Specialty Real Estate
2400 East Devon Avenue Des Plaines, IL 60018
Details & Description
Call for Pricing
    O’Hare Lake Mixed-Use Development offering a conceptual plan that creates a destination place featuring Live-Work-Play amenities.Development plan includes 5 Residential Towers, 4 Office Towers, 2 Hotel Towers, a Regional Mall, Restaurants and retail shops throughout.Unique C-7 District Zoning permits high-density residential, office, hotel and retail, offering a developer flexibility to adjust the final project.
    Property Highlights
     Three existing cash flowing office buildings located on the site total 353,500 SF of office space
     Indicative Bids Due August 23, 2021 Best Final Auction Date September 9, 2021
    Listing Agents
    Josh Miller

    O: 248-848-4146
    josh.miller@freg.com
    Kellen Duggan

    O: 312-728-1700
    M: 312-706-3717
    kellen.duggan@freg.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    2400 East Devon Avenue

    Des Plaines, IL 60018

    OHare Lake Development Opportunity

    Listing ID: 263753
    • 2400 East Devon Avenue Des Plaines, IL 60018 | for Sale | Photo 1
    • 2400 East Devon Avenue Des Plaines, IL 60018 | for Sale | Photo 2
    • 2400 East Devon Avenue Des Plaines, IL 60018 | for Sale | Photo 3
    2400 East Devon Avenue | for Sale | Thumbnail 1
    2400 East Devon Avenue | for Sale | Thumbnail 2
    2400 East Devon Avenue | for Sale | Thumbnail 3
    Building Size: 353,429 SF
    Lot Size: --
    Land Size: --
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Property Highlights
    Proposed plan illustrates over 6.2 million SF to be constructed
    Three existing cash flowing office buildings located on the site total 353,500 SF of office space
    Existing assets are generating $1,100,000 in NOI at 47 occupancy
    Neighboring OHare International Airport and adjacent to Rivers Casino
    Located at the convergence of major highways
    Asset will be sold at auction via RealINSIGHT Marketplace
    Indicative Bids Due August 23, 2021 Best Final Auction Date September 9, 2021
    Description

    O’Hare Lake Mixed-Use Development offering a conceptual plan that creates a destination place featuring Live-Work-Play amenities.

    Development plan includes 5 Residential Towers, 4 Office Towers, 2 Hotel Towers, a Regional Mall, Restaurants and retail shops throughout.

    Unique C-7 District Zoning permits high-density residential, office, hotel and retail, offering a developer flexibility to adjust the final project.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Specialty Real Estate for Sale

    Des Plaines Area Market Trends

    Listing Demographics for 2400 East Devon Avenue Des Plaines, IL 60018

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population7,435107,022352,842
    Population Median Age414141
    Population by Age0-9 Yrs727 (9%)12675 (11%)39909 (11%)
    10-19 Yrs1062 (14%)11894 (11%)38469 (10%)
    20-29 Yrs777 (10%)11480 (10%)40529 (11%)
    30-39 Yrs872 (11%)13657 (12%)47875 (13%)
    40-49 Yrs1140 (15%)14597 (13%)45721 (12%)
    50-59 Yrs1140 (15%)16404 (15%)51046 (14%)
    60-69 Yrs831 (11%)12290 (11%)42906 (12%)
    70+ Yrs886 (11%)14025 (13%)46386 (13%)
    Median HH Income$76,545$82,039$71,975
    Total Household Income< 24K478 (15%)5821 (14%)21896 (16%)
    25-49K577 (19%)7073 (17%)24758 (18%)
    50-74K420 (13%)6247 (15%)22510 (16%)
    75-99K526 (17%)5839 (14%)18355 (13%)
    100-199K772 (25%)11184 (26%)34711 (26%)
    200K+241 (7%)5406 (13%)11103 (8%)
    Highest Education LevelNo Diploma396675228589
    Diploma or GED11411674965842
    Some College10781431348864
    Assoc. Degree497604721101
    Bachelors Degree13912106260358
    Higher Degree7911260932204
    Total Housing Units3,31244,310141,595
    --Owner-Occupied2,14830,20794,224
    --Renter-Occupied86611,36339,108
    Owner-Occupied Values< 100K15514435973
    100-199K444436217170
    200-299K770682529769
    300-399K291738922821
    400-499K17645189398
    500K+31256709094
    Total Working Age Population6,05187,002289,806
    In Work Force4,11256,913187,731
    Not In Work Force1,93930,089102,075
    Workforce Employed3,98554,803179,875
    Workforce Unemployed1272,0697,751
    Civlian Workforce4,11256,872187,626
    Military Workforce041105
    Total Households3,01441,570133,332
    Family Households1,86727,68789,013
    Non-Family Households1,14813,88344,319
    Married Couple1,50422,30469,161
    Other Family3635,38419,851
    Married w/Child6859,05827,786
    Single Male w/Child446531,829
    Single Female w/Child1241,5295,692

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243
    DuPage County904,161+1916,924+101,010,323+21,034,039

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Specialty property in Des Plaines, IL?
    The size of the building/unit at 2400 East Devon Avenue in Des Plaines is 353,429 square feet
    What kind of Specialty is the propery at 2400 East Devon Avenue?
    The property at 2400 East Devon Avenue Des Plaines, IL 60018 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 2400 East Devon Avenue in Des Plaines?
    The population within 1 mile of 2400 East Devon Avenue Des Plaines, IL 60018 is 7,435 people.
    Who do I contact for questions about 2400 East Devon Avenue?
    You should contact the listing agent, Josh Miller, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 2
    Chicago Midway International Airport (MDW) 16
    Chicago Rockford International Airport (RFD) 65
    Price
    Call for Pricing
    Listing Agent
    Listing Co-Agent
    Josh Miller - CRE Agent at

    Kellen Duggan

    Friedman Real Estate
    More listings from Josh Miller
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