Active · For Sale · Office/Tech

655 Rockland Road, Lake Bluff, IL 60044

MLS #12803856

655 Rockland Road, Lake Bluff, IL 60044
655 Rockland Road, Lake Bluff, IL 60044CRER
655 Rockland Road, Lake Bluff, IL 60044

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655 Rockland Road, Lake Bluff, IL 60044

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The property

Executive summary

Located in a highly accessible Lake Bluff corridor, 655 Rockland Rd is a well-maintained multi-tenant office property featuring 31 professional suites with only 3 current vacancies-offering strong in-place occupancy and immediate income stability. The building presents beautifully with a tree-lined frontage that creates an inviting, professional setting for tenants and visitors alike. The property includes 41 on-site parking spaces, providing ample convenience for tenants and guests. Ideally situated just moments from both I-94 and Route 41, it offers exceptional regional accessibility. A turnkey asset in a desirable location, this is an outstanding investment opportunity with additional upside potential, including future redevelopment possibilities. Four PINS - 12-19-203-010, 12-19-203-011, 12-19-203-012, 12-19-203-013

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$166,606
Reported Annual Expenses
$63,833
Estimated NOI
$102,773
Estimated Cap Rate
0.69%
Estimated GRM
89.73
Annual Taxes
$25,472 (2025)

Property Details

Units
31
Building Size
12,822 SF
Lot Size
21,363 SF
Lot Acreage
0.49
Lot Dimensions
123x175x121x175
Stories
3
Year Built
1989
Building Age
36-50 Years
Construction
Brick
Roof
Flat, Gable, Pitched, Composition, Membrane
Zoning
COMMR
Parcel Number
12192030100000

Operations & Utilities

Heating
Central Bldg Heat, Forced Air, Gas
Cooling
Central Air
Tenant Pays
Electricity, Other
Electric
Circuit Breakers
Water Source
Municipal Water
Utilities
Electric to Site, Natural Gas Available, Sewer Connected, Water Available
Possession
Closing

Location & Use

County
Lake
Market Area
Lake Bluff
Township
Shields
Present Use
Commercial, Office
Potential Use
Commercial, Office, Elderly
Frontage
City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.