Multi-Tenant Office
155 Revere Dr Northbrook, IL 60062
For Sale
Contact for pricing
Modern, well-maintained multi-tenant office building with flexible floor plans and ample on-site parking.
Property Size17,183 SF
Price / SF$125.12
Days on Market64
Property Features for 155 Revere Dr
General Information
- Standard status
- Active
- Size
- 17,183 SF
- Property subtype
- OFFICE
Listing Agency:
Jameson Commercial
(312) 840-9002
Listed By:
Steven Goldstein
Source:
Moodyscre
Added: May 25
Changed: Jul 25
Last Checked: Jul 26 at 1:45PM
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
Investment Insights
Based on property information with market context.
This multi-tenant office building totals 17,183 square feet and is described as modern and well-maintained. The property offers flexible floor plans designed to accommodate a range of business needs, supported by a dedicated property management and maintenance team.
The property is zoned I-1, supporting flexible use options. It also provides ample parking for tenants and visitors, and is positioned in proximity to major transportation routes. High-speed internet and advanced communication infrastructure are identified as available at the building.
Overall, the building presents a well-managed office setup with flexible interior configurations and parking, aligned with its I-1 zoning for versatile occupancy planning.
The property is zoned I-1, supporting flexible use options. It also provides ample parking for tenants and visitors, and is positioned in proximity to major transportation routes. High-speed internet and advanced communication infrastructure are identified as available at the building.
Overall, the building presents a well-managed office setup with flexible interior configurations and parking, aligned with its I-1 zoning for versatile occupancy planning.
Key Highlights
- 17,183 SF multi‑tenant office building
- Zoned I‑1 for flexible use options
- Modern, well‑maintained facility
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 | $216.5k | $12.60 |
| − Vacancy | −$34.6k | −$2.02 |
| EGI | $181.9k | $10.58 |
| − OpEx | −$45.5k | −$2.65 |
| NOI | $136.4k | $7.94 |
17,183 SF · lease $12.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,399 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$3.43M
$3.00M – $4.00M
NOI $240,278 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Modern, well-maintained multi-tenant office building with flexible floor plans and ample on-site parking.
Where is this office building located?
The property is located at 155 Revere Dr Northbrook, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 17,183 SF multi‑tenant office building; Zoned I‑1 for flexible use options; Modern, well‑maintained facility
