Property Attributes
- MLS#11983387
- TypeContingent
- CountyCOOK
- CityGlenview
- AreaGlenview - Golf
- Zip60025
- StyleCommercial,Office
- Year Built1962
- Taxes$ 151067
- Price$ 3,999,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage25811
- Lot Size1.07 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
Price History | |
---|---|
2/16/2024 | Listed $3,999,000 |
General Features
Cooling | Central Air |
---|---|
Construction Materials | Brick |
Year Built | 1962 |
Electric | Service - 101 to 200 Amps |
Tenant Pays | Electricity,Heat |
Stories | 2 |
Property SubType | Medical,Office |
Tax Year | 2022 |
Current Use | Commercial,Office |
County | Cook |
Operating Expense | 151067 |
Property Type | Commercial Sale |
Contingency | Attorney/Inspection |
Possible Use | Commercial,Office and Research,Retail |
Status | Contingent |
Directions | Waukegan to Glenview Rd. West 2 blocks to building |
City | Glenview |
Total Units | 11 |
MLS Area | Glenview / Golf |
Lot Size Square Feet | 46609 |
Street Name | Glenview |
Tax Annual Amount | 151067 |
Additional Parcels Y/N | No |
Leasable Area | 4119 |
Virtual Tour | https://real.vision/1775-glenview-road?o=u |
Days on Market | 98 |
Standard Status | Active Under Contract |
Property Type | Office/Tech |
Interior Features
Street Suffix | Road |
---|
Exterior Features
Building Area Total | 25811 |
---|---|
Lot Dimensions | 247 X 182.46 |
Lot Size Acres | 1.07 |
Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool