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1245-1247 Milwaukee Ave

37,500 SF 47% Leased Office Building Glenview, IL 60025 For Sale

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Investment Highlights

Property Manager On-Site
Flexible Lease Terms

Ample Parking (5.33 / 1,000 SF Parking Ratio)
Signage Opportunities on Milwaukee Ave

Executive Summary

Versa Real Estate Services has been retained as the exclusive selling agent at 1245-1247 Milwaukee Ave in Glenview, Illinois. The 37,000 SF building offers attractive rents and flexible lease terms. The property is situated on Milwaukee Ave just south of West Lake Avenue with nearby access to I-294. It is also located in a park environment adjacent to The Grove Forest Preserve and directly across from ABT electronics.

1245-1247 Milwaukee Ave - Offering Memorandum

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

37,500 SF

Building Class

Year Built

1984

Percent Leased

47%

Tenancy

Multiple

Building Height

3 Stories

Typical Floor Size

12,500 SF

Building FAR

0.19

Land Acres

4.50 AC

Parking

200 Spaces (5.33 Spaces per 1,000 SF Leased)

Amenities

Property Manager on Site

Signage

Space Availability

1st Fl-Ste 1245-101
1,650 SF
Office/Medical
Full Build-Out
Now

1/2

1245-1247 Milwaukee Ave, Glenview, IL for sale Interior Photo- Image 1 of 2 — Interior Photo

1245-1247 Milwaukee Ave, Glenview, IL for sale Floor Plan- Image 2 of 2 — Floor Plan

Three Private Offices and Open Area for Workstations

1st Fl-Ste 1245-102
2,168 SF
Office/Medical
Full Build-Out
Now

1/2

Move-in Ready Office Space with a Direct Private Entrance

1st Fl-Ste 1247-100
5,900 SF
Medical
Full Build-Out
Now

1/3

1245-1247 Milwaukee Ave, Glenview, IL for sale Interior Photo- Image 1 of 3 — Interior Photo

1245-1247 Milwaukee Ave, Glenview, IL for sale Interior Photo- Image 2 of 3 — Interior Photo

1245-1247 Milwaukee Ave, Glenview, IL for sale Floor Plan- Image 3 of 3 — Floor Plan

Built-out Medical Space with 12 Exam Rooms and Lab Area.

2nd Fl-Ste 1245-202
2,753 SF
Office/Medical
Full Build-Out
Now

1245-1247 Milwaukee Ave, Glenview, IL for sale Interior Photo- Image 1 of 1 — Interior Photo

Four Private Offices Mixed with Open Area for Workstations.

2nd Fl-Ste 1247-204
927 SF
Office/Medical
Full Build-Out
Now

1245-1247 Milwaukee Ave, Glenview, IL for sale Floor Plan- Image 1 of 1 — Floor Plan

Three Private Offices with a Large Reception Area.

2nd Fl-Ste 1247-205
952 SF
Office/Medical
Full Build-Out
Now

1/2

Move-in Ready Medical Space with Three Exam Rooms with Sinks and Reception Area.

3rd Fl-Ste 1245-300
3,693 SF
Office/Medical
Full Build-Out
Now

Seven Private Offices and Large Conference Rooms.

3rd Fl-Ste 1247-303
1,014 SF
Office/Medical
Full Build-Out
Now

Two Private Offices with Storage.

3rd Fl-Ste 1247-304
716 SF
Office/Medical
Full Build-Out
Now

One Private Office with Storage.

Space	Size	Space Use	Condition	Available
1st Fl-Ste 1245-101	1,650 SF	Office/Medical	Full Build-Out	Now
1st Fl-Ste 1245-102	2,168 SF	Office/Medical	Full Build-Out	Now
1st Fl-Ste 1247-100	5,900 SF	Medical	Full Build-Out	Now
2nd Fl-Ste 1245-202	2,753 SF	Office/Medical	Full Build-Out	Now
2nd Fl-Ste 1247-204	927 SF	Office/Medical	Full Build-Out	Now
2nd Fl-Ste 1247-205	952 SF	Office/Medical	Full Build-Out	Now
3rd Fl-Ste 1245-300	3,693 SF	Office/Medical	Full Build-Out	Now
3rd Fl-Ste 1247-303	1,014 SF	Office/Medical	Full Build-Out	Now
3rd Fl-Ste 1247-304	716 SF	Office/Medical	Full Build-Out	Now

Size

1,650 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

2,168 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

5,900 SF

Space Use

Medical

Condition

Full Build-Out

Available

Now

Size

2,753 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

927 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

952 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

3,693 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

1,014 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

Size

716 SF

Space Use

Office/Medical

Condition

Full Build-Out

Available

Now

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1245-1247 Milwaukee Ave, Glenview, IL - aerial map view

PROPERTY TAXES

Parcel Numbers	Multiple 04-32-101-026-0000 04-32-101-027-0000 04-32-101-031-0000 04-32-101-028-0000 04-32-101-029-0000 04-32-101-030-0000	Improvements Assessment	$168,536
Land Assessment	$477,514	Total Assessment	$646,050