REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,400,000
Est. payment | /mo
296,856 SqFt
$ 3,400,000
Est. payment | /mo
296,856 SqFt
Key Details
Property Type Other Types
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 296,856 sqft
Price per Sqft $11
MLS Listing ID 10838251
Year Built 2007
Annual Tax Amount $94,056
Tax Year 2020
Lot Dimensions 496X597
Property Sub-Type Office/Tech
Property Description
This offering is for the purchase of 3 of the 21 condos located in this 3-story building with an abundance of parking, covered drop off entry, modern elevators, and wet sprinkler system. Multi-tenant condo medical center built in 2007 located just a block west of Kedzie and 1.5 miles south of I-80 with nearby access to I-57 and I-294. The 62,000 square foot center is situated on several acres of a planned development and is across the street from Advocate South Suburban Hospital. This proximity to the hospital provides a competitive advantage for condo owners and tenants that include a pharmacy and multiple diverse medical professionals with primary and ancillary medical services. The offering also includes 3 condos totaling 12,800 square feet which is nearly 75% of the second floor. The 3 condos are 80% occupied with multi-year tenants including a foot doctor and a physical therapist. The seller is one of the tenants and is willing to sign a long-term lease or vacate if the buyer wishes to become an owner occupant. This flexibility presents an excellent opportunity to purchase these 3 condos in a well-located anchored center that is cash flowing, while maintaining the ability to add value through lease-up of some remaining vacant spaces. Individual units are also available for sale, please ask listing agent for details. Lease terms and HOA documents available by request from LA, tenants are currently paying $21NNN. Multiple PINs ending in 1008, 1009 & 1010. See attached brochure.
Location
State IL
County Cook
Area Hazel Crest
Zoning OFFIC
Interior
Heating Central Bldg Heat, Central Heat/Indiv Controls, Electric
Cooling Central Air, Central Individual
Exterior
Garage Spaces 300.0
View Y/N true
Total Parking Spaces 300
Building
Dwelling Type Office/Tech
Story 3
Architectural Style Office/Tech
Others
Tax ID 28352040391008
Miscellaneous Elevator/s Passenger,Handicapped Access,Handicapped Equip Washroom/s,Private Restroom/s,Public Restroom/s
MRED as distributed by MLS GRID.
Listed by Kinzie Brokerage LLC
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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