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1775 Glenview Road, Glenview, IL 60025
$3,999,000 Contingent
1775 Glenview Road, Glenview, IL 60025View this property at 1775 Glenview Road, Glenview, IL 60025
1775 Glenview RoadGlenviewIL60025
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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.
Full Property Details
Full Property Details for 1775 Glenview Rd
General
- Price: $3,999,000
- Taxes: $151,067 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11983387
- Updated: 4/22/2024
- Added to Site: 102 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Parking
- Parking Features: 51 to 100 Spaces
Location
- Area: Glenview / Golf
- County: Cook
- Driving Directions: Waukegan to Glenview Rd. West 2 blocks to building
- Location Details: North Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 25,811
- Current Bldg. Use: Commercial, Office
- Year Built: 1962
- Built Before 1978: Yes
Unit Information
- # Tenants: 9
Lot Features
- Lot Size (Acres): 1.07
- Lot Size (Sq. Ft.): 46,609
- Lot Dimensions: 247 x 182.46
- Potential Use: Commercial, Office and Research, Retail
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $151,067
- Security Deposit: Alarm On Site
- Assessment Year: 1962
- Tax Amount: $151,067
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 4353040550000
Listed by @properties Commercial
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Schools
Schools serving 1775 Glenview Rd
School Districts:Glenview Community Consolidated School District 34, Glenbrook High School District 225
Rating | Name | Grades | Distance |
---|---|---|---|
Lyon Elementary School
1335 Waukegan Rd, Glenview, IL 60025 | PK-2 | 0.5 mi | |
1730 Sunset Ridge Rd, Glenview, IL 60025 | 3-5 | 1.1 mi | |
2701 Central Rd, Glenview, IL 60025 | 6-8 | 1.3 mi | |
4000 W Lake Ave, Glenview, IL 60026 | 9-12 | 2.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1775 Glenview Rd
Date
Details
Price
Change
Source
1/16/2024
Listed
$3,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1775 Glenview Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$151,067
-5%
$702,321
10%
2021
$158,545
1%
$637,000
—
2020
$156,667
15%
$637,000
-3%
2019
$136,414
23%
$654,009
36%
2018
$110,531
3%
$480,590
—
2017
$107,586
6%
$480,590
—
2016
$101,659
-2%
$480,590
10%
2015
$104,037
1%
$436,880
-1%
2014
$103,442
3%
$442,482
—
2013
$100,289
-6%
$442,482
-14%
2012
$106,819
—
$513,535
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1775 Glenview Rd
1775 Glenview Road, Glenview, IL 60025 (MLS# 11983387) is a Commercial property. 1775 Glenview Road is currently listed for $3,999,000 and was received on January 16, 2024. Want to learn more about 1775 Glenview Road? Do you have questions about finding other Commercial real estate for sale in Glenview? You can browse all Glenview real estate or contact a Coldwell Banker agent to request more information.