38 N Broadway Street Des Plaines, IL ^$ 325,000

38 N Broadway Street

^$ 325,000

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Recently Listed

38 N Broadway Street

Des Plaines, IL, 60016

^$ 325,000

Bedrooms-- Baths-- Sq 1,950

Monthly Estimate*

^$ 2,001

38 N Broadway Street, Des Plaines, IL 60016 - Image 1

38 N Broadway Street, Des Plaines, IL 60016 - Image 2

38 N Broadway Street, Des Plaines, IL 60016 - Image 3

38 N Broadway Street, Des Plaines, IL 60016 - Image 4

38 N Broadway Street, Des Plaines, IL 60016 - Image 5

Commercial Property for sale in Des Plaines, IL

for $325,000. This 1,950 square foot building was built in 1962 on a lot size of 0.060262.

Turn key opportunity to own a commercial investment property in Des Plaines next to of Mt. Prospect. All 5 units are rented with annual income of $36,300. Property taxes only $11,000. Street parking on both sides of Broadway. Nearly 2000 square foot building with updated interior, two washrooms and kitchenette. Front and side entrances. Garage door for loading and unloading access. Across from Des Plaines - Cumberland METRA station and on PACE bus route. Well built and excellently maintained building.

Commercial Active

Price

^$ 325,000

Property Type

Commercial

Taxes

^$ 11,012

Style

Commercial,Office,Medical/Dental

Lot Size

0.060262

Year Built

1962

Town/City

Des Plaines

County/Region

Cook

MLS | Web ID

12588709

Features

General

Cooling Central Air

Zoning COMMR

Year Built 1962

Electric Circuit Breakers

Stories Count 1

Township Maine

Tax Year 2024

Current Use Commercial Office Medical/Dental

Gross Income 36300

County Cook

Net Operating Income 18356

Operating Expense 6932

Property Type Commercial Sale Office/Tech

Possible Use Commercial Office Retail Elderly Housing Single Room Occupancy

Status New

Directions Off of Northwest Highway/Route 14 North on Broadway

City Des Plaines

Number Of Units Total 5

MLS Area Des Plaines

Lot Size Square Feet 2625

Tax Annual Amount 11012

Additional Parcels Y/N N

Leasable Area 0

Standard Status Active

Exterior

Building Area Total 1950

Lot Dimensions 35 x 75

Frontage Type City Street

* Excluded Features

List By

Keller Williams Onechicago

Broker

mary@marychilders.com

Affordability Calculator

$2,919

Per Month

Monthly Principal & Interest: $2,001
Monthly Property Taxes: $918
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Des Plaines, IL

Average List Price ^$800,557

Percent of Sale Price 146%

About Des Plaines, IL

58,932 Population

2% Since 2002

^$65,417 Median Income

42.72 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2026	$325,000		Listed Price

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38 N Broadway Street, Des Plaines, IL, 60016 is a Commercial Property for sale at $325,000 with 1,950 sqft and a lot size of 0.060262. 38 N Broadway Street was built in 1962. The property's zip code is 60016 which is in Des Plaines, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/21/2026.

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38 N Broadway Street

Commercial Property for sale in Des Plaines, IL

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