Northbrook Land For Sale — Sale in Northbrook, IL

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

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Northbrook Land For Sale — Sale in Northbrook, IL, photo 1 of 1

Description

Premier North Shore Development parcel adjacent to Lifetime's flagship Chicago club. The property provides fully unimpeded views from I-94 (Edens expressway) and is immediately South of the full interchange at Dundee Road. Northbrook, IL and the surrounding North Shore suburbs provide amongst the highest income and education levels in the Midwest. Zoning in place for an apporximately 85,000 SF office building, ideal for owner/occupier or BTS.

Market Context

This retail in Northbrook, IL is listed for sale. Compare it against other retail listings for sale 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 assets trade 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).

Estimated Price per SF

$56.15/SF – $408.36/SF

Mid: $170.15/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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