Modern Office Building in
739 North Avenue Glendale Heights, IL 60137
739 North Avenue, Glendale Heights, IL, 60137
$2,900,000
For Sale
$2,900,000
14,517 SF office building constructed in 2005, prime owner/user opportunity.
Property Size14,517 SF
Price / SF$199.77
Days on Market175
Property Features for 739 North Avenue
General Information
- Standard status
- Active
- Size
- 14,517 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agency
Sperry Van Ness
(224) 723-2528
Listed by
Lina Adamis · License #475146577
(224) 723-2528
Source
Svnchicago
Added: Jan 27 Updated: Jul 6 at 10:10AM Checked: Jul 21 at 3:48AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
Located at 739 North Avenue in Glendale Heights, IL, this 14,517 SF office building presents an owner/user opportunity. Constructed in 2005, the property features a modern design and functionality, providing ample office space. The building benefits from contemporary amenities and a well-maintained interior, enhanced by its curb appeal. Situated in Glendale Heights, the location provides access to dining, retail destinations, and green spaces. High-traffic thoroughfares and public transit options ensure connectivity for employees and visitors.
Key Highlights
- Modern 14,517 SF office building constructed in 2005.
- Prime owner/user opportunity.
- Strategic location in Glendale Heights with easy access to amenities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $355.4k | $24.48 |
| − Vacancy | −$88.5k | −$6.10 |
| EGI | $266.9k | $18.38 |
| − OpEx | −$66.7k | −$4.60 |
| NOI | $200.2k | $13.79 |
14,517 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.86M
$2.50M – $3.34M
NOI $200,166 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.01M
$4.39M – $5.85M
NOI $350,844 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Freight Management, Inc
Logistics Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 14,517 SF office building constructed in 2005, prime owner/user opportunity.
Where is this office building located?
The property is located at 739 North Avenue Glendale Heights, IL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Modern 14,517 SF office building constructed in 2005.; Prime owner/user opportunity.; Strategic location in Glendale Heights with easy access to amenities.
