For Sale
$995,000

450 Skokie Blvd Northbrook, IL 60062

High-end finishes, prime location, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
127
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.
  • 1,375 SF suite generates $25,369 annual income.
  • Suites can be combined.

Property Details for 450 Skokie Blvd

Property type
Office properties
Square Feet
5,295 SF
Class
A
Year Built/Renovated
1975/2014
Buildings
1
Stories
1
Units
2

Location Insight

City
Northbrook
County
Cook
State
Illinois
Latitude
42.141122720131
Longitude
-87.796854880695
450 Skokie Blvd, Northbrook, Illinois

FAQs

What type of property is this?
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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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450 Skokie Blvd
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