1200 Shermer RdNorthbrook, IL 60062

Property Details for 1200 Shermer Rd

Lot size

6.85 AC

Property type

Banks

APN

04-10-111-024

APU

410111024

Description

This four-story, 14,000 square foot office building at 1200 Shermer Road in Northbrook, Illinois offers flexible space ideal for traditional, medical, or creative office uses. Multiple suites are available, ranging from 3,706 to 8,076 contiguous square feet, with a total of 11,782 square feet currently vacant. Built in 1982, the property features 283 parking spaces and elevators for convenient access. Located in the heart of downtown Northbrook, this property provides easy access to a variety of amenities, including numerous restaurants and shopping centers. Its convenient location near I-294 and I-94, along with proximity to the Metra Milwaukee District – North Line, ensures excellent commuting options. Enhanced security features include key card access. A conference/training room is also available for tenant use. The property is situated in Cook County, Illinois, with a zip code of 60062. This exceptional location and versatile space make this an attractive opportunity for businesses seeking a thriving North Shore location.

• CAP approach

  CAP return

  Valuation

  6%

  $132,124,368

  6.5%

  $121,960,952

  7%

  $113,249,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,006,192

  Geo Method

  $98,006,192

• Alternative Use

  Use

  Valuation

  Residential

  $102,878,632

  Hospitality

  $94,236,272

  Educational

  $78,403,472

  Medical

  $81,099,888

  Retail

  $121,960,952

Location Insight

City

Northbrook

County

Cook

State

Illinois

Latitude

42.132

Longitude

-87.8242

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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