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32825575
32825576

155 Revere Drive, Northbrook, IL 60062

SG
IL 471.003226
Jameson Commercial Real Estate
Listed by Jameson Commercial Real Estate
$2,150,000
21 days on market
Updated 13 days ago

155 Revere Drive

Details
APN 04-02-101-017-0000
Property Type Office
Sub Type Executive Office, Office Building
Square Footage 17,154
Net Rentable (SqFt) 1,459
Cap Rate 7.54%
NOI $162,126
Occupancy 91%
Tenancy Multi
Class C
Year Built 1980
Acreage 1.270
Zoning I-1
Investment Type Owner/User

Office | 7.54% CAP | 17,154 SqFt

Marketing description

Jameson Commercial is pleased to present 155 Revere Drive, Northbrook Il, a fully renovated, 17,154 SF multitenant office building built in the early 1980’s in the heart of Northbrook’s North Shore corridor, one of the most established suburban office submarkets in the Chicago region. The building is 91% occupied, generates $162,126 of in-place NOI at a 7.54% cap rate, and is anchored by a mix of office tenants that have been in the property for many years. What sets 155 Revere apart is how little is left to do. Common areas and tenant suites have been fully renovated, the mechanical systems are in place, and the building shows beautifully. The heavy lifting is done. For an investor, that means your capital and attention go toward running the building, not rebuilding it. For an owner-user, this is a rare chance to occupy a turnkey, professionally maintained building in a premier North Shore location while letting an established tenancy carry the cost of ownership

Nestled in the bustling business district of Northbrook, the area offers a strategic location for potential investors. The property is surrounded by a thriving corporate community, including the headquarters of several major corporations. Minutes away, Northbrook Court provides a range of upscale shopping and dining options, perfect for networking and business meetings. The verdant expanses of Techny Prairie Park and Fields offer a serene retreat for tenants and employees, while the nearby Chicago Botanic Garden provides a picturesque setting for leisurely strolls and outdoor events. With its blend of business and leisure amenities, the location provides a compelling investment opportunity for investors seeking a prime commercial real estate asset.

Investment highlights

  • Prime Northbrook North Shore location with strong suburban office demand
  • Easy access to I-94 and I-294 for regional connectivity
  • Close to corporate offices, retail, dining, and amenities
  • Convenient to Chicago and O’Hare Airport for business operations
  • Purchase Price: $2,150,000
  • Net Operating Income (NOI): $162,126
  • AS-IS CAP Rate: 7.54%
  • 17,183 SF multi-tenant office building
  • Zoned I-1 for flexible use options
  • Modern and well-maintained facility
  • Ample parking for tenants and visitors
  • Proximity to major transportation routes
  • High-speed internet and advanced communication infrastructure
  • Flexible floor plans to accommodate various business needs
  • Dedicated property management and maintenance team

Listing Contacts

SG
IL 471.003226
Jameson Commercial Real Estate
Listed by Jameson Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,126.00
$13,510.50/mo

Valuation Metrics

0
DSCR
7.54%
Cap Rate
7.54%
ROI

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Additional Information

Name
Steven Goldstein
License
471.003226
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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