This exceptional Northbrook, IL office condo presents a unique investment opportunity. The property, located at 450 Skokie Blvd, boasts 5,295 square feet across two units (approximately 3,920 SF and 1,375 SF) within a single-story building. Built in 1975 and extensively renovated in 2014, the space features high-end finishes and a desirable layout including private offices, a conference room, file/storage areas, open workspace, private bathrooms, and kitchenettes. One unit (1,375 SF) is currently leased, generating $25,369 in annual income. The larger unit is immediately available. Both units can be combined to create a larger, cohesive workspace. Situated on a 343,253 square foot lot in a sought-after Northbrook location, this Class A property offers easy access to I-94, abundant nearby retail and dining options, and benefits from a beautiful, tree-lined setting with a stream. The property is zoned C-5 and is part of an 11-building office condo development. The sale-leaseback structure provides flexibility for owner-users. The affluent Northbrook location, with average household incomes exceeding $172,000 within a 3-mile radius, and average home prices over $630,000, makes this a highly desirable investment. The property's proximity to the new NorthShore 770 development, featuring retailers like Mariano's and Chipotle, further enhances its appeal. Ample on-site parking is available. The asking price is $995,000. The property is also available for lease at $22 per square foot on a modified gross basis.
Highlights
5,295 SF single-story office condo.
High-end finishes and design.
Two suites: 3,920 SF and 1,375 SF.
Each suite features private offices, conference room, storage, open workspace, bathrooms, and kitchenette.
Office property - High-end finishes, prime location, owner-user opportunity.
Where is the office property located?
The property is located at 450 Skokie Blvd Northbrook, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,295 SF single-story office condo.; High-end finishes and design.; Two suites: 3,920 SF and 1,375 SF.
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Skokie Blvd Northbrook, IL 60062
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