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    Property profile & analytics

    2985 Shermer Rd Northbrook, IL 60062

    • Land
    • 116,262 SF
    • 2.67 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2985 Shermer Rd

    Lot size
    2.67 lot acres
    Property size
    116,262 SF
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2.67-acre industrial land parcel, located at 2985 Shermer Road in Northbrook, Illinois (zip code 60062), presents a compelling investment opportunity. The property boasts a total area of 116,262 square feet, priced at $15.48 per square foot, with an asking price of $1,800,000. Its strategic corner location offers excellent visibility and accessibility, with frontage on both Shermer Road and Old Willow Road. The site presents significant potential for various industrial uses, including trailer parking and substantial outdoor storage. The property's proximity to major transportation arteries is a key advantage. It benefits from convenient access to full interchanges at I-294 and I-94/Route 41, ensuring efficient logistics and transportation for any business operating from this location. Situated in Cook County, this property offers a rare combination of size, location, and potential, making it an ideal investment for developers and businesses seeking a strategic foothold in the thriving Northbrook industrial market. The property is zoned for industrial use.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Cook
    State
    Illinois
    Longitude
    -87.8291
    Latitude
    42.0987

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    2985 Shermer Rd
    Northbrook, IL 60062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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