1220 Meadow RdNorthbrook, IL 60062

This three-story, 16,659 square foot medical office building in downtown Northbrook, IL, presents a compelling investment opportunity. Boasting an 8.01% cap rate and a strong NOI of $236,309, the property is anchored by five established dental and orthodontic practices, a Huntington Bank branch, and Franz Jewelers. The building, constructed in 1979, sits on a 0.84-acre lot and offers ample parking. A 1,150 square foot move-in-ready medical suite with sinks and abundant natural light is currently available. Conveniently located near the Northbrook Metra station, Village Hall, library, and numerous restaurants and retailers, this property benefits from a prime downtown location and high visibility. The building also includes a lower-level conferencing room and basement storage. The current occupancy is 94%, with potential for 100% occupancy. This property offers a blend of stable income and significant upside potential in a highly desirable location. The asking price is $2,950,000.