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Office Building For Sale
For Sale
$4,300,000

1870 Elmdale Ave, Glenview, IL 60026

For-sale office building with approximately 44,458 SF of space.

Property Size44,458 SF
Price / SF$96.72
Days on Market147

Property Features for 1870 Elmdale Ave

General Information

Standard status Active
Size 44,458 SF
Property subtype Warehouse

Amenities

Fully Occupied, 44,458-Square-Foot Net Lease Industrial Asset Situated on 2.13 Acres
Zoned I-2, Featuring Masonry Construction, 21' Clear Height, One Grade Door, Four Dock Doors, and Heavy Power with 800a and 277/480v
Approximately 9.5 Years of Lease Term Remaining at $6.70/ Square Foot Triple Net with Three Percent Escalations, Generating 7.01 Percent Cap Rate | One Five-Year Renewal Option at Fair Market Value
Occupied by Lakeshore Academy, Leading Gymnastics School in Chicago Area for Four Decades
Well-Positioned in Proximity to I-294 & I-94, 10 Miles from O'Hare Airport and 24 Miles from Downtown Chicago
Outperforming North Cook Submarket: 4.5 Percent Rent Growth in Q2 2026 vs. 1.7 Percent National Averages

Building Details

Building Size 44,458 SF
Year Built 1983
Listed By: Alexander Zlotnik · License #License(s): IL: 475212760
Source: Marcusmillichap
Added: Apr 14 Changed: Sep 7 Last Checked: Sep 7 at 4:59AM

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 Alexander Zlotnik

Investment Insights

Based on property information with market context.

This for-sale office building offers approximately 44,458 SF of space and is presented as a commercial real estate office asset.

The property is located at 1870 Elmdale Ave in Glenview, Illinois.

For buyers seeking a sizable office platform, the building’s overall size provides flexibility for a range of office configurations, subject to applicable leasing and permitting requirements.

Key Highlights

  • For‑sale office building offering approximately 44,458 SF of space
  • Office property with 44,458 SF total building area

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Building Supply Law Firm Big Box & Wholesale Store Hair Salon Auto Parts Store

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

560
Businesses Nearby

Demographics for 60026, IL

14,518
Population
5,932
Households
2.4
Avg Household Size
49
Median Age
68%
College-Educated
97%
High-School Grad
4.1 sq mi
ZIP Area
3,541
Density / Sq Mi
$157,712
Median Household Income
$97,530
Median Earnings
$1,983
Median Rent
$663,100
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 - For-sale office building with approximately 44,458 SF of space.
Where is this office building located?
The property is located at 1870 Elmdale Ave Glenview, IL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: For‑sale office building offering approximately 44,458 SF of space; Office property with 44,458 SF total building area
More about this property
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