Office Building on 8.72 Prime Development-Ready Acres

Update:  This property is Off Market.

Beau Beach, CCIM presents:

$150,000 price reduction to ensure a timely sale!

This is the Alltech Associates corporate headquarters.  Alltech vacated after being acquired by a $5B company…which makes the property available for purchase today.

Buyers will likely target two potential uses of this property:  Updating and then occupying the existing office building or clearing the 8.72 acre parcel for new development.

Updating and then occupying the existing office building

The well-maintained building measures 60,479 SF and sits on 8.72 manicured acres.  The main floor is 33,169 SF with offices in the front and warehouse space in the rear.  The warehouse has four interior loading docks with levelers, 12’ ceilings, skylights and sprinkler system.

The lower level is 27,310 SF and is comprised of high quality storage and workshop space which is easily accessed by the 10,000 lb freight elevator that measures 8’x10’.

The property was built in 1970 and expanded in 1987…with plenty of acreage for additional expansion.

Substantial electric service (1600 amps, 480 volts, 3 Phase), 113 striped parking spaces with room for more, heating and cooling provided by rooftop package units, 6 bathrooms, cafeteria, 200 amp backup generator, two freestanding garages, pond and walking path that leads to nearby retail on Half Day Road (Panera, McDonald’s).

Take the Virtual Tour below.

Clearing the 8.72 acre parcel for new development

This parcel is currently zoned for office use.  The Village of Bannockburn has stated it will also consider uses related to senior care and senior housing on the site.  These uses will require Village approval.  All other uses will not be permitted.

Click here to get the Property Information Package.

LOCATION DESCRIPTION:

Attractive Bannockburn location between Midtown Athletic Club and Deerfield High School.  Close to the full interchanges at Hwy 41 and I-294 Tristate Tollway.

Bannockburn is a village in Lake County, Illinois. The population was 1,583 at the 2010 census. The village is considered part of the Chicago area’s “North Shore” region.

Bannockburn was founded by Scottish real estate developer William Aitken, who planned a community of “country estates” in inland Lake County. Named for the Scottish village of Bannockburn, Aitken designed his development for the affluent members of his bridge and country club. His plan for Bannockburn featured large lots to imitate country living, and this design has been preserved.

Gradually, Bannockburn expanded its boundaries to its current 1,318 acres.  The Tri-State Tollway was built through the village in the 1950s, encouraging growth. In the late 1960s Bannockburn’s citizens approved the construction of the first of several business parks…where the property is located today.

  • Sale or Lease: For Sale 
  • Price: $2,849,000 
  • Area: 8.72 acres 
  • Phone Number: 312-275-4440 
  • Space (s.f.): 60,479 SF 
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