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    310 Melvin Dr Northbrook, IL 60062

    Sponsored
    For Lease
    $15 SF/Yr

    Multiple units, 650-5,885 SF, great location.

    Lot size:
    2,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Northbrook, IL property at 310-340 Melvin Drive offers a diverse range of flexible warehouse and office spaces for lease. The building, constructed in 1981, is a single-story Class C structure totaling 41,606 square feet of currently vacant space. Multiple tenancy options are available, with unit sizes ranging from 650 to 5,885 square feet, catering to a variety of business needs. The property's functionality is enhanced by the inclusion of an on-site outdoor storage yard and garage, providing ample space for equipment and materials. The property is zoned I-1 and benefits from its strategic location in the rapidly growing suburb of Northbrook, offering convenient access to both O'Hare International Airport and commuter rail lines. With 90 total parking spaces available, this property presents a compelling opportunity for businesses seeking versatile and well-situated space in a thriving area. The property types include Industrial, Medical Office, Creative Office, and Traditional Office, making it suitable for a wide array of uses. The address is 310-340 Melvin Dr, Northbrook, IL 60062.

    Property Features for 310 Melvin Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,036 SF
    Class
    C

    Building Details

    Year Built
    1981
    Stories
    1

    Unit(s) available at that property

    Space
    310-19
    Size
    740 SF
    Rate per SF
    $15
    Space
    340-1
    Size
    1,296 SF
    Rate per SF
    $15

    HighLights

    • Ample storage space available.
    • Central air conditioning throughout.
    • Securely fenced lot.
    • Excellent signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Cook
    State
    Illinois
    Longitude
    -87.8514073
    Latitude
    42.1473697

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    FAQs

    What type of property is this?
    Office space - Multiple units, 650-5,885 SF, great location.
    Where is this office space located?
    The property is located at 310 Melvin Dr Northbrook, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Ample storage space available.; Central air conditioning throughout.; Securely fenced lot.
    Request Owner's contact information
    310 Melvin Dr Northbrook, IL 60062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Melvin Dr Northbrook, IL 60062
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