Essex Tapped To Sell North Shore Office Portfolio
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market for sale two mixed-use properties located in the affluent north shore suburbs of Winnetka and Wilmette. The properties are available for sale individually or as a portfolio. 874 Green Bay Road in Winnetka is available for $1,550,000. 1215 Washington Avenue in Wilmette is available for $1,525,000. The properties are listed by the Essex team of Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd.
874 Green Bay Road is situated on the southwest corner of Green Bay Road and Tower Road, just one block south of the Hubbard Woods Metra station. This three-story building contains approximately 6,352 net rentable square feet currently divided among 29 offices. The building is equipped with one shared kitchen on the second floor and includes five parking spaces. There are two income-producing cell towers located on-site and included in the sale. This property benefits from strong historical collections, current occupancy of 97%, and its great location in Winnetka’s vibrant Hubbard Woods commercial district.
1215 Washington Avenue is located just west of Green Bay Road and one-half block from the Wilmette Metra Station. This three-story building contains approximately 6,915 net rentable square feet currently divided among 12 office spaces. There is one income-producing cell tower located on site and included in the sale. This property benefits from strong historical collections, current occupancy of 98%, and its great location in Wilmette’s vibrant downtown commercial district.
Both buildings are well maintained and have undergone recent renovations. An investor or owner-operator has the rare opportunity to acquire attractive stabilized mixed-use properties in excellent locations at very attractive capitalization rates.
Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.
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