2323 Capital Drive — Lease in Northbrook, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Northbrook, IL 60062

Description

This anchor opportunity at 2323 Capital Drive in Northbrook offers exceptional visibility at the intersection of Willow Road and Sanders Road, with daily traffic counts exceeding 46,500 vehicles. The property features convenient ingress and egress with multiple access points, including a fully signalized intersection. Located just off the full I-294 interchange, this site ensures excellent regional connectivity and accessibility. The center is surrounded by strong daily traffic generators such as LA Fitness, CVS, Starbucks, and other national retailers, delivering steady customer draws. Its position within the affluent North Shore market provides access to a population of over 79,000 residents within three miles and more than 268,000 within five miles. Daytime population exceeds 339,000, supported by significant corporate presence and robust commercial activity in the trade area. This location is well-suited for large format retail or specialty concepts seeking high visibility, operational efficiency, and proximity to an established consumer base.

Market Context

This retail in Northbrook, IL is listed for lease. Compare it against other retail listings for lease in Northbrook, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

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