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191 Waukegan Road

Northfield, IL

191 Waukegan Road, located in the north shore suburb of Northfield, IL, presents an opportunity to acquire a well-maintained, three-story Class “B” office asset with a secure cash flow stream and significant leasing upside (the property is 82% occupied). Seven of its 22 tenants have been in the property for over 10 years and seven others for at least five years. Rents are significantly lower (average $24 psf) than Class “A” properties nearby – by an average of over $8 psf, providing smaller tenants with a quality, low-cost product in a strong market. The property sits on the east-side of heavily traveled Waukegan Road in a dense, amenity-rich infill location just south of Willow Road, which provides easy access (within minutes) to I-94 to the east and I-294 to the west.