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40 Skokie Blvd
Northbrook, IL 60062
Boulevard 40 · Office Property For Sale

Investment Highlights

  • Premier Northbrook Asset | 108,278 SF on 4.86 Acres
  • Medical-Anchored Tenant Mix | Sticky Tenancy / Renewal | Strong Current Leasing Momentum
  • Investment-Grade Huntington Bank Anchor | ~10% of GLA | New Long-Term Lease
  • Hard Signalized Corner of Lake Cook & Skokie Blvd | Direct Expressway (I-94) Exposure | 57,370 VPD
  • Healthy Occupancy | Excellent Owner-User Opportunity with Contiguous Suites Available
  • Affluent North Shore Demographics | $211K+ Avg HH Income (1 Mile) | $257K+ (3 Miles)

Executive Summary

Northmarq is pleased to present an exceptional opportunity to acquire a well-located suburban office property at 40 Skokie Boulevard, Northbrook, IL 60062 (the “Property”). The Property comprises approximately 108,278 square feet of office space situated on a 4.86-acre parcel within one of Chicago’s most established and affluent North Shore submarkets. Currently 75% occupied, the Property provides in-place cash flow with meaningful upside through lease-up of the remaining vacancy. Contact Broker for Pricing Details.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Office
Building Size
108,278 SF
Building Class
B
Year Built/Renovated
1984/1993
Price
$8,350,000
Price Per SF
$77.12
Cap Rate
8.90%
NOI
$743,150
Percent Leased
78%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
18,046 SF
Slab To Slab
12’
Building FAR
0.51
Lot Size
4.86 AC
Zoning
C-5, Northbrook - High-intensity, large-scale development, allowing for a mix of uses such as retail, offices, hotels, and residential
Parking
373 Spaces (3.44 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Conferencing Facility
  • Property Manager on Site
  • Signage
  • Kitchen
  • Storage Space
  • Monument Signage
  • Balcony

Sustainability

Energy Star Certified
86
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 04-02-101-005-0000
  • 04-02-103-011-0000
  • 04-02-105-015-0000
  • 04-02-101-004-0000
  • 04-02-105-023-0000
Land Assessment
$1,148,903
Improvements Assessment
$782,715
Total Assessment
$1,931,618
  • Listing ID: 39993897

  • Date on Market: 4/1/2026

  • Last Updated:

  • Address: 40 Skokie Blvd, Northbrook, IL 60062

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