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Property profile & analytics
OFF-MARKET
Office Spaces

1921 Lake Ave Wilmette, IL 60091

1,000 SF Built 2001
Property ID
Property summary
AI-generated overview

This 1,000-square-foot Class B office condo, located at 1921 Lake Ave, Unit A, Wilmette, IL 60091, presents a unique investment opportunity. Built in 2001, this single-story building boasts a prime location with excellent visibility on Lake Avenue, experiencing 17,500 vehicles per day. The property features a desirable NR zoning designation and includes 20 parking spaces in a private lot, supplemented by ample street parking. The interior offers a well-maintained space with 12-foot ceilings, an attractive open foyer, three treatment rooms, a reception desk, and an ADA-compliant restroom. A previous medical build-out is in place, making it ideal for a variety of uses, including medical practices, clinics, dental offices, or other professional services. The unit is currently vacant with an occupancy date of October 16, 2024, and is offered at an asking price of $450,000. The property benefits from convenient access to public transportation and area expressways, as well as nearby shopping and amenities. The building also offers a prominent signage area for increased brand visibility. Power is supplied by a 200-amp service. This is an owner-user investment opportunity. All reasonable offers will be considered.

Property profile
Verified
Property type Office Spaces
Year built 2001
Total area 1,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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