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    FOR LEASE
    Office buildings

    2101 Waukegan Rd, Bannockburn, IL 60015

    51,513 SF 4 ac lot Built 1965
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US28-2295711
    Property summary
    AI-generated overview

    Bannockburn Professional Center offers exceptional Class A office space in a prime location. This three-story building, totaling 44,379 square feet, boasts 15 suites and is conveniently situated off Waukegan Road, just south of Route 22. The property underwent renovations in 2019, ensuring modern amenities and a professional atmosphere. Currently, 6,107 square feet of space is available, with flexible options ranging from a minimum of 1,050 square feet to a maximum contiguous space of 3,930 square feet. The building caters to various tenancy needs, accommodating both traditional office and medical office uses. Its strategic location provides easy access to a wealth of nearby amenities, including ample shopping, dining, and recreational opportunities. Furthermore, its proximity to North Shore Hospital (within 2 miles) adds significant appeal for medical professionals. The building enjoys a strong tenant mix, anchored by the Illinois Bone & Joint Institute, demonstrating its desirability and stability within the market. This is an excellent opportunity to secure high-quality office space in a thriving and well-established professional center.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1965
    Construction BRICK
    Total area 51,513 SF
    Lot 4 ac (174,240 SF)
    APN 16-20-100-038
    UPID US28-2295711
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Arthur E. Kroft, MD Physician
    • FCm Travel Solutions - Bannockburn Travel Agency
    • Cruisin Comfortably Numb Music Venue Theater & Performing Art Venue
    • North Shore Medical Associates: Osher Gerald J MD Physician
    • Brent Nathan, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.44M
    Blend (final) Blend
    $6.48M
    Owner & transaction history
    Gmr Bannockburn LLC · 6 yrs held
    Gmr Bannockburn LLC
    since 2019
    7 recorded transactions
    2019
    $6.9M
    2003
    1998
    1998
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $9.4M +49.9%
    Auto repair, garage $9.0M +44.4%
    Restaurant $8.8M +41.0%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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