1901 Cherry Ln Northbrook, IL 60062
- Community centers
- 6.73 lot acres
Current Use by Public Records
- Community centers
Property Details for 1901 Cherry Ln
- Year built
- 1958
- Lot size
- 6.73 lot acres
- Property type
- Community centers
- APN
- 04-10-300-041
- APU
- 410300041
Description
Northbrook Meadows, located at 1901 Cherry Ln, Northbrook, IL 60062, presents a unique investment opportunity in the affluent North Shore submarket. This single-story, 118,000 square foot commercial property, built in 1959 and renovated in 2024, sits on a 7-acre lot (8 acres total land) and is zoned for retail use. Currently offering multiple tenancies, there are 15,140 square feet of vacant space available, with contiguous spaces ranging from 5,600 to 10,600 square feet. The property boasts a Class B rating and features a diverse mix of co-tenants including Marcello's Father and Son Restaurant, Advanced Auto Parts, Ace Hardware, Rosin Eye Care, and Subway, alongside other local businesses. Its strategic location across from the new Sunset Foods and within a thriving community with a population of 192,649 within a 5-mile radius (72,261 households, average household income $155,424) makes it an ideal location for a variety of businesses. The property is easily accessible via Cherry & Meadow cross streets. This is a chance to establish a presence in a high-demand area with strong demographics and established neighboring businesses, including well-known restaurants and retailers. The property includes one building with no elevators.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $510,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Northbrook
- County
- Cook
- State
- Illinois
- Longitude
- -87.8272
- Latitude
- 42.1306
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
