For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Glenview Retail Investment Opportunity Title is generated by Realmo AI

    2195 Willow Rd, Glenview, IL 60025

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    181,024 SqFt retail space with 8.25% CAP rate.

    Type:Retail
    Property size:
    181,024 SF
    Price / SF:
    $190/SF
    Added:
    Feb 6, 2026
    Days on Market:
    141
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2195 Willow Rd

    General Information

    Standard status
    Active
    Size
    181,024 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1999

    We can help!

    Contact an agent
    Patrick Corrigan

    Listing office Mid-America Real Estate

    Listing date Feb 6, 2026

    Source Crexi

    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 Mid-America Real Estate

    HighLights

    • 8.25% CAP Rate
    • 181,024 SqFt of retail space
    • Retail Property
    • Year Built: 1999

    Overview

    This retail property, encompassing 181,024 square feet, is available for sale. The property is located in Glenview, IL. The property is being offered as an investment opportunity with a capitalized rate of 8.25%.

    Local Financial Insights For Retail

    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 $3.91M $21.60
    − Vacancy −$320.6k −$1.77
    EGI $3.59M $19.83
    − OpEx −$1.08M −$5.95
    NOI $2.51M $13.88
    181,024 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $35.89M
    $31.41M – $41.88M (±1% cap)
    NOI $2,512,642 @ 7.0% cap · market cap 7.28%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $62.50M
    $54.69M – $72.92M (±1% cap)
    NOI $4,374,953 @ 7.0% cap · market cap 12.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    ALDI Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8113356
    Latitude
    42.1019253

    FAQs

    What type of property is this?
    Retail space - 181,024 SqFt retail space with 8.25% CAP rate.
    Where is this retail space located?
    The property is located at 2195 Willow Rd Glenview, IL.
    What is the asking price?
    The asking price for this property is $34,500,000.
    What are key features of this property?
    This property features: 8.25% CAP Rate; 181,024 SqFt of retail space; Retail Property
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message