795 Center Street, Des Plaines, IL, 60016

795 Center Street Des Plaines, IL 60016

795 Center Street, Des Plaines, IL, 60016
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FOR SALE
Property Type:
Other Special Purpose
Amount:
$5,850,000
Last Verified:
Jun 06, 2024

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Description

Jameson Commercial is pleased to present 795 Center Street FOR SALE. The property is located at 795 Center Street, a short
walk from the center of the downtown Des Plaines neighborhood. The existing building at the property is a three-story masonry
school building (currently St. Mary Catholic School) with a total combined land area of 45,220 SF, equivalent to 1.03 acres. The
property has 266 feet of frontage on Center Street and 170 feet of frontage on E. Prairie Avenue. Downtown Des Plaines is 15 square miles located 17 miles northwest of downtown Chicago with close proximity to O’Hare International Airport and convenient access to interstates and rail. Downtown Des Plaines is known as a safe, diverse community made up of people from many different countries and cultures. Downtown Des Plaines has a rich heritage and offers residents, business owners and visitors, unique shopping, dining, and entertainment options. Since the 1870s, nearby Miner and Ellinwood streets have been at the center of commerce in Des Plaines.

Downtown Des Plaines

Building Size: 45220sq ft
Lot Size: 0 acres

Map of 795 Center Street, Des Plaines, IL, 60016

Presented by:
Jameson Commercial

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Art Collazo


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.