Property Details

  • The Reserve at Salem Lake is a multi-tenant office building, with two main 60,000 square foot offices, situated on 37 acres in Long Grove, Lake County, Illinois
  • The Reserve is a perfect existing corporate headquarters facility for companies that have 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
  • The Reserve 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
  • The Reserve is best suited for a company in need of approximately 60,000 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