Retail Property with Central
611 Milwaukee Ave, Glenview, IL 60025
For Sale
$2,000,000
Built in 2009, the property has central air conditioning.
Property Size8,770 SF
Price / SF$228.05
Days on Market47
Property Features for 611 Milwaukee Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
Jamie Lemmons-Svoboda · License IL #475162394
(847) 606-9045
Source:
Bktchicago
Added: Sep 26
Changed: Nov 9
Last Checked: Oct 7 at 1:17PM
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 Keller Williams Preferred Rlty
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Investment Insights
Based on property information with market context.
This retail property was built in 2009 and includes central air conditioning. It is located at 611 Milwaukee Avenue in Glenview, Illinois, on the east side of Milwaukee Avenue, just north of Central Road.
Key Highlights
- Retail property built in 2009
- Central air conditioning
- East side of Milwaukee Avenue, just north of Central Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,353
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,467,060
$2.5M
Cap Rate 7%
$1,762,186
$1.8M
Cap Rate 9%
$1,370,589
$1.4M
Market Conditions
NOI Build-Up for 8,770 SF
Gross rent
$192.6K $21.96/SF
− Vacancy
−$16.4K −$1.87/SF
EGI
$176.2K $20.09/SF
− OpEx
−$52.9K −$6.03/SF
NOI
$123.4K $14.07/SF
Area
Cook County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,467,060
Cap Rate 7%
$1,762,186
Cap Rate 9%
$1,370,589
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.06M
NOI $123,353 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,738 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Paris Baguette
Dining
16,458 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,385 visits/mo
0.2 miles
BP
Shops & Services
4,466 visits/mo
0.3 miles
Kung Fu Tea
Dining
4,350 visits/mo
0.1 miles
Demographics for 60025, IL
41,256
Population
16,815
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
96%
High-School Grad
10.5 sq mi
ZIP Area
3,929
Density / Sq Mi
$119,639
Median Household Income
$59,789
Median Earnings
$1,705
Median Rent
$512,400
Median Home Value
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Market
Average Price Trend$/SF for Strip malls in Cook County, IL
Properties on Market for Strip malls in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Built in 2009, the property has central air conditioning.
Where is this strip mall located?
The property is located at 611 Milwaukee Ave Glenview, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Retail property built in 2009; Central air conditioning; East side of Milwaukee Avenue, just north of Central Road
