For Lease
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Property summary
This exceptional 31-acre office campus in Lincolnshire, Illinois, presents a unique redevelopment opportunity. The property, located at 4 Overlook Point, boasts 863,403 square feet of Class A office space across a six-story building, constructed in two phases (1998 and 1999). The site features ample parking with 3,103 spaces, strategically distributed across structured garages and surface lots. Currently fully occupied with leases expiring December 30, 2024, this property offers significant potential for investors and developers. Its prime location along Milwaukee Avenue (IL-Rt. 45), between Aptakisic Road and Half Day Road (IL-Rt. 22), provides exceptional visibility and accessibility, further enhanced by proximity to I-94. Situated in the affluent Lincolnshire community, known for its top-rated schools, this property benefits from a strong location within a highly desirable area, just 40 minutes from downtown Chicago. The permitted zoning is for office use, and the property's size and location present a rare opportunity for a wide range of redevelopment projects. The APN is 15-22-403-028 & 15-22-403-027. The property is currently served by two active tenants.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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