Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Furnished Class A Office Space Title is generated by Realmo AI

    3160 Commercial Ave, Northbrook, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,500 SF Class A office space with furniture included.

    Type:OFFICE
    Property size:
    5,500 SF
    Lot size:
    1.27 Acres
    Added:
    Dec 9, 2023
    Days on Market:
    895
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 3160 Commercial Ave

    General Information

    Standard status
    Active
    Size
    5,500 SF
    Lot size
    1.27 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3160 Commercial Ave Contact us

    We can help!

    Listing Contact
    John Stocco
    John Stocco

    Listing agent John Stocco License #475194059

    Listing office Jameson Commercial

    Listing date Dec 9, 2023

    Source Moodyscre

    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 Jameson Commercial

    HighLights

    • 5,500 square feet of Class A office space.
    • Includes furniture and workstations.
    • Six private offices and furnished conference room.
    • Well‑appointed lunchroom.
    • Convenient location in Sky Harbor Business Park.
    • Immaculately maintained and fully sprinklered building.

    Overview

    This 5,500 square feet of Class A office space offers an exceptional working environment. The space is complete with furniture and workstations. It features six private offices, a furnished conference room, and a well-appointed lunchroom. The building is fully sprinklered and immaculately maintained. This property is located in Sky Harbor Business Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Adams
    State
    Illinois
    Longitude
    -91.3951694
    Latitude
    39.9420653

    Nearby Similar for Lease

    • $129-$3,341/Mo
      11-1,292 SF

      Northbrook Botanic Gardens

      707 Skokie Blvd, Unit 600, Northbrook, IL 60062
      View Details
    • Sponsored
      $129-$3,257/Mo
      11-1,292 SF

      One Northbrook Place

      5 Revere Dr, Unit 200, Northbrook, IL 60062
      View Details
    • $20 SF/Yr
      5,639 SF

      Class A Office Sublease

      Move-in ready, fully furnished office space in Northbrook.
      400 Skokie Boulevard, Northbrook, IL 60062
      View Details
    • $14 SF/Yr
      4,212 SF

      Remodeled Flex-Industrial Suite

      Newly remodeled flex-industrial suite with customizable mezzanine office and conference room.
      600 Waukegan Rd , Northbrook, IL 60062
      View Details
    • $20 SF/Yr
      1,418 SF

      Northbrook Professional Office Suites Available

      Professional office suites for lease in Northbrook, Illinois.
      950 Skokie Boulevard, Northbrook, IL 60062
      View Details
    • $10 SF/Yr
      21,744 SF

      Northbrook Flex Space with Showroom

      21,744 SF flex building with showroom and cooler.
      333 Anthony Trail, Northbrook, IL 60062
      View Details
    • $20 SF/Yr
      1,485 SF

      Functional Flex Space in Northbrook

      1,485 sq ft flex space with utilities included.
      640 Anthony Trail, Northbrook, IL 60062
      View Details
    • $19 SF/Yr
      187,509 SF

      Renovated Class A Office Complex

      Class A office complex with modern amenities and convenient location.
      630-650 Dundee Road , Northbrook, IL 60062
      View Details
    • Contact for pricing

      Retail Space in Northbrook Center

      Retail spaces for lease with high traffic and ample parking.
      2720-2780 Dundee Road, Northbrook, IL 60062
      View Details
    • $40 SF/Yr
      18,000 SF

      Medical Office Space Available

      Medical office space with exam rooms, waiting area, and nursing station.
      1220 Meadow Road, Northbrook, IL 60062
      View Details
    • $10 SF/Yr
      21,744 SF

      Northbrook Industrial Building with Showroom

      21,744 SF building with 10,000 SF showroom for rent.
      333 Anthony Trail, Northbrook, IL 60062
      View Details
    • Contact for pricing

      Northbrook Office Space For Rent

      Office building in Northbrook, close to transportation and amenities.
      2215 Sanders Road, Northbrook, IL, 60062
      View Details

    FAQs

    What type of property is this?
    Office units - 5,500 SF Class A office space with furniture included.
    Where is this office units located?
    The property is located at 3160 Commercial Ave Northbrook, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 5,500 square feet of Class A office space.; Includes furniture and workstations.; Six private offices and furnished conference room.
    (312) 216-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Stocco
    John Stocco
    Real Estate License ID: 475194059
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3160 Commercial Ave, Northbrook, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!