Property profile

3482-3494 Milwaukee Ave Northbrook, IL 60062

OFF-MARKET
Retail properties & Spaces
8,800 SF 0.69 ac lot Built 1982
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Property summary

AI-generated overview

This exceptional investment opportunity presents a stabilized, multi-tenant retail center in Northbrook, IL. Located at 3482-3494 Milwaukee Ave (APN 04-30-205-006-0000), this 8,800 square foot, single-story Class B building boasts a strong 8.22% cap rate at an asking price of $1,950,000. The property sits on a 0.69-acre lot zoned C-4, Northbrook, and offers ample parking (4.44 spaces per 1,000 sq ft), accommodating over 40 vehicles. Built in 1982, the well-maintained center features a diverse tenant mix including a sushi restaurant, massage salon, vape shop, hair salon, acupuncture clinic, dentist's office, and Mexican restaurant. Its high-visibility location along Milwaukee Avenue, at the edge of a major business and industrial district, benefits from significant foot traffic and proximity to major retail corridors, shopping centers, and residential areas. This established center presents a compelling opportunity for investors seeking a stable, high-performing retail asset in a desirable location. The property offers two points of access for enhanced convenience. A Walk Score of 67 indicates a somewhat walkable neighborhood.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1982
Total area 8,800 SF
Lot 0.69 ac (30,056 SF)

Cap rate & NOI

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

Location

3482-3494 Milwaukee Ave Northbrook, IL 60062
Northbrook 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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