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    Property profile & analytics
    OFF-MARKET Estimated value $1,260,000
    Office buildings

    49 Sherwood Ter, Lake Bluff, IL 60044-2231

    32,160 SF 2.83 ac lot Built 1981
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-1031945
    Property summary
    AI-generated overview

    This impressive Milwaukee County office building, the Renaissance Faire, offers a unique opportunity for businesses seeking flexible and expansive space. Built in 1940 and extensively renovated in 2012, this two-story building boasts a total of 400,000 square feet, with multiple suites available. The minimum divisible space is 10,000 square feet, ideal for smaller businesses, while larger tenants can occupy up to 150,000 contiguous square feet. The property features a total of five suites, providing a variety of options to suit different needs. Ample parking is a key advantage, with 1581 spaces available, combining surface lot and structured parking. The building's prime location offers convenient access to major transportation routes, including easy access to the interstate via the Hawley Avenue interchange. High visibility is ensured with monument signage along 60th Street, a road with over 19,000 vehicles per day. Employees will appreciate the convenient access to the Hank Aaron State Trail directly from the parking lot, offering a nearby recreational amenity. This move-in ready space presents a compelling opportunity for businesses seeking a well-maintained, conveniently located, and highly visible office environment in Milwaukee County.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1981
    Construction BRICK
    Total area 32,160 SF
    Lot 2.83 ac (123,362 SF)
    APN 12-19-401-011
    UPID US28-1031945
    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
    by Request
    Comparable Approach Comparable
    $1.14M
    Blend (final) Blend
    $1.26M
    Owner & transaction history
    Par National Properties LLC
    Par National Properties LLC
    since 2025
    2 recorded transactions
    2025
    $1.8M
    2003
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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