Property profile

1845 Oak St Northfield, IL 60093

OFF-MARKET
Retail space
Property ID
US28-1681213
1.34 ac lot Built 1975
Entity Owned 23-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-story office building, located at 1845 Oak St in Northfield, IL (60093), offers 21,175 square feet of versatile space, ideal for executive, traditional, medical, or creative office uses. The property features nine suites, with 5,500 square feet currently vacant, offering spaces ranging from 837 to 2,053 square feet. Built in Cook County, this Class B building underwent renovations in 2021 and sits on a 1.31-acre lot. While it lacks elevators, its convenient location provides easy access to amenities such as a fitness club, locker rooms, a restaurant, conference rooms, and storage within the Willow Hill Executive Center. Nearby, Mariano's Fresh Market and Starbucks offer additional convenience. The surrounding area boasts a strong demographic profile, with a high median household income and a desirable family-oriented atmosphere. This property presents a unique opportunity to establish a thriving business in a highly sought-after location. The building is a multi-tenant property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Lot 1.34 ac (58,370 SF)
APN 04-24-208-026
UPID US28-1681213

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Construction Company
  • Industrial Manufacturer Production Facility
  • Physician
  • Medical Clinic

Location

1845 Oak St Northfield, IL 60093-3022
Northfield metro Census 801800 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2003
3 recorded transactions
2017
Price N/A
2003
$4.8M
2000
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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