240 Saunders Rd Riverwoods, IL 60015-3835
Property profile & analytics
240 Saunders Rd Riverwoods, IL 60015-3835
- Office buildings
- 6,434 SF
- 0.84 lot acres
Property ID
US28-2423625
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 240 Saunders Rd
- Year built
- 1997
- Construction
- BRICK
- Lot size
- 0.84 lot acres
- Property size
- 6,434 SF
- Property type
- Office buildings
- APN
- 16-31-300-029
- APU
- 1631300029
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,575,000
- 6.5%
- $1,455,000
- 7%
- $1,350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $759,000
- AI Estimate
- $1,105,000
Market price range: $391k - $1.24MMarket price range: $153k - $2.70M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $780,000 Current use
- COMMERCIAL (GENERAL)
- $1,170,000 Change: +50% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,125,000 Change: +44% Conversion: Difficult
- RESTAURANT
- $1,100,000 Change: +41% Conversion: Moderate
- RETAIL STORES
- $820,000 Change: +5% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $720,000 Change: -8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Riverwoods
- County
- Lake
- State
- Illinois
- Longitude
- -87.8849
- Latitude
- 42.1577
- 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
2023
$20,956
$116,928
$121,959
$238,887
-
$350,819
$365,914
$716,733
