Glenview Office Building on
For Sale
Contact for pricing
1245 N Milwaukee Ave, Glenview, IL 60025
37,500 SF office building with value-add potential.
Property Size37,500 SF
Lot Size4.50 Acres
Days on Market668
Property Features for 1245 N Milwaukee Ave
General Information
Standard status
Active
Size
37,500 SF
Lot size
4.50 Acres
Property subtype
Office
Zoning
I-1
Investment Type
Redevelopment
Building Details
Year Built
1984
Buildings
1
Stories
3
Listing Agency:
Versa Real Estate Services
Listed By:
Ryan Moen · License #IL 471011256
(630) 480-6346
Source:
Crexi
Added: Nov 4, 2024
Changed: Aug 16
Last Checked: Sep 3 at 9:10AM
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 Versa Real Estate Services
Investment Insights
Based on property information with market context.
The property at 1245-1247 Milwaukee Avenue is a 37,500 SF office building constructed in 1984. Situated just south of West Lake Avenue, the three-story building benefits from high visibility, with 28,000 vehicles passing daily. Currently 25% leased, the property presents a value-add investment opportunity. Physical improvements can enhance the property’s value by increasing occupancy to market levels. Multiple signage options on Milwaukee Avenue are available and under-utilized, providing further potential for visibility. The property features 4.5 acres of land and is ideally positioned for future development. The site is in close proximity to key amenities, including ABT Electronics, Glencoe Estate Condominiums, and various retail and residential areas along Milwaukee Avenue. The building is classified as Limited Commercial (I-1), allowing for a diverse array of commercial and residential uses, including multi-family units, exhibition halls, medical clinics, urgent care facilities, and research laboratories.
Key Highlights
- Value‑add investment opportunity through increased occupancy via physical improvements.
- 4.5 acres of land ideal for future development.
- High visibility location on Milwaukee Avenue with 28,000 vehicles passing daily.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 37,500 SF office building with value-add potential.
Where is this office building located?
The property is located at 1245 N Milwaukee Ave Glenview, IL.
What are key features of this property?
This property features: Value‑add investment opportunity through increased occupancy via physical improvements.; 4.5 acres of land ideal for future development.; High visibility location on Milwaukee Avenue with 28,000 vehicles passing daily.
