HIGHLY DESIRABLE REGIONAL RETAIL DESTINATION IN THE GREATER CHICAGO METROPOLITAN AREA
The Village of Northbrook is located approximately 26 miles north of downtown Chicago and approximately 9 miles from O’Hare International Airport. It is a home rule community incorporated under the laws of the State of Illinois. It is a suburban community of approximately 35,000 residents and a diverse economic base located in the northern section of Cook County, Illinois. In 2022, the average household income is $194,167. Northbrook is a thriving, progressive community and home to several corporate headquarters, an upscale mall, a charming downtown, and several public transit resources. A family-oriented community, residents enjoy a variety of events and recreational opportunities, a newly remodeled library, award-winning parks and natural areas, five highly ranked school districts, religious diversity, dining and retail choices, and high quality municipal services. Northbrook has a diverse blend of rich history and strong civic-minded leadership.
Northbrook’s robust commercial and industrial districts can be attributed to its geographical location of being east of the Tri-state (I-294) Tollway and west and south of Interstate I-94. The commercial and industrial districts make up approximately 16% of the land use in Northbrook. The retail sector is anchored by the 1-million SF Northbrook Court mall, 417,000 SF Willow Festival shopping center and 335,000 SF Village Square shopping center. The Village is unique in that it ranks in the top 10 Illinois’ wealthiest communities with a population of 25,000 and over, and yet has large industrial districts.
The Village of Northbrook is approximately 13 square miles in land area and features a diverse mix of land use. Single-Family and Multi-Family Residential makes up about 44% of the land use in the Village. Of note, Multi-Family Residential development has steadily increased over the past few years. 2022 estimates indicate that the median year a house was built in Northbrook is 1974, and an estimated 61% of the housing stock was built in 1979 or earlier. Current housing market data shows the average home sales price over the past 12 months is $559,580, with an average of 60 days on the market.