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    OFF-MARKET
    Office buildings

    97 Skokie Vly Rd, Lake Bluff, IL 60044-1808

    2,800 SF 0.87 ac lot Built 1969
    Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1318231
    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
    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
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    Blend (final) Blend
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    Owner & transaction history
    Salvatore De Marie · 5 yrs held
    Salvatore De Marie
    since 2020
    2 recorded transactions
    2020
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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