Street — Sale in Schaumburg, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Schaumburg, IL 60173
  • Size: 39,868 SF

Description

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), as sole and exclusive agent for owner, has been retained to offer for sale or lease to qualified investors the opportunity to acquire a prime 4.36 acre / 190,146 square foot development site located at 1217 E. Thacker Street in Des Plaines, Illinois (“The Property”). Site A is 3.14 acres and Site B is 1.23 acres. The Property is located close to downtown Des Plaines, a northeastern suburb of Chicago, and is situated within the Des Plaines/Arlington Heights Corridor. This corridor has become one of the more attractive suburban submarkets of Chicago for new construction. The submarket is a target for developers due to its many encompassing cities with walkable downtowns, as well as public transportation to Chicago’s Central Business District. 1217 E. Thacker Street is proximal to the Des Plaines Metra Station, which provides convenient access to downtown Chicago and other nearby suburbs. Daily weekday ridership on the Union Pacific Northwest Line totals over 1,200 inbound passengers. The future development of the Property, referred to as Contour Place by the City of Des Plaines, will maximize value through developing an entitled 50- unit townhome project and as-of-right mid-rise apartment while capitalizing on the Property’s well-connected, transit served location.

Market Context

This commercial property in Schaumburg, IL is listed for sale across 39,868 SF. It has been on the market for 82 days. Compare it against other commercial property listings for sale in Schaumburg, IL — view the full market.

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