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    360 Melvin Dr Northbrook, IL 60062

    For Sale
    $1,895,000

    Prime location, 16,670 SF, 1.14 acres

    Property size:
    16,670 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional Northbrook commercial property, situated on a 1.14-acre corner lot, offers a unique blend of office and warehouse space, totaling 16,670 square feet. The property boasts a substantial warehouse area constructed in 1986, featuring a generous 17-foot clear height, ideal for various storage and operational needs. The warehouse is equipped with unit heaters for climate control, a robust 400-amp electrical panel, an exterior loading dock for efficient material handling, and a convenient grade-level door. The original office structure, built in 1983, provides ample space for administrative functions and client interaction. The office area includes a welcoming reception/waiting area, a versatile showroom, a multi-purpose room suitable for meetings or training, eight individual offices for staff, and four bathrooms—including a full bathroom within the executive office. Employee comfort is further enhanced by a dedicated lunch/break room. The property's strategic corner lot location is highlighted by a prominent monument sign, ensuring excellent visibility and brand recognition. Ample parking is available with 30 spaces, including one designated handicapped-accessible space. Security and safety are prioritized with an installed security system and a comprehensive sprinkler system throughout the building. This property presents a rare opportunity to acquire a well-maintained and versatile commercial space in a highly desirable Northbrook location.

    Property Features for 360 Melvin Dr

    General Information

    Property type
    Investment properties
    Square Feet
    16,670 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    1983
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Cook
    State
    Illinois
    Longitude
    -87.85151
    Latitude
    42.14594

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    FAQs

    What type of property is this?
    Investment property - Prime location, 16,670 SF, 1.14 acres
    Where is this investment property located?
    The property is located at 360 Melvin Dr Northbrook, IL.
    What is the asking price?
    The asking price for this property is $1,895,000.
    (847) 360-1375
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    360 Melvin Dr Northbrook, IL 60062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    360 Melvin Dr Northbrook, IL 60062
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