97 Skokie Valley RdLake Bluff, IL 60044

Property Details for 97 Skokie Valley Rd

Year built

1969

Construction

BRICK

Lot size

0.87 AC

Property size (Sq ft)

2,800 SF

Property type

Office buildings

APN

12-19-208-017

APU

1219208017

Description

This exceptional investment opportunity presents a two-building industrial portfolio ideally situated on nearly two acres in Lake Bluff, Illinois. The property boasts a combined 20,855 square feet of space, strategically located at the intersection of IL Route 41 and IL Route 176 in desirable Lake County. Both buildings offer significant advantages for investors. The warehouse areas are fully heated, providing year-round operational efficiency. High ceilings, reaching 18 feet in most areas, maximize storage and operational flexibility. Currently fully leased, the property generates a net annual income of $120,000. However, there's substantial potential for increased revenue through market-rate rent adjustments. The property's prime location and strong existing income stream make it an attractive investment prospect with significant upside potential. The two buildings offer a combined 20,855 square feet on a 2-acre lot, providing ample space for various industrial uses. This is a rare opportunity to acquire a well-located, income-producing industrial property in a thriving market. The address is 97 & 104 Skokie Valley Rd, Lake Bluff, IL 60044. The asking price is $1,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $505,573

  6.5%

  $466,683

  7%

  $433,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $284,265

  Geo Method

  $364,700

• Alternative Use

  Use

  Valuation

  Residential

  $578,687

  Hospitality

  $530,074

  Educational

  $441,015

  Medical

  $456,183

  Retail

  $686,024

Location Insight

City

Lake Bluff

County

Lake

State

Illinois

Latitude

42.2818

Longitude

-87.8688

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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