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900 Shr Dr Lake Bluff, IL 60044

Prime North Shore Office Complex, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a two-building, 45,018 square foot Class B multi-tenant office complex situated on a 3.18-acre lot at 900 N Shore Dr, Lake Bluff, IL 60044. Built in 1978, the property boasts a 94% occupancy rate and generates a substantial Net Operating Income (NOI) of approximately $354,035.41. The property features 152 parking spaces (4.67 per 1,000 square feet), keycard security, 24-hour access, and a shared conference/lunch room. Its strategic location offers easy access to US Route 41, Interstate 94, and the Lake Bluff Metra station. The L-1 zoned property benefits from its proximity to a wealth of amenities, including Northwestern Medicine Lake Forest Hospital, several schools, and a wide array of national and local retailers such as Target, Heinen's Grocery Store, Walgreens, and numerous restaurants. The affluent Lake Bluff location, part of the North Shore, boasts an average household income exceeding $178,000 within a one-mile radius, ensuring strong tenant demand and long-term value. This property represents a compelling investment opportunity with significant upside potential due to its strong cash flow, prime location, and desirable amenities. Low Lake County taxes further enhance its attractiveness.

Highlights

  • Strong cash flow with approximately $354,035.41 in-place NOI.
  • Excellent location adjacent to US Route 41 and within two miles of Interstate 94.
  • Features keycard security, 24-hour access, a shared conference/lunch room, and 152 parking spaces (4.67/1,000 SF).
  • Benefits from low Lake County property taxes.
  • Situated in affluent Lake Bluff, North Shore, with average household income exceeding $178,000 within a one-mile radius.
  • Proximity to Northwestern Medicine Lake Forest Hospital and numerous schools.

Property Details for 900 Shr Dr

Property type
Office properties
Square Feet
45,018 SF
Class
B
Year Built
1978
Buildings
2
Stories
2
Lot Size (sq. ft)
138,521 SF

Location Insight

City
Lake Bluff
County
Lake
State
Illinois
Latitude
42.2732881
Longitude
-87.867366

FAQs

What type of property is this?
Office property - Prime North Shore Office Complex, High NOI
Where is the office property located?
The property is located at 900 Shr Dr Lake Bluff, IL.
What are key features of this property?
This property features: Strong cash flow with approximately $354,035.41 in-place NOI.; Excellent location adjacent to US Route 41 and within two miles of Interstate 94.; Features keycard security, 24-hour access, a shared conference/lunch room, and 152 parking spaces (4.67/1,000 SF).
How can I contact the broker?
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900 Shr Dr
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