2601 Patriot BlvdGlenview, IL 60026

Property Details for 2601 Patriot Blvd

Year built

2004

Lot size

3.86 AC

Property type

Retail space

Property subtype

Storefront properties

APN

04-22-301-021

APU

422301021

Description

This exceptional 48,991-square-foot Class A office building presents a unique opportunity for a single tenant. Located at 2601 Patriot Blvd in Glenview, Illinois, this two-story property boasts a prime location within Cook County's Near North submarket cluster. Built in 2005, the building offers a modern and efficient workspace, ideal for a variety of office uses, including executive, traditional, creative, or medical practices. The entire building is currently vacant, providing a blank canvas for a discerning tenant to customize the space to their exact specifications. The property sits on a generous 3.86-acre lot, providing ample space and potential for future expansion. With 197 parking spaces, convenient access is ensured for employees and clients alike. The building's Class A designation reflects its high-quality construction and finishes, promising a sophisticated and productive work environment. This is a rare opportunity to secure a substantial, fully vacant, Class A office building in a highly desirable location. The property's size, amenities, and location make it an exceptional investment for a business seeking a prominent presence in the thriving Glenview market. The zip code is 60026.

• CAP approach

  CAP return

  Valuation

  6%

  $74,401,872

  6.5%

  $68,678,656

  7%

  $63,773,036

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,189,248

  Geo Method

  $55,189,248

• Alternative Use

  Use

  Valuation

  Residential

  $57,933,012

  Hospitality

  $53,066,328

  Educational

  $44,150,564

  Medical

  $45,668,968

  Retail

  $68,678,656

Location Insight

City

Glenview

County

Cook

State

Illinois

Latitude

42.1028

Longitude

-87.8225

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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