Technical
Financial
Distress signals
Property profile

450 Skokie Blvd Northbrook, IL 60062

OFF-MARKET
Office Spaces
Property ID
US28-1023647
7.88 ac lot Built 1986
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional single-story office condo in Northbrook, Illinois, offers 5,295 square feet of meticulously finished space, ideally suited for owner-occupancy or investment. Currently divided into two suites (approximately 1,375 and 3,920 square feet), both are available for lease, or the entire property can be purchased. The smaller suite is currently leased on a short-term basis, generating annual rent of $25,369. The larger space is immediately available. Located at 450 Skokie Blvd, this property boasts a prime location in a highly sought-after area, conveniently situated near I-94, abundant shopping and dining options, and the entire North Shore/North Suburban Chicago market. Built in 1975 and extensively renovated in 2014, this property is part of an 11-building office condo development, offering a beautiful, tree-lined setting with a stream and serene outdoor space. The property sits on a 343,253 square foot lot and is zoned C-5. Cook County APN is 04-02-400-005-1019. The surrounding area is affluent, with a 3-mile radius boasting average household incomes exceeding $172,000 annually and average home prices over $630,000. The property's proximity to the new NorthShore 770 development, featuring popular retailers like Mariano's and Chipotle, further enhances its desirability. This is a rare opportunity to acquire a high-quality office space in a thriving Northbrook location.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1986
Lot 7.88 ac (343,253 SF)
APN 04-02-400-005-1004
UPID US28-1023647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

450 Skokie Blvd Northbrook, IL 60062-7909
Northbrook metro Census 801500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
Last sale
$530,000
7 recorded transactions
2025
$530,000
2025
$953,000
2024
$199,000
2023
Price N/A
2023
Price N/A
2022
$400,000
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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