Glenlake Professional Medical Office Building

3633 W Lake Avenue Glenview, IL 60026

3633 W Lake Avenue, Glenview, IL, 60026
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Oct 22, 2024

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Highlights

  • - 83,985 SF office building with strong investment potential
  • - Built in 1980, offering a solid and established asset
  • - Zoned B-2 General Business District for versatile usage options
  • - 70% occupancy, providing a stable income stream
  • - Situated on a 4.7-acre site for ample space and future development potential
  • - 300 onsite surface parking spaces for tenant and visitor convenience
  • - Impressive 90% medical tenant occupancy, catering to a stable and in-demand market
  • - Strategic location just 1/4 mile from Glenbrook Hospital, enhancing medical sector appeal

Description

Presenting a prime investment opportunity in the Chicago area, this 83,985 SF office building offers significant potential for savvy investors. With a solid 70% occupancy and 90% medical tenants, the property provides a stable income stream. Situated on a 4.7-acre site, the building features 300 onsite surface parking spaces, ensuring convenience for tenants and visitors. Its strategic location just 1/4 mile from Glenbrook Hospital enhances its appeal and further solidifies its positioning within the thriving medical sector. Built in 1980 and zoned B-2 General Business District, this property represents a compelling investment with strong leasing and growth prospects in a dynamic market.

Ideally located in Glenview, a thriving suburb just outside of Chicago, the Glenlake Professional Medical Office Building is surrounded by a range of amenities and attractions. The area boasts a strong sense of community with reputable schools, including Glenbrook South High School, and ample dining options such as The Curragh Irish Pub and Hackney's on Lake, and is 0.5 miles from Glenbrook Hospital. With close proximity to the beautiful Gallery Park and The Grove, investors will appreciate the scenic surroundings and recreational opportunities. The property benefits from easy access to major highways and public transportation, making it an attractive investment opportunity in a well-established and sought-after location.


Year Built: 1980
Building Size: 83985sq ft
Building Class: B
Lot Size: 4.71 acres


Documents

Glenlake Prof. Med. Office- Offering Memorandum.pdf

Map of 3633 W Lake Avenue, Glenview, IL, 60026

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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