3482-3494 Milwaukee Ave Northbrook, IL 60062
- Retail properties
- 8,800 SF
- 0.69 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3482-3494 Milwaukee Ave
- Year built
- 1982
- Lot size
- 0.69 lot acres
- Property size
- 8,800 SF
- Property type
- Retail properties
Description
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.
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
- Northbrook
- County
- Cook
- State
- Illinois
- Longitude
- -91.3952
- Latitude
- 39.9421
