2801 Lakeside DrBannockburn, IL 60015

Property Details for 2801 Lakeside Dr

Year built

1985

Construction

BRICK

Lot size

7.14 AC

Property type

Office properties

Property subtype

Office buildings

APN

16-18-300-022

APU

1618300022

Description

This exceptional Class A office building, Corporate North @ 2801 Lakeside Drive in Bannockburn, Illinois, offers 98,680 square feet of prime executive office space. Situated on a 7.14-acre lot, this three-story building boasts a convenient 4.00 parking spaces per 1,000 square feet ratio. Built in 1984, the property is zoned O and is located in Lake County (zip code 60015). Multiple tenancy options are available, with spaces ranging from a minimum of 1,174 square feet to a maximum of 5,091 square feet, catering to a variety of business needs. The building's prime location within the North Suburban Chicago sub-market provides excellent accessibility and visibility. Its impressive size and amenities make it an ideal location for businesses seeking a prestigious and functional workspace. The property's excellent condition and desirable location make it a strong investment opportunity. Contact us today to learn more about available suites and leasing options within this exceptional office building. This is a rare opportunity to secure space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $56,157,992

  6.5%

  $51,838,148

  7%

  $48,135,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,575,538

  Geo Method

  $40,510,096

• Alternative Use

  Use

  Valuation

  Residential

  $64,279,300

  Hospitality

  $58,879,496

  Educational

  $48,987,048

  Medical

  $50,671,788

  Retail

  $76,202,072

Location Insight

City

Bannockburn

County

Lake

State

Illinois

Latitude

42.2031

Longitude

-87.8838

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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