Northbrook Mixed-Use Investment
For Sale
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1310 Shermer Road, Northbrook, IL 60062
Mixed-use property with commercial and residential components in affluent Northbrook.
Property SizeContact for details
Days on Market138
Property Features for 1310 Shermer Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
(913) 909-9529
Listed By:
Dominic Soltero · License #IL 475160621
(913) 909-9529
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 2:39PM
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 Dominic Soltero
Investment Insights
Based on property information with market context.
Located at the signalized intersection of Shermer Road and Meadow Road in Northbrook, Illinois, the Village Green Shopping Center is a mixed-use commercial and residential property. The property features a mix of service-based tenants with an average tenure of more than 18 years, a multifamily component comprised of 10 luxury apartments, and a 200-stall parking lot. The asset has been under the same ownership for the last 34 years and is in excellent condition, due to proactive maintenance and capital expenditure investments. The property is the central building in downtown Northbrook on Shermer Road, directly across from Village Green Park in the heart of Northbrook's central business district. The shopping center has more than 133,000 annual visitors, and average annual incomes exceed $230,000 within a one-mile radius. The property benefits from access, as it is steps away from the Metra train station and Pace Bus Route. The property is currently 94.8% occupied and features 25 distinct commercial tenants in a variety of service-based industries, plus 10 high-end residential apartments. Lease expirations are spread out through 2033. The property offers investors the potential to generate upside with rent growth and converting Gross leases to NNN.
Key Highlights
- Located in affluent Northbrook, IL, with high average annual incomes and a strong community feel.
- Stabilized asset with diversified tenant mix and high occupancy (94.8%), providing an attractive income stream.
- Strong operating history with year‑over‑year gross revenue and net profit growth.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 60062, IL
42,751
Population
17,892
Households
2.4
Avg Household Size
48
Median Age
71%
College-Educated
96%
High-School Grad
18.9 sq mi
ZIP Area
2,262
Density / Sq Mi
$142,759
Median Household Income
$77,188
Median Earnings
$1,921
Median Rent
$625,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential components in affluent Northbrook.
Where is this mixed-use property located?
The property is located at 1310 Shermer Road Northbrook, IL.
What are key features of this property?
This property features: Located in affluent Northbrook, IL, with high average annual incomes and a strong community feel.; Stabilized asset with diversified tenant mix and high occupancy (94.8%), providing an attractive income stream.; Strong operating history with year‑over‑year gross revenue and net profit growth.
