3633 Lake AveGlenview, IL 60026

  • Office properties
  • 4.73 AC
For Sale

Property Details for 3633 Lake Ave

Year built
1986
Lot size
4.73 AC
Property type
Office properties
Property subtype
Office buildings
APN
04-28-300-029
APU
428300029

Description

This exceptional five-story, 83,985-square-foot medical office building in Glenview, Illinois, offers 15 available spaces ranging from 428 to 4,381 contiguous square feet. Located at 3633 W Lake Ave, 60026, in Cook County, this well-maintained property boasts a newly remodeled lobby with power-operated entry doors and a digital tenant directory. Amenities include ample parking (including handicapped-accessible spaces in two lots), an on-site daycare facility, a tenant lounge with vending machines, and private record storage. The building features two elevators with a monthly service contract, and restrooms on each floor are cleaned three times daily. Enjoy convenient access to Monday-Saturday trash removal, a tenant mailbox bank, and an on-site mail pickup box. The building benefits from hands-on management and an on-site building engineer, ensuring responsiveness to tenant needs. Many tenants have enjoyed long-term occupancy (20-25 years). The building's prime suburban location offers water views from many suites and parking lots, and is conveniently situated near NorthShore University HealthSystem-Glenbrook Hospital (two blocks away), Willow and Tri-State Tollways (10 minutes), and a 15-minute bus ride from the Lehigh/Glenview Metra Station. Nearby dining, essential services, and train access further enhance its appeal. Ideal for medical, dental, or general office uses.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $62,021,144
    6.5%
    $57,250,284
    7%
    $53,160,980
  • Comparable approach

    Method
    Valuation
    Relative Method
    $26,836,580
    Geo Method
    $26,836,580
  • Alternative Use

    Use
    Valuation
    Residential
    $70,990,352
    Hospitality
    $65,026,784
    Educational
    $54,101,520
    Medical
    $55,962,156
    Retail
    $84,157,920
3633 Lake Ave, Glenview, Illinois
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Location Insight

City
Glenview
County
Cook
State
Illinois
Latitude
42.0862
Longitude
-87.8471
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$447,146
$449,403
$1,629,410
$2,078,813
-
$1,797,612
$6,517,640
$8,315,252

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