Light Industrial
For Sale
$5,500,000
3048-3090 North Lake Terrace, Glenview, IL 60026
M1-2-zoned industrial property with multiple buildings, tenant parking, signage, and highway access in Glenview’s north suburban market.
Property Size84,825 SF
Price / SF$64.84
Days on Market52
Property Features for 3048-3090 North Lake Terrace
General Information
Standard status
Active
Size
84,825 SF
Property subtype
Industrial
Zoning
M1-2
Occupancy
100%
Building Details
Building Size
84,825 SF
Units
5
Listing Agency:
Coldwell Banker Realty
Listed By:
Sheryl Fisher · License #475168539
(312) 988-9070
Source:
Cbcworldwide
Added: Aug 30
Changed: Oct 11
Last Checked: Oct 19 at 3:14AM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This light industrial complex comprises 84,825 square feet across more than 4 acres at 3048-3090 North Lake Terrace. The property is zoned M1-2 and includes adequate tenant parking and site signage. The complex is fully leased, with upcoming space that may accommodate an owner-user while maintaining existing occupancy.
The site is located in Glenview’s north suburban market, adjacent to The Glen and near the intersection of Willow Road and Lake Avenue. Highway access supports connections throughout the surrounding area.
The site is located in Glenview’s north suburban market, adjacent to The Glen and near the intersection of Willow Road and Lake Avenue. Highway access supports connections throughout the surrounding area.
Key Highlights
- 84,825 SF light industrial complex on more than 4 acres
- M1‑2 zoning
- Fully leased with upcoming space for an owner‑user
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$365,143
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,302,860
$7.3M
Cap Rate 7%
$5,216,329
$5.2M
Cap Rate 9%
$4,057,144
$4.1M
Market Conditions
NOI Build-Up for 84,825 SF
Gross rent
$549.7K $6.48/SF
− Vacancy
−$28.0K −$0.33/SF
EGI
$521.6K $6.15/SF
− OpEx
−$156.5K −$1.84/SF
NOI
$365.1K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,302,860
Cap Rate 7%
$5,216,329
Cap Rate 9%
$4,057,144
Alternative Uses
Best Use
Industrial
$5.22M
$4.56M – $6.09M
NOI $365,143 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$29.29M
$25.63M – $34.17M
NOI $2,050,034 @ 7.0% cap · market cap 37.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - M1-2-zoned industrial property with multiple buildings, tenant parking, signage, and highway access in Glenview’s north suburban market.
Where is this industrial property located?
The property is located at 3048-3090 North Lake Terrace Glenview, IL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 84,825 SF light industrial complex on more than 4 acres; M1‑2 zoning; Fully leased with upcoming space for an owner‑user
