8120 Lehigh AveMorton Grove, IL 60053

Property Details for 8120 Lehigh Ave

Year built

1986

Lot size

5.50 AC

Property type

Retail space

APN

10-20-303-002

APU

1020303002

Description

North Grove Corporate Center offers 72,058 square feet of Class A office and industrial space in Morton Grove, Cook County. This single-story building, renovated in 2017, features flexible spaces ranging from 2,500 to 8,862 contiguous square feet, ideal for executive offices, flex space, medical offices, distribution, warehouse, or traditional office uses. The property boasts a 14-foot ceiling height, three loading docks, and two drive-in doors, supported by 480-volt power. Situated on five acres of land, the building offers convenient access for tenants, with individual HVAC control and no shared common areas or elevator bays. Its location provides easy access to I-94 (Edens Expressway) and the Morton Grove Metra station, attracting employees from Chicago and the northern suburbs. The building is ADA compliant and includes a full sprinkler system, making it suitable for medical use. The surrounding area offers a strong demographic profile, with a population of 480,310 within a five-mile radius, 179,110 households, and an average household income of $114,799. Morton Grove itself provides a suburban lifestyle with numerous restaurants, coffee shops, and parks. The property is part of a two-building campus with extensive perimeter windows, offering efficient and flexible spaces. Multiple tenants are currently accommodated.

• CAP approach

  CAP return

  Valuation

  6%

  $106,012,784

  6.5%

  $97,857,952

  7%

  $90,868,096

• Comparable approach

  Method

  Valuation

  Relative Method

  $78,637,344

  Geo Method

  $78,637,344

• Alternative Use

  Use

  Valuation

  Residential

  $82,546,840

  Hospitality

  $75,612,464

  Educational

  $62,908,684

  Medical

  $65,072,208

  Retail

  $97,857,952

Location Insight

City

Morton Grove

County

Cook

State

Illinois

Latitude

42.0291

Longitude

-87.7831

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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