1132 Waukegan Rd, Glenview, IL 60025-3065
- Retail space
- 9,266 SF
- 0.50 lot acres
Current Use by Public Records
- Anderson Dental Associates / Dental Office
- Michols Steven G DDS / Dental Office
- Urek's Tailor Shop / (Bike/Boat/Book/etc) Store
- Irene's Nationwide Home Health Corp. / Home Health Care Service
- Heinlein Walter D DDS / Dental Office
Property Details for 1132 Waukegan Rd
- Year built
- 1966
- Lot size
- 0.50 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
- 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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,145,000
- 6.5%
- $1,980,000
- 7%
- $1,835,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,473,000
- AI Estimate
- $1,425,000
Market price range: $648k - $2.51MMarket price range: $389k - $1.43M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,380,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,030,000 Change: +47% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $1,540,000 Change: +11% Conversion: Difficult
- OFFICE BUILDING
- $1,240,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Glenview
- County
- Cook
- State
- Illinois
- Longitude
- -87.7993
- Latitude
- 42.0749
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
