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LA Fitness 3880 Willow Rd 41,042 SF Retail Building Northbrook, IL 60062 $13,022,625 ($317.30/SF) 8% Cap Rate
Investment Highlights
- Affluent Suburban Demographics - Located in a premier Chicago suburb with more than $181,000 average household income within one mile.
- Established Operating History - Tenant has maintained a strong and successful operating track record for over 10 years.
- Limited Competitive Supply - The property is the only LA Fitness–caliber ?tness facility within a ?ve-mile trade area.
- Strategic Chicago MSA Location - Situated within the Chicago MSA, the nation’s 3rd-largest population center.
- Top-Performing Fitness Location - Placer.ai data shows this site ranks in the top quartile of LA Fitness locations nationwide.
- Dense Surrounding Population - 275,000+ residents live within a ?ve-mile radius.
Executive Summary
The 41,042 square-foot building benefits from its location in an affluent Chicago suburb. The property is located at the intersection of Willow Road and Sanders Road (51,000 VPD combined). It features convenient access to major thoroughfares such as Interstate 294 (130,000 VPD) and Milwaukee Avenue (47,000 VPD). The surrounding community generates an average household income in excess of $181,000 within one mile of the subject. Additionally, there are 275,000 people living within a five-mile radius. The property benefits from a strong mix of surrounding retail and office tenants, including Medline, Astellas, CVS, Starbucks, Chipotle, AT&T, and The Gardner School. It is directly across from The Logistics Campus – Glenview, a 100-acre, 3.2-million-SF state-of-the-art industrial redevelopment currently underway, and is within walking distance of Arrive Glenview, a 290-unit luxury apartment community.
LA Fitness is owned by Fitness International, LLC, a privately held company led by founder and CEO Louis Welch. The chain operates approximately 550–600 full-service health clubs in 27 U.S. states and two Canadian provinces, primarily under the LA Fitness banner, with a smaller number of locations operating as Esporta Fitness, a slightly lower-priced brand introduced after the 2020 acquisition of 26 clubs from Wellbridge. Clubs typically feature cardio and strength equipment, group fitness studios, basketball courts, swimming pools, and amenities such as saunas and personal training services, serving millions of members with month-to-month and prepaid membership options.
Property Facts
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Arts, Entertainment, and Recreation
- -
- -
- Apr 2030
LA Fitness, founded in 1984 in Covina, California, is a privately held fitness club chain headquartered in Irvine, California. The company operates under its parent entity, Fitness International, and has grown into one of the largest health club operators in North America. LA Fitness provides a wide range of amenities, including group fitness classes, personal training, swimming pools, and specialized workout areas, catering to members of all fitness levels. Over the years, the company has expanded through acquisitions and the development of new locations, maintaining a strong presence across the United States and Canada. In addition to its flagship brand, LA Fitness has introduced and managed other fitness concepts, such as City Sports Club and Club Studio Fitness, to diversify its offerings. The company remains privately owned and continues to adapt its services to meet evolving fitness trends and consumer preferences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Arts, Entertainment, and Recreation | - | - | Apr 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-18-401-035-0000 | Improvements Assessment | $304,493 |
| Land Assessment | $451,508 | Total Assessment | $756,001 |
Property Taxes
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LA Fitness | 3880 Willow Rd
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