Offering Memorandum TOD OPPORTUNITY • DOWNTOWN DES PLAINES 750 Lee St • Des Plaines, IL 60016 Rick Gordon Senior Associate Director - National Land Group Chicago Oak Brook Office Tel: (630) 570-2200 Fax: (630) 570-2210 [email protected]License: IL 471.014823 PRESENTED BY
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TOD OPPORTUNITY DOWNTOWN DES PLAINES · TOD OPPORTUNITY • DOWNTOWN DES PLAINES 750 Lee St • Des Plaines, IL 60016 Rick Gordon Senior Associate Director - National Land Group Chicago
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Offering Memorandum
TOD OPPORTUNITY • DOWNTOWN DES PLAINES750 Lee St • Des Plaines, IL 60016
Rick GordonSenior AssociateDirector - National Land GroupChicago Oak Brook OfficeTel: (630) 570-2200Fax: (630) [email protected]
License: IL 471.014823
P R E S E N T E D B Y
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketingpackage. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship orendorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commerciallisting of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing toprospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
TOD OPPORTUNITY - DOWNTOWN DES PLAINES, IL Des Plaines, ILACT ID Y0670550
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TOD OPPORTUNITY - DOWNTOWN DES PLAINES, IL
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INVESTMENT
OVERVIEW
TOD OPPORTUNITY - DOWNTOWN DES PLAINES, IL
OFFERING SUMMARY
1 Block to Metra Train Station – 35 min. to downtown Chicago
Large parcel to develop an institutional size project
Close to retail, entertainment, transportation and major employment
INVESTMENT HIGHLIGHTS
Marcus & Millichap is pleased to offer for sale a significant +/-2.5 acre TOD opportunity in downtown Des Plaines, IL. Des Plaineswas recently named by Money Magazine & realtor.com as the 35th best place to live in the country.
The parcel is centrally located in the downtown and it is one block south of the Metra Commuter Rail Station (1,200+ daily weekdaycommuters, 35 minutes to downtown Chicago). Many restaurants, services, the Des Plaines River Trail and a grocer are within a shortwalk. Furthermore, O'Hare, the Allstate Arena, national retailers and Rosemont (upscale dinning, live theater, Fashion Outlets ofChicago), to name a few, are located within a 10 to 15 minute drive of the parcel. There are 280,000+ employees within a 15 minutedrive.
The parcel has great visibility, fronting on three streets of which two are major north-south streets, with over 30,000 VPD.
The parcel is zoned C-5 Central Business District and besides the typical permitted commercial uses, multi-family is a permitted usein this district. The City is willing to vacate the alley that bisects the parcel. The structures fronting on Lee Street have beendemolished by the owner.
Of note, this parcel is one of the largest, whether for sale or not, TOD parcels in the close-in northwest suburbs from Park Ridge toArlington Heights. Directly across the street, on the east side of Lee Street, is a new 58-unit townhome community called LexingtonPointe. The vertical construction just started and the project is already almost 20% sold, without any models available for viewing.Although townhomes are a different product type than what will be built on the subject parcel, this activity confirms the appeal of thedowntown Des Plaines residential market.
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population by Age
0 to 4 Years 5.65% 5.76% 5.62%
5 to 14 Years 8.64% 10.95% 11.69%
15 to 17 Years 2.95% 3.47% 3.56%
18 to 19 Years 1.63% 2.02% 2.01%
20 to 24 Years 4.47% 5.49% 5.25%
25 to 29 Years 6.56% 6.76% 6.39%
30 to 34 Years 8.18% 7.07% 6.49%
35 to 39 Years 6.88% 6.44% 6.21%
40 to 49 Years 13.10% 13.18% 13.56%
50 to 59 Years 15.33% 15.22% 15.16%
60 to 64 Years 6.82% 6.24% 6.33%
65 to 69 Years 5.33% 5.08% 5.09%
70 to 74 Years 3.97% 3.74% 3.84%
75 to 79 Years 3.25% 2.96% 3.11%
80 to 84 Years 2.83% 2.39% 2.47%
Age 85+ 4.39% 3.22% 3.21%
Median Age 43.78 41.57 42.12
POPULATION PROFILE 1 Miles 3 Miles 5 Miles Population 25+ by Education Level
2016 Estimate Population Age 25+ 14,603 95,965 229,857
Elementary (0-8) 3.93% 5.10% 4.37%
Some High School (9-11) 4.78% 6.08% 5.70%
High School Graduate (12) 26.02% 26.91% 24.40%
Some College (13-15) 21.80% 19.69% 18.43%
Associate Degree Only 7.22% 6.61% 6.47%
Bachelors Degree Only 22.86% 21.68% 24.74%
Graduate Degree 12.73% 12.28% 14.45%
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TOD OPPORTUNITY - DOWNTOWN DES PLAINES, IL
DEMOGRAPHICS
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PRESENTED BY
Rick GordonSenior AssociateDirector, National Land GroupChicago Oak Brook Office630.570.2200 Office630.570.2176 Office Direct630.570.2210 Fax847.778.9090 [email protected] IL 471.014823