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1245-1247 Milwaukee Ave 37,500 SF 47% Leased Office Building Glenview, IL 60025 For Sale
INVESTMENT HIGHLIGHTS
- Property Manager On-Site
- Flexible Lease Terms
- Ample Parking (5.33 / 1,000 SF Parking Ratio)
- Signage Opportunities on Milwaukee Ave
EXECUTIVE SUMMARY
Versa Real Estate Services is pleased to present the opportunity to acquire the fee simple interest in the property located at 1245-1247 Milwaukee Avenue. This 37,500 SF
office building, constructed in 1984, is situated just south of West Lake Avenue, offering excellent visibility with 28,000 vehicles passing daily. Currently, the three-story building
is 25% leased, presenting a value-add investment opportunity. Investors can enhance the property’s value through physical improvements to increase occupancy to market levels. Additionally, multiple signage options on Milwaukee Ave are available and under-utilized, providing further potential for visibility.
The property features 4.5 acres of land and is ideally positioned for future development. The site is in close proximity to key amenities, including ABT Electronics, Glencoe Estate Condominiums, and various retail and residential areas along Milwaukee Ave. The building is classified as Limited Commercial (I-1), allowing for a diverse array of commercial and residential uses. This includes options such as multi-family units, exhibition halls, medical
clinics, urgent care facilities, and research laboratories
office building, constructed in 1984, is situated just south of West Lake Avenue, offering excellent visibility with 28,000 vehicles passing daily. Currently, the three-story building
is 25% leased, presenting a value-add investment opportunity. Investors can enhance the property’s value through physical improvements to increase occupancy to market levels. Additionally, multiple signage options on Milwaukee Ave are available and under-utilized, providing further potential for visibility.
The property features 4.5 acres of land and is ideally positioned for future development. The site is in close proximity to key amenities, including ABT Electronics, Glencoe Estate Condominiums, and various retail and residential areas along Milwaukee Ave. The building is classified as Limited Commercial (I-1), allowing for a diverse array of commercial and residential uses. This includes options such as multi-family units, exhibition halls, medical
clinics, urgent care facilities, and research laboratories
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
37,500 SF
Building Class
B
Year Built
1984
Percent Leased
47%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,500 SF
Building FAR
0.19
Lot Size
4.50 AC
Parking
200 Spaces (5.33 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Three Private Offices and Open Area for Workstations
Move-in Ready Office Space with a Direct Private Entrance
Built-out Medical Space with 12 Exam Rooms and Lab Area.
Four Private Offices Mixed with Open Area for Workstations.
Three Private Offices with a Large Reception Area.
Move-in Ready Medical Space with Three Exam Rooms with Sinks and Reception Area.
Seven Private Offices and Large Conference Rooms.
Two Private Offices with Storage.
One Private Office with Storage.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1245-101 | 1,650 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 1245-102 | 2,168 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 1247-100 | 5,900 SF | Medical | Full Build-Out | Now |
| 2nd Fl-Ste 1245-202 | 2,753 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 1247-204 | 927 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 1247-205 | 952 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 1245-300 | 3,693 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 1247-303 | 1,014 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 1247-304 | 716 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 1245-101
| Size |
| 1,650 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 1245-102
| Size |
| 2,168 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 1247-100
| Size |
| 5,900 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 1245-202
| Size |
| 2,753 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 1247-204
| Size |
| 927 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 1247-205
| Size |
| 952 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 1245-300
| Size |
| 3,693 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 1247-303
| Size |
| 1,014 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 1247-304
| Size |
| 716 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 1245-101
| Size | 1,650 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Three Private Offices and Open Area for Workstations
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 1245-102
| Size | 2,168 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Move-in Ready Office Space with a Direct Private Entrance
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 1247-100
| Size | 5,900 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
Built-out Medical Space with 12 Exam Rooms and Lab Area.
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 1245-202
| Size | 2,753 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Four Private Offices Mixed with Open Area for Workstations.
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 1247-204
| Size | 927 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Three Private Offices with a Large Reception Area.
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste 1247-205
| Size | 952 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Move-in Ready Medical Space with Three Exam Rooms with Sinks and Reception Area.
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Fl-Ste 1245-300
| Size | 3,693 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Seven Private Offices and Large Conference Rooms.
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Fl-Ste 1247-303
| Size | 1,014 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Two Private Offices with Storage.
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Fl-Ste 1247-304
| Size | 716 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
One Private Office with Storage.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $269,989 | |
| Land Assessment | $477,514 | Total Assessment | $747,503 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$477,514
Improvements Assessment
$269,989
Total Assessment
$747,503
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1245-1247 Milwaukee Ave
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