1310-1348 Shermer Rd
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1310-1348 Shermer Rd
57,654 SF 100% Leased Retail Building Northbrook, IL 60062 For Sale
Executive Summary
CBRE, as exclusive agent, is pleased to present the rare opportunity to purchase Village Green Shopping Center (“the Property”). Located
at the signalized intersection of Shermer Road and Meadow Road in Northbrook, IL - one of the most affluent north shore Chicago suburbs - the Village Green Shopping Center is a mixed-use commercial and residential property home to a diversified and complimentary mix of service-based tenants with an average tenure of more than 23 years, a multifamily component comprised of 10 luxury apartments, and a 200-stall parking lot. This asset has been under the same ownership for the last 32 years and is in excellent condition, given ownership’s proactive maintenance program and significant CapEx investment on behalf of tenants and ownership alike. The Property is the central building in downtown Northbrook on busy Shermer Road, directly across from Village Green Park in the heart of Northbrook's central business district. Village Green Shopping center boasts more than 133,000 annual visitors in the last 12 months per Placer.ai, and average annual incomes exceed $230,000 in a one-mile radius. The Property benefits from superior access as it is steps away from the Metra train station and Pace Bus Route. Village Green Shopping Center’s ideal tenant mix, strong operating history, and excellent real estate fundamentals create a compelling and rarely-available investment opportunity.
at the signalized intersection of Shermer Road and Meadow Road in Northbrook, IL - one of the most affluent north shore Chicago suburbs - the Village Green Shopping Center is a mixed-use commercial and residential property home to a diversified and complimentary mix of service-based tenants with an average tenure of more than 23 years, a multifamily component comprised of 10 luxury apartments, and a 200-stall parking lot. This asset has been under the same ownership for the last 32 years and is in excellent condition, given ownership’s proactive maintenance program and significant CapEx investment on behalf of tenants and ownership alike. The Property is the central building in downtown Northbrook on busy Shermer Road, directly across from Village Green Park in the heart of Northbrook's central business district. Village Green Shopping center boasts more than 133,000 annual visitors in the last 12 months per Placer.ai, and average annual incomes exceed $230,000 in a one-mile radius. The Property benefits from superior access as it is steps away from the Metra train station and Pace Bus Route. Village Green Shopping Center’s ideal tenant mix, strong operating history, and excellent real estate fundamentals create a compelling and rarely-available investment opportunity.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
57,654 SF
Building Class
B
Year Built/Renovated
1999/2018
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.41
Lot Size
3.22 AC
Zoning
C-3
Parking
200 Spaces (3.47 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Corner Lot
- Public Transport
- Restaurant
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-10-300-056-0000 | Improvements Assessment | £1,353,499 |
| Land Assessment | £387,275 | Total Assessment | £1,740,774 |
PROPERTY TAXES
Parcel Number
04-10-300-056-0000
Land Assessment
£387,275
Improvements Assessment
£1,353,499
Total Assessment
£1,740,774
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1310-1348 Shermer Rd
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