1528 Shermer Rd, Northbrook, IL 60062
Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 1528 Shermer Road in Northbrook, IL, a wealthy suburb located 14 miles North of Chicago. The property consists of two single story commercial buildings on 0.32 Acres of land in downtown Northbrook, across from the Northbrook Metra Train Station. The property is ideal for a redevelopment or repositioning, as leases on newer construction, premium space in downtown Northbrook exceeds $30/sf NNN. Access to the property is easy and you can make a left or right turn onto Shermer Road. With 100 feet of frontage on Shermer, the property offers lots of visibility, which is perfect for a retail or medical user. There is one tenant currently in place, with a short term lease, that could either be bought out or cash flowed to cover costs while a new owner repositions the parcel. At a list price of $450,000, a ground up development will yield a return of around 25% upon exiting the property.
Alternatively, this is an ideal opportunity for a user who wants to control their own real estate while benefiting from the outstanding demographics of this location.
Please contact Marcus & Millichap for more information about this property.
Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in 1528 Shermer Road in Northbrook, IL, a wealthy suburb located 14 miles North of Chicago. The property consists of two single story commercial buildings on 0.32 Acres of land in downtown Northbrook, across from the Northbrook Metra Train Station. The property is ideal for a redevelopment or repositioning, as leases on newer construction, premium space in downtown Northbrook exceeds $30/sf NNN. Access to the property is easy and you can make a left or right turn onto Shermer Road. With 100 feet of frontage on Shermer, the property offers lots of visibility, which is perfect for a retail or medical user. There is one tenant currently in place, with a short term lease, that could either be bought out or cash flowed to cover costs while a new owner repositions the parcel. At a list price of $450,000, a ground up development will yield a return of around 25% upon exiting the property.
Alternatively, this is an ideal opportunity for a user who wants to control their own real estate while benefiting from the outstanding demographics of this location.
Please contact Marcus & Millichap for more information about this property.
