Listing Agency: @properties Commercial Chicago m***@atproperties.com Show Phone

Listed By: Dan Stratis · License #IL 471015636

Source: Crexi

Added: Apr 12 Changed: Aug 15 Last Checked: Aug 20 at 9:46AM

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Investment Insights

Based on property information with market context.

This investment opportunity features a 4,970 square foot free-standing commercial office building located at 26-30 Green Bay Road in Winnetka, Illinois. The property is leased to @properties, a real estate brokerage firm. A modified gross lease is in place that expires in June 2028, featuring 2.5% annual increases. @properties will sign an amendment to the lease at closing extending the base term for a full 7 years. Additionally, there are 3 five-year options to renew the lease. The tenant is responsible for real estate taxes exceeding $38,570.65 and all CAM charges. The net annual income is currently $159,847. Established in 2000, @properties has over 40 offices and 3,000 + agents throughout the Chicagoland area as well as in Michigan, Indiana, and Wisconsin. In 2020, it began franchising its brand throughout the country.

Key Highlights

• Long‑term lease with @properties, expiring June 2028
• Lease amendment extends the base term for 7 years, plus 3 five‑year renewal options
• Net annual income of $159,847

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Nail Salon Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

588

Businesses Nearby

Explore this area Business Placement

Demographics for 60093, IL

20,691

Population

7,833

Households

2.6

Avg Household Size

42

Median Age

82%

College-Educated

98%

High-School Grad

8.4 sq mi

ZIP Area

2,463

Density / Sq Mi

$230,777

Median Household Income

$90,290

Median Earnings

$1,840

Median Rent

$1,073,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Freestanding office building leased to @properties with long-term lease.

Where is this office building located?

The property is located at 26-30 Green Bay Road Winnetka, IL.

What are key features of this property?

This property features: Long‑term lease with @properties, expiring June 2028; Lease amendment extends the base term for 7 years, plus 3 five‑year renewal options; Net annual income of $159,847