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$3,650,000
25,811
square ft

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.
Acreage:
1.07
Built:
1962
Cooling System:
Central Air
Stories:
2
Current Use:
Commercial, Office
Potential Use:
Commercial, Office and Research, Retail
Rentable Square Feet:
4,119
Building Square Feet:
25,811
Tax Amount:
$151,067
Tax Year:
2022
Zip Code:
60025
City:
Glenview
County:
Cook

Listing Office: @PROPERTIES

Listing Office Phone: 312.506.0200

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/18/2024 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

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...

Metra

Metra
Milwaukee District North line at Glenview Metra
$798,069
Average Sale Price
36
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1775 Glenview Road, Glenview, IL 60025
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1775 Glenview Road, Glenview, IL 60025 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.

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