2300 Lehigh AveGlenview, IL 60025

Property Details for 2300 Lehigh Ave

Year built

2003

Lot size

2.31 AC

Property type

Community centers

APN

04-22-302-006

APU

422302006

Description

This Glenview, IL property, located at 2300 Lehigh Ave, zip code 60025, offers exceptional office and retail space within the Glen Gateway Shoppes. The two-story Class A building, constructed in 2003, comprises 39,000 square feet and features two buildings with 166 parking spaces and elevators. Currently, 5,828 square feet of space is available, divisible into units ranging from 1,276 to 3,763 contiguous square feet. The property boasts a diverse tenant mix, including medical, retail, and professional businesses, ensuring high visibility and foot traffic. The location is highly convenient, situated across from the Glenview North Metra Train Station. Available spaces are fully built-out, offering features such as reception areas, high-end carpeting, meeting rooms, separate offices, kitchens, and bathrooms. Some units benefit from abundant natural light and are ready for immediate occupancy. A fully built-out restaurant space is also available, featuring new floors, a bar, a kitchen, and bathrooms, along with an outdoor patio. The property's Cook County location offers a favorable tax rate of $11.71 per square foot. This presents a unique opportunity for businesses seeking a well-appointed space in a thriving commercial center. Lease terms are negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $44,525,544

  6.5%

  $41,100,504

  7%

  $38,164,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $33,027,816

  Geo Method

  $33,027,816

• Alternative Use

  Use

  Valuation

  Residential

  $34,669,812

  Hospitality

  $31,757,362

  Educational

  $26,421,752

  Medical

  $27,330,436

  Retail

  $41,100,504

Location Insight

City

Glenview

County

Cook

State

Illinois

Latitude

42.0972

Longitude

-87.8169

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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