$3,650,000

25,811

square ft

Nate Grill

Office: 708.903.3520

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Mike Rourke

Office: 312.505.1610

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1775 Glenview Road

Glenview, Illinois 60025

Closed / MLS #11983387 / Institutional or Developmental / Glenview

Listing information updated 5/18/2024 at 6:03am

Prime investment opportunity in the heart of downtown Glenview. Colonial Court Professional Building is 82% leased to nine, long-term, medical tenants. Upon full stabilization (just two small vacant units), building is expected to operate at an 8.6% cap rate. There's opportunity to drive down some of the opex to increase the cap rate north of 9%. The building is meticulously maintained and in excellent condition. 63 onsite surface parking spaces offers easy access for tenants and patients. The premier location provides incredible visibility bolstered by heavy foot and vehicle traffic. Continued development to neighboring properties is sure further increase the value of this asset in the years to come. Call List Brokers for Offering Memorandum and Financials.

Full Features

Acreage:

1.07

Built:

1962

Cooling System:

Central Air

Stories:

Current Use:

Commercial, Office

Potential Use:

Commercial, Office and Research, Retail

Rentable Square Feet:

4,119

Building Square Feet:

25,811

Taxes & Assessments

Tax Amount:

$151,067

Tax Year:

2022

Location

Zip Code:

60025

City:

Glenview

County:

Cook

Full Features Taxes & Assessments Location

Acreage:

1.07

Built:

1962

Cooling System:

Central Air

Stories:

Current Use:

Commercial, Office

Potential Use:

Commercial, Office and Research, Retail

Rentable Square Feet:

4,119

Building Square Feet:

25,811

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

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Glenview, IL

Just 20 miles from downtown Chicago, Glenview is a destination in its own right. The scenic North Shore town has expanded rapidly thanks to its established neighborhoods, convenient access to transportation, and array of amenities. More than 45,000 people call Glenview home, with properties ranging...

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1775 Glenview Road is a institutional or developmental which sold for $3,650,000. This institutional or developmental has been listed on @properties Christie's International Real Estate since January 16th, 2024 and was built in 1962. The nearest transit stops include Glenview Metra Metra Milwaukee District North line.