Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2300 Lehigh Ave, Unit 200 Glenview, IL 60025

    • Community centers
    • 2.31 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Last Sale
    Sep 07, 2022
    $8,730,000
    Value Estimations
    $9,295,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-0279598
    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

    • NorthShore University HealthSystem:Dr. Mandy Evans, MD / Physician
    • Gallery Park Dental / Dental Office
    • Graber and Gyllenhaal Orthodontics / Dental Office
    • Dr. Kelley Gyllenhaal, DDS, MS / Dental Office
    • Dr. Lee Graber, DDS, MS, MS, PhD / Dental Office

    Property Details for 2300 Lehigh Ave

    Year built
    2003
    Lot size
    2.31 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    04-22-302-006
    APU
    422302006

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,420,000
      ML approach
      $10,305,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glenview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8169
    Latitude
    42.0972
    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
    $375,646
    $252,017
    $1,494,391
    $1,746,408
    -
    $1,008,068
    $5,977,564
    $6,985,632

    Comparable in this City

    • Value Estimation
      $560,000
      13.16 Acres

      2775 Pfingsten Rd

      MINI-MALL • 13.16 Acres
      2775 Pfingsten Rd, Glenview, IL 60026-1198
      View Details
    • Value Estimation
      $18,155,000
      6.25 Acres

      1340 Patriot Blvd

      MINI-MALL • 6.25 Acres
      1340 Patriot Blvd, Glenview, IL 60026-7777
      View Details
    • Value Estimation by Request
      0.19 Acres

      1986 Tower Dr

      MINI-MALL • 0.19 Acres
      1986 Tower Dr, Glenview, IL 60026-7801
      View Details
    • Value Estimation by Request
      1.07 Acres

      1900 Tower Dr

      MINI-MALL • 1.07 Acres
      1900 Tower Dr, Glenview, IL 60026-7801
      View Details
    • Value Estimation
      $550,000
      1.98 Acres

      1960 Tower Dr

      MINI-MALL • 1.98 Acres
      1960 Tower Dr, Glenview, IL 60026-7801
      View Details
    • Value Estimation by Request
      413,997 SF

      1820 Tower Dr

      Lifestyle centers • 413,997 SF
      1820 Tower Dr, Glenview, IL 60026
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      48,991 SF

      Class A Glenview Office Building

      Two-story, 48,991 SF Class A office building in Glenview, IL.
      2601 Patriot Blvd, Glenview, IL 60026
      View Details
    • Contact for pricing

      Enhanced Townhome Near Glen Town

      Thoughtfully enhanced townhome near Glen Town Center with modern amenities.
      2171 Patriot Blvd, Glenview, IL 60026
      View Details
    • Contact for pricing
      31,100 SF

      Glenview Class A Office/Flex Building

      Two-story Class A office/flex building in North Shore Glenview.
      2500 Lehigh Ave, Glenview, IL 60026
      View Details
    • $399,900
      0.37 Acres

      Prime Glenview Lot Opportunity

      Exceptional 1/3 acre lot in desirable Glenview neighborhood.
      3800 Kiess Dr, Glenview, IL 60026
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Glenview Retail Space for Rent

      Retail space available at Plaza del Prado in Glenview, IL.
      2709-2775 Pfingsten Rd, Glenview, IL 60026
      View Details
    • Contact for pricing
      121,225 SF

      Glenview Warehouse Space Available

      Industrial warehouse space available for lease in Glenview, Illinois.
      3400 West Lake Ave, Glenview, IL 60026
      View Details
    • Contact for pricing
      1,621 SF

      Glenview Office Space For Rent

      Partially furnished office space with private offices and cubicles.
      2550 Compass Rd, Glenview, IL 60026
      View Details
    • Contact for pricing
      48,991 SF

      Prairie Glen Corporate Campus: Glenview Office

      48,991 SF Class A Office Building, Fully Vacant
      2601 Patriot Blvd, Glenview, IL 60026
      View Details
    • $6 SF/Yr
      44,458 SF

      Glenview Office/Warehouse For Lease

      Spacious Glenview industrial space available.
      1870 Elmdale Ave, Glenview, IL 60026
      View Details
    • $22 SF/Yr
      16,032 SF

      2700 Patriot Blvd

      Office Units • 16,032 SF
      2700 Patriot Blvd, Glenview, IL 60026
      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.
    2300 Lehigh Ave, Unit 200
    Glenview, IL 60025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!