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    450 Skokie Blvd Northbrook, IL 60062

    Sponsored
    For Sale
    $995,000

    High-end single-story office condo, ideal owner-user.

    Property size:
    5,295 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5,295-square-foot single-story office condo in Northbrook, Illinois, presents a unique opportunity for owner-occupancy or investment. Located at 450 Skokie Boulevard, this property is part of an attractive 11-building office condo development, offering a tranquil setting with mature trees and a natural stream. The space is currently divided into two suites: a 1,375-square-foot suite leased on a short-term basis, generating immediate rental income, and a larger 3,920-square-foot suite available for immediate occupancy. Both suites can be easily combined to create a single, expansive workspace. The property boasts a private entrance, providing a high level of privacy and exclusivity. Its prime location offers convenient access to Interstate 94, a wide array of shops and restaurants, and the entire North Shore/North Suburban Chicago market. This is an exceptional opportunity to acquire a well-maintained, high-quality office space in a highly desirable Northbrook location. The property's serene outdoor environment and convenient access to major transportation routes make it an ideal location for businesses seeking a productive and pleasant work environment. The combination of rental income and immediate occupancy potential makes this a versatile and attractive investment.

    Property Features for 450 Skokie Blvd

    General Information

    Property type
    Residential income properties
    Square Feet
    5,295 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -87.7979
    Latitude
    42.142

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    FAQs

    What type of property is this?
    Residential income property - High-end single-story office condo, ideal owner-user.
    Where is this residential income property located?
    The property is located at 450 Skokie Blvd Northbrook, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    (312) 676-1866
    Request Owner's contact information
    450 Skokie Blvd Northbrook, IL 60062
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    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
    450 Skokie Blvd Northbrook, IL 60062
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