1627 Colonial PkwyInverness, IL 60067

Property Details for 1627 Colonial Pkwy

Year built

1989

Lot size

9.19 AC

Property type

Office properties

APN

02-28-301-068-1020

APU

2283010681020

Description

This exceptional office space, located at 1627 W Colonial Pkwy in Inverness, Illinois (zip code 60067), offers a variety of suite sizes ranging from 180 to 200 square feet. Situated within the Williamsburg Office Village, this property provides a convenient and professional environment for businesses of all sizes. The building itself totals 5,595 square feet and is a single, three-story structure built in 1983. While there are no elevators, the building offers easy access and a functional layout. The property is classified as an Executive Office, Traditional Office, and Creative Office space, catering to diverse business needs. Currently, multiple tenancies are available within the building. The location is in Cook County, Illinois, offering easy access to major transportation routes and amenities. This is an excellent opportunity for businesses seeking a well-maintained and conveniently located office space in a thriving community. The property is ideal for entrepreneurs, small businesses, or those seeking a satellite office location. Interested parties should inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $72,281,808

  6.5%

  $66,721,668

  7%

  $61,955,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,641,356

  Geo Method

  $52,141,160

• Alternative Use

  Use

  Valuation

  Residential

  $82,734,864

  Hospitality

  $75,784,696

  Educational

  $63,051,976

  Medical

  $65,220,428

  Retail

  $98,080,848

Location Insight

City

Inverness

County

Cook

State

Illinois

Latitude

42.0839

Longitude

-88.0792

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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