900 Shr Dr Lake Bluff, IL 60044
- Office Properties & Spaces
- 45,018 SF
- 3.18 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 900 Shr Dr
- Year built
- 1978
- Lot size
- 3.18 lot acres
- Property size
- 45,018 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a two-building, 45,018 square foot Class B multi-tenant office complex situated on a 3.18-acre lot at 900 N Shore Dr, Lake Bluff, IL 60044. Built in 1978, the property boasts a 94% occupancy rate and generates a substantial Net Operating Income (NOI) of approximately $354,035.41. The property features 152 parking spaces (4.67 per 1,000 square feet), keycard security, 24-hour access, and a shared conference/lunch room. Its strategic location offers easy access to US Route 41, Interstate 94, and the Lake Bluff Metra station. The L-1 zoned property benefits from its proximity to a wealth of amenities, including Northwestern Medicine Lake Forest Hospital, several schools, and a wide array of national and local retailers such as Target, Heinen's Grocery Store, Walgreens, and numerous restaurants. The affluent Lake Bluff location, part of the North Shore, boasts an average household income exceeding $178,000 within a one-mile radius, ensuring strong tenant demand and long-term value. This property represents a compelling investment opportunity with significant upside potential due to its strong cash flow, prime location, and desirable amenities. Low Lake County taxes further enhance its attractiveness.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Bluff
- County
- Lake
- State
- Illinois
- Longitude
- -87.8674
- Latitude
- 42.2733
