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2300 Lehigh Ave 200 Glenview, IL 60025

Community centers Google Maps
2.31 ac lot Built 2003
Entity Owned 3-yr Hold Free & Clear
Estimated value (blended)
$9.42M
Range $8.48M – $10.36M (±10%)
Property ID US28-0279598

Property summary

AI-generated overview

This Glenview, IL property, located at 2300 Lehigh Ave, zip code 60025, offers exceptional office and retail space within the Glen Gateway Shoppes. The two-story Class A building, constructed in 2003, comprises 39,000 square feet and features two buildings with 166 parking spaces and elevators. Currently, 5,828 square feet of space is available, divisible into units ranging from 1,276 to 3,763 contiguous square feet. The property boasts a diverse tenant mix, including medical, retail, and professional businesses, ensuring high visibility and foot traffic. The location is highly convenient, situated across from the Glenview North Metra Train Station. Available spaces are fully built-out, offering features such as reception areas, high-end carpeting, meeting rooms, separate offices, kitchens, and bathrooms. Some units benefit from abundant natural light and are ready for immediate occupancy. A fully built-out restaurant space is also available, featuring new floors, a bar, a kitchen, and bathrooms, along with an outdoor patio. The property's Cook County location offers a favorable tax rate of $11.71 per square foot. This presents a unique opportunity for businesses seeking a well-appointed space in a thriving commercial center. Lease terms are negotiable.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 2003
Lot 2.31 ac (100,624 SF)
APN 04-22-302-006
UPID US28-0279598

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
  • Physician
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.31M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.42M

Owner & transaction history

since 2022
Last sale
$8.7M
6 recorded transactions
2022
$8.7M
2016
$9.1M
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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