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Property profile & analytics

450 Skokie Blvd Northbrook, IL 60062

  • Office Properties & Spaces
  • 7.88 lot acres
Value Estimation
Location Intelligence
Property ID
US28-1023647
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office Properties & Spaces

Property Details for 450 Skokie Blvd

Year built
1986
Lot size
7.88 lot acres
Property type
Office Properties & Spaces
APN
04-02-400-005-1004
APU
4024000051004

Description

This exceptional single-story office condo in Northbrook, Illinois, offers 5,295 square feet of meticulously finished space, ideally suited for owner-occupancy or investment. Currently divided into two suites (approximately 1,375 and 3,920 square feet), both are available for lease, or the entire property can be purchased. The smaller suite is currently leased on a short-term basis, generating annual rent of $25,369. The larger space is immediately available. Located at 450 Skokie Blvd, this property boasts a prime location in a highly sought-after area, conveniently situated near I-94, abundant shopping and dining options, and the entire North Shore/North Suburban Chicago market. Built in 1975 and extensively renovated in 2014, this property is part of an 11-building office condo development, offering a beautiful, tree-lined setting with a stream and serene outdoor space. The property sits on a 343,253 square foot lot and is zoned C-5. Cook County APN is 04-02-400-005-1019. The surrounding area is affluent, with a 3-mile radius boasting average household incomes exceeding $172,000 annually and average home prices over $630,000. The property's proximity to the new NorthShore 770 development, featuring popular retailers like Mariano's and Chipotle, further enhances its desirability. This is a rare opportunity to acquire a high-quality office space in a thriving Northbrook location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $280,000
  • CAP approach

    CAP return
    Estimation
    6%
    $240,000
    6.5%
    $270,000
    7%
    $260,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $260,000
    Geo Method
    $250,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $285,000
    Retail
    $275,000
    Mixed-Use
    $205,000
    Hospitality
    $265,000
    Educational
    $285,000
    Residential Income
    $215,000
    Energy
    $245,000
    Income-Based Land
    $240,000
    Food Service
    $215,000

Location Insight

  • Map
  • Local Demand
City
Northbrook
County
Cook
State
Illinois
Longitude
-87.7975
Latitude
42.1421
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
$6,663
$25,084
$4,986
$30,070
-
$100,336
$19,944
$120,280
More about this property
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