Property Details

  • Salem Lake is a 150,000 square foot, single office building situated on 37 acres in Long Grove, Lake County, Illinois
  • Salem Lake is a perfect existing corporate headquarters facility for a company that has the foresight to commit long term during this favorable real estate market window and reduce their occupancy costs by up to 75%, but more importantly, improve production and efficiency with employees
  • Salem Lake is unique, a contradiction:
    • Busy suburban Chicago yet quiet, remote and loved by employees
    • Older yet very substantial with a design that feels like a retreat, a park
  • Asking Rent – $18.00 per square foot year-one gross rent, with a base-year stop for tax and operating expenses
  • Replacement cost would exceed $250 per square foot
  • Salem Lake is best suited for a company in need of 100,000 to 150,000 square feet.  The primary floors one and two are each 60,000 square feet, with open floor plans.
  • 446 parking spaces total
  • A three-level garage, with seven covered walkways to the building provides 194 covered parking spaces
  • Built in two phases in 1975 and 1981 by CF Industries, a $12 Billion publicly traded company, for their corporate headquarters and occupied solely by them until 2008
  • Exceptionally well built
  • Gated entrance with guard house
  • Monument sign on Route 22 and Salem Lake Drive
  • Large lake with scenic woodlands, wildlife and waterfowl
  • Extensive window lines and an abundant number of offices with lakeside views
  • Attractive courtyards and over 100 mature trees
  • Near Kemper Lakes Golf Course
  • Open floor plans with exposed wood roof trusses with ceiling heights in excess of 11 feet
  • Improvements include:
    • Corporate executive offices
    • Executive offices
    • Large boardroom which seats 30 with projector room
    • Numerous conference rooms
    • Auditorium with stage, projector room, collapsible riser seating, accommodating 100 people
    • A video production studio with high ceilings and specialty lighting, designed and used for professional photography and company video commercials
    • Full kitchen and cafeteria with executive dining room
    • Fitness area with separate men’s and women’s  locker rooms, showers and saunas
    • 80 kVA Parallel Uninterruptible Power Supply (UPS) System
    • Backup power with two generators:  one natural gas and one diesel
    • Cat 5 cable is wired to 200 stations and can accommodate up to 500 stations
    • Under-floor electrical wiring and data/communication cable distribution systems (Walker Duct)
    • Muzak sound/PA system
    • Mail room
    • Loading docks