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    Property profile & analytics
    OFF-MARKET Estimated value $1,105,000
    Office buildings

    240 Saunders Rd, Riverwoods, IL 60015-3835

    6,434 SF 0.84 ac lot Built 1997
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-2423625
    Property summary
    AI-generated overview

    This exceptional Class A medical center in Riverwoods, IL, presents a rare investment opportunity. The freestanding, newer construction building boasts 6,434 square feet on a 0.84-acre lot (36,972 sq ft), offering ample space and parking for 31 vehicles. The two-level building features a high-end medical build-out, including a secure entrance, cameras, and a modern elevator/lift. The first floor includes a welcoming foyer, reception area, large treatment/conference room with floor-to-ceiling windows, seven office/treatment rooms, two ADA-compliant bathrooms, and a supply room. The lower level offers six additional office/exam rooms, a spacious conference room/event area with abundant natural light, two ADA bathrooms, a full kitchen with wet bar, a utility room, and storage. The building is equipped with a recently installed roof, two well-maintained HVAC units (11,900 VPD), and a 200+ amp electrical system. Many offices enjoy large windows and high ceilings, creating a bright and open atmosphere. Ideally situated near the intersection of Lake Cook and Saunders Roads, and just two blocks from Interstate 294, this property benefits from excellent visibility and convenient access. Its O&RC zoning allows for a variety of commercial uses, including medical, dental, legal, financial, or technology businesses. The property's proximity to other professional offices and businesses, such as Amgen Inc. and Walgreens Corporate Headquarters, further enhances its appeal. This is a turnkey opportunity for a variety of uses, or redevelopment.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1997
    Construction BRICK
    Total area 6,434 SF
    Lot 0.84 ac (36,590 SF)
    APN 16-31-300-029
    UPID US28-2423625
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.46M
    Comparable Approach Comparable
    $760k
    Blend (final) Blend
    $1.11M
    Owner & transaction history
    Beis Chabad · 1 yrs held
    Beis Chabad
    since 2025
    6 recorded transactions
    2025
    2019
    2011
    2009
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.2M +49.9%
    Auto repair, garage $1.1M +44.4%
    Restaurant $1.1M +41.0%
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