Property profile

97 Skokie Vly Rd Lake Bluff, IL 60044

OFF-MARKET
Office buildings
Property ID
US28-1318231
2,800 SF 0.87 ac lot Built 1969
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a two-building industrial portfolio ideally situated on nearly two acres in Lake Bluff, Illinois. The property boasts a combined 20,855 square feet of space, strategically located at the intersection of IL Route 41 and IL Route 176 in desirable Lake County. Both buildings offer significant advantages for investors. The warehouse areas are fully heated, providing year-round operational efficiency. High ceilings, reaching 18 feet in most areas, maximize storage and operational flexibility. Currently fully leased, the property generates a net annual income of $120,000. However, there's substantial potential for increased revenue through market-rate rent adjustments. The property's prime location and strong existing income stream make it an attractive investment prospect with significant upside potential. The two buildings offer a combined 20,855 square feet on a 2-acre lot, providing ample space for various industrial uses. This is a rare opportunity to acquire a well-located, income-producing industrial property in a thriving market. The address is 97 & 104 Skokie Valley Rd, Lake Bluff, IL 60044. The asking price is $1,800,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Construction BRICK
Total area 2,800 SF
Lot 0.87 ac (37,897 SF)
APN 12-19-208-017
UPID US28-1318231

Cap rate & NOI

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

Location

97 Skokie Vly Rd Lake Bluff, IL 60044-1808
Lake Bluff metro Census 863202 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 97 Skokie Vly Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message