Property profile

900 Shr Dr Lake Bluff, IL 60044

OFF-MARKET
Office Spaces
45,018 SF 3.18 ac lot Built 1978
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1978
Total area 45,018 SF
Lot 3.18 ac (138,521 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

900 Shr Dr Lake Bluff, IL 60044
Lake Bluff metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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