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3633 Lake Ave Glenview, IL 60026

Prime Medical Office Investment, 83,985 SF

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional five-story, 83,985-square-foot Class B medical office building presents a compelling investment opportunity in Glenview, Illinois. Located at 3633 W. Lake Avenue, this multi-tenant property boasts a 70% occupancy rate, with approximately 90% of tenants in the medical field, ensuring a stable income stream. Built in 1980 and situated on a generous 4.7-acre lot, the building offers ample space and potential for future development. The property features 300 convenient surface parking spaces for tenants and visitors. Its strategic location, a quarter-mile from Glenbrook Hospital, further enhances its appeal within the thriving medical community. The property is zoned B-2 General Business District, allowing for versatile usage options. With 29 tenants currently occupying the space, this asset offers a strong foundation for continued growth and profitability in a dynamic market. The Cook County property (APN: 04-28-300-029-0000) offers a modified lease structure. This is a rare opportunity to acquire a well-established medical office building with significant upside potential in a desirable location. The property's size, location, and high percentage of medical tenants make it an attractive investment for those seeking a stable and growing asset in the Chicago area. The 60026 zip code provides easy access to major transportation routes and amenities.

Highlights

  • 83,985 SF office building, strong investment opportunity.
  • 1980 construction, established asset.
  • B-2 General Business zoning, versatile usage.
  • 70% occupancy, stable income.
  • 4.7-acre site, future development potential.
  • 300 surface parking spaces.

Property Details for 3633 Lake Ave

Property type
Office properties, Medical offices
Square Feet
83,985 SF
Class
B
Year Built
1980
Stories
5
Lot Size (sq. ft)
204,732 SF

Location Insight

City
Glenview
County
Cook
State
Illinois
Latitude
42.0858282
Longitude
-87.8469491
3633 Lake Ave, Glenview, Illinois

FAQs

What type of property is this?
Office property - Prime Medical Office Investment, 83,985 SF
Where is the office property located?
The property is located at 3633 Lake Ave Glenview, IL.
What are key features of this property?
This property features: 83,985 SF office building, strong investment opportunity.; 1980 construction, established asset.; B-2 General Business zoning, versatile usage.
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3633 Lake Ave
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