3482-3494 Milwaukee AveNorthbrook, IL 60062

Property Details for 3482-3494 Milwaukee Ave

Year built

1982

Lot size

0.69 AC

Property size (Sq ft)

8,800 SF

Property type

Retail properties

Description

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.

Location Insight

City

Northbrook

County

Cook

State

Illinois

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