4200 Commercial WayGlenview, IL 60025

Property Details for 4200 Commercial Way

Year built

1986

Lot size

4.54 AC

Property type

Retail space

APN

04-32-301-025

APU

432301025

Description

The Glenview Office Center, located at 4200 Commercial Way, Glenview, IL 60025, presents a compelling opportunity for businesses seeking office space in Cook County's Near North submarket. This single-story, Class C building, constructed in 1970, offers a total of 20,000 square feet across multiple tenancies. The property sits on a 4.53-acre lot and provides ample parking with 80 spaces. Currently, there are five available office suites ranging in size from 625 to 1,550 square feet, each boasting excellent existing conditions. The building's convenient location near I-294 offers easy access for employees and clients. While elevators are not present, the single-story design ensures convenient accessibility. This property is well-suited for a variety of office uses, including medical practices, given its prestigious Glenview address and the available suite sizes. The property is categorized as both Traditional and Executive Office space. This presents a unique opportunity to establish a presence in a desirable and easily accessible location within the North submarket cluster.

• CAP approach

  CAP return

  Valuation

  6%

  $87,508,552

  6.5%

  $80,777,128

  7%

  $75,007,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,911,420

  Geo Method

  $64,911,420

• Alternative Use

  Use

  Valuation

  Residential

  $68,138,528

  Hospitality

  $62,414,528

  Educational

  $51,928,152

  Medical

  $53,714,044

  Retail

  $80,777,128

Location Insight

City

Glenview

County

Cook

State

Illinois

Latitude

42.0695

Longitude

-87.8603

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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