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155 Revere Dr
Northbrook, IL 60062
Office Property For Sale
Investment Highlights
- Located within the prestigious Northbrook business corridor with convenient access to I-94 (Edens Expressway) and I-294 (Tri-State Tollway).
- Positioned near abundant amenities including dining, retail, and hospitality options in the surrounding North Shore community.
- Professional office building offering a well-maintained environment suitable for a variety of corporate users.
- Ample surface parking available for both tenants and visitors, ensuring ease of access.
Executive Summary
Jameson Commercial is pleased to present 155 Revere Drive, Northbrook Il, a fully renovated, 17,154 SF multi-tenant 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 $192,210 of in-place NOI at a 8.94% 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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
17,183 SF
Building Class
C
Year Built
1980
Price
$2,150,000
Price Per SF
$125.12
Cap Rate
8.94%
NOI
$192,210
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,000 SF
Building FAR
0.31
Lot Size
1.27 AC
Zoning
I-1 - Industrial
Parking
55 Spaces (3.2 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 04-02-101-017-0000 | Improvements Assessment | $233,875 |
| Land Assessment | $165,375 | Total Assessment | $399,250 |
Property Taxes
Parcel Number
04-02-101-017-0000
Land Assessment
$165,375
Improvements Assessment
$233,875
Total Assessment
$399,250
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