Ground Lease Retail
For Lease
Contact for pricing
1977 Cherry Ln, Northbrook, IL 60062
Meadow Shopping Plaza redevelopment offers two outparcels for ground lease or build-to-suit in downtown Northbrook.
Space Size75,359 SF
Days on Market173
Property Features for 1977 Cherry Ln
General Information
Standard status
Active
Size
75,359 SF
Total Parking Spaces
72
Property subtype
Land
Building Details
Building Size
5,500 SF
Tenancy
Single
Spaces For Lease
at 1977 Cherry Ln Contact us- Size
- 75,359 SF
- Type
- Land
- Availability
- Active
Available Space
Listing Agency:
Brookline Real Estate
Listed By:
Dominick Cannata · License #IL 00000
(630) 590-5910
Source:
Crexi
Added: Mar 19
Changed: Aug 23
Last Checked: Sep 7 at 5:40AM
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 Brookline Real Estate
Investment Insights
Based on property information with market context.
This offering includes a complete redevelopment of Meadow Shopping Plaza in downtown Northbrook, part of a larger development that also includes three luxury residential buildings with 50 units each. As part of the project, two approximately one-acre outparcels are available for either ground lease or build-to-suit.
The site is two blocks from the Northbrook Metra train stop and about one mile from I-94. The redevelopment location is adjacent to Sunset Foods, which reportedly draws 495,000 annual shoppers (placer.ai).
For tenants or developers looking for new construction flexibility, the availability of two outparcels within a fully redeveloped retail setting supports a range of build-to-suit and ground lease configurations.
The site is two blocks from the Northbrook Metra train stop and about one mile from I-94. The redevelopment location is adjacent to Sunset Foods, which reportedly draws 495,000 annual shoppers (placer.ai).
For tenants or developers looking for new construction flexibility, the availability of two outparcels within a fully redeveloped retail setting supports a range of build-to-suit and ground lease configurations.
Key Highlights
- Meadow Shopping Plaza redevelopment in downtown Northbrook
- Two ~1‑acre outparcels available for ground lease or build‑to‑suit
- Part of a larger development including 3 luxury residential buildings with 50 units each
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Midwest region
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Similar Off Market Nearby
- Meadow Shopping Plaza Shopping Center — Cherry Ln, Northbrook, IL 60062
Frequently Asked Questions
What type of property is this?
Shopping center - Meadow Shopping Plaza redevelopment offers two outparcels for ground lease or build-to-suit in downtown Northbrook.
Where is this shopping center located?
The property is located at 1977 Cherry Ln Northbrook, IL.
What are key features of this property?
This property features: Meadow Shopping Plaza redevelopment in downtown Northbrook; Two ~1‑acre outparcels available for ground lease or build‑to‑suit; Part of a larger development including 3 luxury residential buildings with 50 units each
