Glenview, IL 60025,1775 Glenview RD
See all 8 photos
Glenview, IL 60025,1775 Glenview RD
Glenview, IL 60025,1775 Glenview RD
Glenview, IL 60025,1775 Glenview RD
Glenview, IL 60025,1775 Glenview RD

$3,650,000

Est. payment /mo

$3,999,000

8.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1775 Glenview RD Glenview, IL 60025

25,811 SqFt

SOLD DATE : 05/16/2024

Key Details

Sold Price $3,650,000

Property Type Commercial

Sub Type Office/Tech

Listing Status Sold

Purchase Type For Sale

Square Footage 25,811 sqft

Price per Sqft $141

MLS Listing ID 11983387

Sold Date 05/16/24

Year Built 1962

Annual Tax Amount $151,067

Tax Year 2022

Lot Size 1.070 Acres

Lot Dimensions 247 X 182.46

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.

Location

State IL

County Cook

Area Glenview / Golf

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 2

Structure Type Brick

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Midwest Real Estate Data (MRED) IDX
Listed by Stephen Grill • @properties Commercial
Bought with Carlo Santucci • Avalon Realty Associates, LLC

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.