Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2230-2300 Ridge Dr Glenview, IL 60025

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with high foot traffic and ample parking.

    Property size:
    2,565 SF
    Lot size:
    2.02 Acres

    Property Features for 2230-2300 Ridge Dr

    General Information

    Size
    2,565 SF
    Lot size
    2.02 Acres

    We can help!

    Listing Contact
    Tim Henry
    Tim Henry
    Source: Moodyscre

    Listing Agency: Avison Young | Suburban Chicago Listing Agent: Tim Henry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Glenview Office Space for Rent

    This office space, encompassing 2565 square feet, features floor-to-ceiling windows. The location provides access to a high-income, health-conscious audience with built-in foot traffic. Alma Padel offers various amenities, including lounge areas, bars and a cafe. Ample parking is available. The property is located a 5-minute walk to the Glenview Metra Station.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8141218
    Latitude
    42.0996018

    Nearby Similar for Lease

    • Contact for pricing

      Glenview Retail Space For Lease

      Combined storefront in a well-populated area, ready for occupancy.
      214 Greenwood Rd, Glenview, IL 60025
      View Details
    • Contact for pricing
      1,451 SF

      Glenview Retail Space For Lease

      Retail space in high-traffic building, suitable for various businesses.
      611 Milwaukee Ave, Glenview, IL 60025
      View Details
    • Contact for pricing

      Glenview Office Space Available 2025

      Professionally managed office space in Glenview, available Spring 2025.
      1545 Waukegan Rd, Glenview, IL 60025
      View Details
    • Sponsored
      New
      Contact for pricing

      Prairie Glen

      Discover many ways to work your way in Prairie Glen
      2700 Patriot Blvd, Glenview, IL 60026
      View Details
    • $27 SF/Yr

      Glenview Retail Storefront for Lease

      Charming 950 SF retail space in downtown Glenview, IL.
      1709 Glenview Rd, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Retail Space Available

      Retail space for lease in well-maintained Glenview shopping center.
      958 Harlem Ave, Glenview, IL 60025
      View Details
    • Contact for pricing
      10,000 SF

      Glenview Retail Space For Lease

      10,000 SF retail space in high-traffic Glenview location.
      2614 Golf Rd, Glenview, IL 60025
      View Details
    • $27 SF/Yr

      Glenview Retail Space For Lease

      Charming retail space in downtown Glenview, ideal for various businesses.
      1709 Glenview Rd, Glenview, IL 60025
      View Details
    • $10 SF/Yr
      3,000 SF

      Glenview Warehouse Suites For Lease

      Warehouse suites available in Glenview with flexible space.
      1805-3344 W Lake Ave, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Medical Practice Space Available

      Fully built-out dental/medical practice in premier Glenview location.
      2300 Lehigh Ave, Glenview, IL 60025
      View Details
    • $25 SF/Yr

      Glenview Medical Practice Space Available

      Fully built-out dental medical practice space in premier Glenview building.
      2300 Lehigh Ave, Glenview, IL 60025
      View Details
    • $12 SF/Yr

      Glenview Office Space For Rent

      Spacious 4,200 SF Glenview office, ideal for medical or professional use.
      1300 Waukegan Rd, Glenview, IL 60025
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with high foot traffic and ample parking.
    Where is this office units located?
    The property is located at 2230-2300 Ridge Dr Glenview, IL.
    What are key features of this property?
    This property features: - Access to a high-income, health-conscious audience with built-in foot traffic; - Alma Padel offers various amenities, including lounge areas, bars and a cafe; - Floor-to-ceiling windows provide great natural light
    (312) 957-7600 Call to check price and availability
    Request Owner's contact information
    2230-2300 Ridge Dr Glenview, IL 60025
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2230-2300 Ridge Dr
    Glenview, IL 60025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2230-2300 Ridge Dr Glenview, IL 60025
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Henry
    Tim Henry
    (312) 957-7600 (312) 273-9481
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!