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Urban-High Street

Affluent Suburban-High Street Mixed-Use

1310 -1348 Shermer Rd, Northbrook, IL 60062

Listing Price: $20,000,000

Cap Rate
6.50%
Gross SF
57,654
Rentable SF
57,654
Price/Gross SF
$346.90
Lot Size
3.22 acres
Year Built
1940

Investment Overview

Marcus & Millichap is pleased to present an exclusive generational trophy mixed-used listing. The mixed-use property is an ideal mix of medical, food, office, serviced-based tenants, and 10 luxury apartments (built 2018). The property was meticulously assembled by current ownership over a 30 year period and not on tenant makes up more than 7% of the annual rent. There is a proven history of maintaining high occupancy and outstanding rent collections. The center is situated at a stoplight intersection, encompassing an entire city block with 3.22 acres and situated next to Village Green Park in the epicenter of the shopping district and adjacent to the Metra train station. While a transit-oriented location, the property has ample on-site parking and garage parking. The area is well sought after with over 63,097 people living within a three-mile radius and making an average household income of $205,765.

Investment Highlights

  • Rare Opportunity to Acquire a Mixed-Use Building Located in Downtown District
  • Property Includes 10 Luxury Apartment Units (Built 2018) and Professional Office Suites
  • Transit-Oriented Property Located Adjacent to Northbrook Metra Train Station
  • Average Household Income of $205,765 and 63,097 People Living within a Three-Mile Radius

Exclusively Listed By

Financing By

Urban-High Street

Affluent Suburban-High Street Mixed-Use

Listing Price: $20,000,000

Cap Rate
6.50%
Gross SF
57,654
Rentable SF
57,654
Price/Gross SF
$346.90
Lot Size
3.22 acres
Year Built
1940

Investment Highlights

  • Rare Opportunity to Acquire a Mixed-Use Building Located in Downtown District
  • Property Includes 10 Luxury Apartment Units (Built 2018) and Professional Office Suites
  • Transit-Oriented Property Located Adjacent to Northbrook Metra Train Station
  • Average Household Income of $205,765 and 63,097 People Living within a Three-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present an exclusive generational trophy mixed-used listing. The mixed-use property is an ideal mix of medical, food, office, serviced-based tenants, and 10 luxury apartments (built 2018). The property was meticulously assembled by current ownership over a 30 year period and not on tenant makes up more than 7% of the annual rent. There is a proven history of maintaining high occupancy and outstanding rent collections. The center is situated at a stoplight intersection, encompassing an entire city block with 3.22 acres and situated next to Village Green Park in the epicenter of the shopping district and adjacent to the Metra train station. While a transit-oriented location, the property has ample on-site parking and garage parking. The area is well sought after with over 63,097 people living within a three-mile radius and making an average household income of $205,765.

Exclusively Listed By

Financing By

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