630-368-8609
8-18 E Scranton Ave, Lake Bluff, IL for Sale
Office - FOR SALE
1/6
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8-18 E Scranton Ave
Lake Bluff, IL 60044
Village of Lake Bluff


HIGHLIGHTS

  • Diverse Income Stream with Value-Add Opportunity
  • Recent Leasing Momentum underlying Real Estate Fundamentals
  • Prime Location in Downtown Lake Bluff
  • LaAdjacent to the Lake Bluff Metra Stop which provides additional traffic by the Property and ease of access to Non-Lake Bluff residents
  • Affluent Demographics with Diverse Consumer Base
  • Lake County Tax Advantage

OVERVIEW

CBRE is pleased to present, as exclusive advisors, Village Commons, a 22,596 SF mixed-use building in the heart of downtown Lake Bluff. The Property is well-positioned within the heart of downtown Lake Bluff, located one block from the Metra station, four miles from I-294, and one mile west of Lake Michigan. The Property’s proximity to the train station and major thoroughfare serves as a draw for the numerous affluent residents that live within the area. As of 2024, Lake Bluff was considered the 15th best suburb to live in Illinois and received an A+ Niche Grade Overall. The Property contains a mix of retail and legacy office tenants, each with a unique specialty, thus emphasizing and adding to the ambiance of Lake Bluff. Additionally, the Property has experienced recent leasing momentum that underlines the important retail fundamentals. With over 10,000 SF of space either extended or renewed, investors can be confident in the desirability of the Property and the commitment of the tenants to stay in their location. Moreover, future owners can step in and lease up to 5,122 SF of vacant space, thus boosting revenue. Village Commons tells a fantastic story and serves as an example of how important it is to meet the needs of the tenants, residents, and village. Ownership will have the unique opportunity to take part in what has served as a staple to the Lake Bluff community by enhancing the area’s appeal and vibrancy.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Bluff Village Commons

PROPERTY TYPE

Office

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CBD, Lake Bluff

APN/PARCEL ID

12-21-109-022

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.