Bainbridge Plaza — Sale in Des Plaines, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Des Plaines, IL 60016
  • Year built: 1970

Photos

Bainbridge Plaza — Sale in Des Plaines, IL, photo 1 of 2
Bainbridge Plaza — Sale in Des Plaines, IL, photo 2 of 2

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale, Bainbridge Plaza located in Des Plains, Illinois. 15,042-square-foot, 11-tenant retail strip in high-traffic plus infill suburban Chicago. Infill/affluent Demo’s: 20K people in one-mile, 130K in three-mile / $116K - $121K average household income in one, three and five mile Radius. Surrounded by dense residential base; 1,000-plus units amidst several neighboring apartment communities. Three miles to Elk Grove Business Park (62 million-plus square feet. Largest industrial park in the US). Three miles from O’Hare International. Airport (Third busiest airport in US / major employment and travel hub). Investment Highlights: • 15,042-Square-Foot, 11-Tenant Retail Strip in High-Traffic Infill Area of Suburban Chicago • Dramatic Mark-to-Market Rent Upside: $15.78 Per Square-Foot Triple-Net Average Rent / Five of 11 Tenants are $6 - $14 Per Square-Foot Below-Market ($65K-Plus of NOI Upside) • 30,280 Vehicles Per Day on W. Golf / Adjacent to 57,590 Vehicles Per Day Signalized Intersection • Small, High-Demand Bay Sizes: Average of 1,367 Square Feet; 100 Percent are <2,500 Square Feet • Seven of 11 Tenants with Over 20 Years of Tenancy; Four of 11 with 25-Plus Years of Tenancy • 10 of 11 Leases feature Annual or CPI Rent Increases; Embedded NOI Plus Value Growth • Anchored by Top-Performing Domino's Location: Top 24 Percent Nationally; #1 in Trade- Area • High-Performing Trade-Area (Placer.ai) with Several Top-Performing Neighbors: McDonalds, Firestone, Mariano's, Binny's Beverage Depot, Ace Hardware, Dollar Tree, Walgreens, Bank of America, Chase, Kohl's, O'Reilly Auto

Market Context

This retail in Des Plaines, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1970. Compare it against other retail listings for sale in Des Plaines, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Its 7.5% asking cap rate is below the Chicago retail market average of about 7.9%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

Explore this market

Similar Retail Business for Sale in Illinois