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    1921 Lake Ave Wilmette, IL 60091

    Sponsored
    For Sale
    $450,000

    Prime Wilmette location, 1000 sq ft, high visibility.

    Property size:
    1,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,000 square foot commercial condo unit, located at 1921 Lake Avenue in Wilmette, Illinois, presents a unique investment opportunity. Situated on the corner of Lake Avenue and Ridge Avenue, this property boasts unparalleled visibility with 17,500 vehicles passing daily. The unit is part of the well-maintained Lake Courts building and features a desirable medical build-out, including three treatment rooms, a reception desk, and one ADA-compliant restroom. An attractive open foyer area adds to the professional ambiance. The space also benefits from 12-foot ceilings and excellent natural light. The NR zoning allows for a variety of commercial uses, including medical practices (clinic, psychiatry, dental, physical therapy, med spa), sales offices, call centers, professional services (architect, legal, insurance, accounting), and retail. The building offers a private parking lot with 20 spaces, supplemented by ample street parking. Convenient access to public transportation, area expressways, and nearby shopping centers enhances the property's appeal. The building also features a prominent signage area and 200-amp power. The surrounding area includes a variety of established businesses, such as Wilmette Foot and Ankle Clinic, Ridgeview Grill, and Zier's Prime Meats. The seller is open to reasonable offers. Please do not disturb the tenant.

    Property Features for 1921 Lake Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    1,000 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmette
    County
    Cook
    State
    Illinois
    Longitude
    -87.72384
    Latitude
    42.07875

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    FAQs

    What type of property is this?
    Residential income property - Prime Wilmette location, 1000 sq ft, high visibility.
    Where is this residential income property located?
    The property is located at 1921 Lake Ave Wilmette, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    (312) 506-0200
    Request Owner's contact information
    1921 Lake Ave Wilmette, IL 60091
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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
    1921 Lake Ave Wilmette, IL 60091
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