1220 Meadow Rd Northbrook, IL 60062
Three-story office building in downtown Northbrook, 94% occupied.
Type:Retail, Office
Property size:
16,659 SFLot size:
1.00 Acre- Added:
- Jul 11, 2024
- Days on Market:
- 635
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1220 Meadow Rd
General Information
- Standard status
- Active
- Size
- 16,659 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1979
Listing agent John Abuja CCIM, SIOR License #IL 471.007675
Listing office Marcus & Millichap - Chicago Downtown
Listing date Jul 11, 2024
Source Crexi
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Overview
Northbrook Office Building Investment Opportunity
This three-story office building, totaling 18,000 square feet, is situated on almost one acre of land in downtown Northbrook, Illinois. Currently 94% occupied, the building features a diverse tenant mix, including five dental and orthodontic practices, a Huntington Bank retail lobby, and a local jewelry store. The property is located steps away from the Northbrook commuter rail station, village hall, the Northbrook library, and various restaurants and retailers. Ample parking is available on the north, west, and south sides of the building, with additional parking along the eastern Meadow Road frontage. Basement storage is available for rent to the building’s tenants. The single vacant suite, comprising 6% of the leasable area, is move-in-ready medical space with sinks and corner windows. Ownership is currently entertaining RFPs for a potential new tenant, which would make the building 100% occupied. The location in downtown Northbrook may also be viewed as a long-term covered land play.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Northbrook
- County
- Adams
- State
- Illinois
- Longitude
- -87.8406
- Latitude
- 42.1255
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Three-story office building in downtown Northbrook, 94% occupied.
Where is this office building located?
The property is located at 1220 Meadow Rd Northbrook, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Prime downtown Northbrook location, steps from commuter rail, village hall, library, restaurants and retailers.; Strong and stable tenant base with longstanding dental/orthodontic practices and a Huntington Bank branch.; High occupancy rate of 94% with potential to reach 100% occupancy with a new tenant for the vacant medical suite.
