For Sale
$1,950,000

3482-3494 Milwaukee Ave Northbrook, IL 60062

High-Yield Retail Investment, 8,800 SF

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a stabilized, multi-tenant retail center in Northbrook, IL. Located at 3482-3494 Milwaukee Ave (APN 04-30-205-006-0000), this 8,800 square foot, single-story Class B building boasts a strong 8.22% cap rate at an asking price of $1,950,000. The property sits on a 0.69-acre lot zoned C-4, Northbrook, and offers ample parking (4.44 spaces per 1,000 sq ft), accommodating over 40 vehicles. Built in 1982, the well-maintained center features a diverse tenant mix including a sushi restaurant, massage salon, vape shop, hair salon, acupuncture clinic, dentist's office, and Mexican restaurant. Its high-visibility location along Milwaukee Avenue, at the edge of a major business and industrial district, benefits from significant foot traffic and proximity to major retail corridors, shopping centers, and residential areas. This established center presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a desirable location. The property offers two points of access for enhanced convenience. A Walk Score of 67 indicates a somewhat walkable neighborhood.

Highlights

  • Price: $1,950,000
  • Property Type: Retail, Freestanding
  • Building Class: B
  • Sale Type: Investment
  • Cap Rate: 8.22%
  • Lot Size: 0.69 Acres

Property Details for 3482-3494 Milwaukee Ave

Property type
Retail properties
Square Feet
8,800 SF
Class
B
Year Built
1982
Stories
1
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Northbrook
County
Cook
State
Illinois

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment, 8,800 SF
Where is the retail property located?
The property is located at 3482-3494 Milwaukee Ave Northbrook, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Price: $1,950,000; Property Type: Retail, Freestanding; Building Class: B
How can I contact the broker?
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3482-3494 Milwaukee Ave
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