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Real Estate Services Versa

Versa Real Estate Services

Property Details

Property Type Office
Property Size 37,500 SF
Lot Size 2.61 Acre
Additional Rent Contact for pricing
Date Updated Dec 16, 2024

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

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Getting around

33/100
Walk Score ®
28/100
Transit Score ®
38/100
Bike Score ®

Powered by Walk Score ®

City Glenview, IL
Zip Code 60025
Market Chicago

Points of Interest

Des Plaines

2.99 miles
Mount Prospect

4.03 miles
Morton Grove

4.94 miles
Park Ridge

5.00 miles
Edison Park

5.75 miles
O'Hare Transfer

5.92 miles
Deerfield

6.15 miles
Dempster-Skokie

6.23 miles
Arlington Heights

6.34 miles
Rosemont Blue Line Station

6.57 miles

ChargePoint

0.14 miles
Tesla Supercharger

0.16 miles
Gas Depot

0.76 miles
Exxon

1.39 miles
Shell

1.44 miles
Mobil

1.81 miles
Citgo

1.92 miles
BP

2.19 miles
Tesla Destination Charger

5.00 miles
EVgo

5.66 miles

East parking lot

0.31 miles
West parking lot

0.34 miles
Boat Parking

0.88 miles
Yellow Parking Lot

0.91 miles
Green Parking Lot

0.92 miles
Orange Parking Lot

1.01 miles
Glen Town Center Parking

1.91 miles
Elk's Lodge Parking

2.78 miles
Metropolitan Square Garage

2.90 miles
Des Plaines Metra Station Parking Lot

2.97 miles

Renaissance Chicago Glenview Suites Hotel

0.25 miles
Motel 6 Chicago North - Glenview

0.49 miles
Baymont Glenview

0.58 miles
Estia

0.71 miles
Courtyard Chicago Glenview/Northbrook

0.74 miles
Crowne Plaza Chicago-Northbrook

1.82 miles
Hilton Chicago/Northbrook

1.89 miles
Motel 6 Prospect Heights

2.28 miles
Holiday Inn Express & Suites Prospect Heights

2.36 miles
Staybridge Suites Chicago - Glenview

2.68 miles

Joong Boo Market

0.99 miles
H Mart

1.10 miles
Lina's Filipino Marketplace

1.76 miles
Masala Indo-Pak Grocers

1.76 miles
Jewel-Osco

1.91 miles
Deli 4 You

1.95 miles
P&P Asian Foods

2.02 miles
Walmart Supercenter

2.04 miles
Patel Brothers

2.15 miles
Burlington

2.15 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.