1921 Lake Ave Wilmette, IL 60091
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.