Property profile

4 Overlook Pt Lincolnshire, IL 60069

FOR LEASE
Commercial real estate
Property ID
US28-1754346
18.4 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 18.4 ac (801,504 SF)
APN 15-22-403-028
UPID US28-1754346

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4 Overlook Pt Lincolnshire, IL 60069
Lincolnshire metro Census 864521 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.61M

Owner & transaction history

since 2025
Last sale
$6.2M
3 recorded transactions
2025
$6.2M
2005
$78.8M
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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More about this property
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