1132 Waukegan RdGlenview, IL 60025

Property Details for 1132 Waukegan Rd

Year built

1966

Lot size

0.50 AC

Property size (Sq ft)

9,266 SF

Property type

Retail properties

Property subtype

Retail space

APN

04-35-206-046

APU

435206046

Description

This exceptional executive office building at 1132 Waukegan Rd, Glenview, IL 60025, is offered for sale at $2,900,000. The property consists of 1 square foot of office space and presents a unique redevelopment opportunity. Its strategic location in the heart of downtown Glenview offers unparalleled convenience. A significant advantage is the inclusion of an adjacent lot, expanding development possibilities. The building benefits from its proximity to a variety of restaurants and is just a 5-minute walk from the Glenview Metra station, providing excellent commuter access. The area is experiencing significant growth, with several new apartment buildings recently constructed nearby. Furthermore, city funds are available for redevelopment projects, making this an attractive investment for those seeking to capitalize on Glenview's thriving market. The property's Cook County location and its address at 1132 Waukegan Rd offer a strong foundation for future development or renovation. This is a rare opportunity to acquire a property with significant upside potential in a highly desirable location. The square footage is currently listed as 1 square foot, however, further details regarding the actual usable space should be verified independently.

• CAP approach

  CAP return

  Valuation

  6%

  $4,100,152

  6.5%

  $3,784,756

  7%

  $3,514,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,041,379

  Geo Method

  $3,041,379

• Alternative Use

  Use

  Valuation

  Residential

  $3,192,583

  Hospitality

  $2,924,389

  Educational

  $2,433,057

  Medical

  $2,516,734

  Retail

  $3,784,756

Location Insight

City

Glenview

County

Cook

State

Illinois

Latitude

42.0749

Longitude

-87.7993

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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