Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1240 Mdw Rd Northbrook, IL 60062-8300

    • Office buildings
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $690,000
    Location Intelligence
    Property ID
    US28-0874557
    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 buildings

    Property Details for 1240 Mdw Rd

    Year built
    1967
    Lot size
    0.36 lot acres
    Property type
    Office buildings
    APN
    04-10-300-050
    APU
    410300050

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Northbrook
    County
    Cook
    State
    Illinois
    Longitude
    -87.8286
    Latitude
    42.1299
    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
    $93,689
    $58,500
    $364,310
    $422,810
    -
    $234,000
    $1,457,240
    $1,691,240

    Comparable in this City

    • Value Estimation by Request
      6.92 Acres

      5 Revere Dr

      OFFICE BUILDING (MULTI-STORY) • 6.92 Acres
      5 Revere Dr, Northbrook, IL 60062-1566
      View Details
    • Value Estimation by Request
      5.90 Acres

      1033 Skokie Blvd

      OFFICE BUILDING (MULTI-STORY) • 5.90 Acres
      1033 Skokie Blvd, Northbrook, IL 60062-4108
      View Details
    • Value Estimation by Request
      9.10 Acres

      2675 Sanders Rd

      OFFICE BUILDING (MULTI-STORY) • 9.10 Acres
      2675 Sanders Rd, Northbrook, IL 60062-6101
      View Details
    • Value Estimation by Request

      400 Skokie Blvd

      OFFICE BUILDING (MULTI-STORY)
      400 Skokie Blvd, Northbrook, IL 60062-2816
      View Details
    • Value Estimation by Request
      1.97 Acres

      633 Skokie Blvd

      OFFICE BUILDING (MULTI-STORY) • 1.97 Acres
      633 Skokie Blvd, Northbrook, IL 60062-2858
      View Details
    • Value Estimation by Request
      25.23 Acres

      2775 Sanders Rd

      OFFICE BUILDING (MULTI-STORY) • 25.23 Acres
      2775 Sanders Rd, Northbrook, IL 60062-6110
      View Details

    Similar Nearby for Sale

    • $2,950,000
      16,659 SF

      Northbrook Medical Office Building

      Downtown Northbrook, High NOI, 8.01% Cap Rate
      1220 Mdw Rd, Northbrook, IL 60062
      View Details
    • $995,000
      5,295 SF

      Northbrook Office Condo: Prime Location

      High-end single-story office condo, ideal owner-user.
      450 Skokie Blvd, Northbrook, IL 60062
      View Details
    • $299,900
      0.60 Acres

      Northbrook Land with Future Potential

      Half acre lot suitable for residential and future commercial use.
      650 Sanders Rd, Northbrook, IL 60062
      View Details
    • $1,895,000
      16,670 SF

      Northbrook Office & Warehouse

      Prime location, 16,670 SF, 1.14 acres
      360 Melvin Dr, Northbrook, IL 60062
      View Details
    • New
      $350,000
      0.69 Acres

      Northbrook Car Wash Business Opportunity

      Established car wash business with multiple revenue streams in Northbrook.
      204 Skokie Blvd, Northbrook, IL 60062
      View Details
    • New
      $195,000

      Turnkey Restaurant Business Opportunity

      Established Northbrook restaurant with banquet halls and fully equipped kitchen.
      500 Anthony Trl, Northbrook, IL 60062
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr

      Northbrook Medical/Office Building For Lease

      Five-story building with full floor availability and upgraded amenities.
      1240 Meadow Rd, Northbrook, IL 60062
      View Details
    • $19 SF/Yr
      187,509 SF

      Edens Corporate Center: Northbrook Office

      Class A Office Suites, Northbrook, IL
      630-650 Dundee Rd, Northbrook, IL 60062
      View Details
    • $14 SF/Yr
      116,000 SF

      Northbrook Office Space for Lease

      Class A Office, Multiple Suites Available
      60 Revere Dr, Northbrook, IL 60062
      View Details
    • $40 SF/Yr
      18,000 SF

      Medical Office Space for Lease

      Cook County, IL - 1,150 SF Available
      1220 Mdw Rd, Northbrook, IL 60062
      View Details
    • $26 SF/Yr
      40,000 SF

      Northbrook Office Space For Rent

      Office space for rent near Shermer Road and METRA.
      1707 Shermer Rd, Northbrook, IL 60062
      View Details
    • $40 SF/Yr

      Executive Suites Near Metra Train

      Full-service business center with flexible lease terms and amenities.
      1363 Shermer Rd, Northbrook, IL 60062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1240 Mdw Rd
    Northbrook, IL 60062-8300
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.