Northbrook Medical Office
105 Revere Dr, Northbrook, IL 60062
For Sale
Contact for pricing
Turnkey medical office condo in Northbrook ready for immediate use.
Property Size1,899 SF
Price / SF$315.43
Days on Market232
Property Features for 105 Revere Dr
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Building Details
Year Built
Year Renovated
Stories
Units
Tenancy
Listing Agency:
Leading Edge Realty Advisors
Listed By:
Christopher Demas · License IL #471019127
(847) 868-5745
Source:
Crexi
Added: Mar 24
Changed: Nov 3
Last Checked: Nov 10 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leading Edge Realty Advisors
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Investment Insights
Based on property information with market context.
This 1,899 square foot medical office condo is located in Northbrook and features a built-out layout suitable for immediate occupancy. The space includes an open treatment area with multiple stations, private exam rooms and office, a dedicated X-ray room, a welcoming reception area, and a built-out kitchenette. This property is suited for chiropractic, physical therapy, dental, or general medical practices seeking a turnkey medical office in the Northbrook and Chicago North Shore market.
Key Highlights
- Turnkey medical office condo ready for immediate use.
- Built‑out layout including open treatment area, private exam rooms, and office.
- Dedicated X‑ray room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,072
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,440
$541.4K
Cap Rate 7%
$386,743
$386.7K
Cap Rate 9%
$300,800
$300.8K
Market Conditions
NOI Build-Up for 1,899 SF
Gross rent
$50.1K $26.40/SF
− Vacancy
−$14.0K −$7.39/SF
EGI
$36.1K $19.01/SF
− OpEx
−$9.0K −$4.75/SF
NOI
$27.1K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,440
Cap Rate 7%
$386,743
Cap Rate 9%
$300,800
Alternative Uses
Best Use
Office B
$386.7K
$338.4K – $451.2K
NOI $27,072 @ 7.0% cap · market cap 4.52%
Second Best
Healthcare Medical
$359.4K
$314.5K – $419.3K
NOI $25,158 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$729.2K
$638.1K – $850.8K
NOI $51,045 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60062, IL
42,751
Population
17,892
Households
2.4
Avg Household Size
48
Median Age
71%
College-Educated
96%
High-School Grad
18.9 sq mi
ZIP Area
2,262
Density / Sq Mi
$142,759
Median Household Income
$77,188
Median Earnings
$1,921
Median Rent
$625,800
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Cook County, IL
Properties on Market for Medical Office Space in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office condo in Northbrook ready for immediate use.
Where is this medical office space located?
The property is located at 105 Revere Dr Northbrook, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Turnkey medical office condo ready for immediate use.; Built‑out layout including open treatment area, private exam rooms, and office.; Dedicated X‑ray room.
