Listed by Millennium Properties R/E
Unpriced
Highland Park Medical Office/ Development Site for Sale
Details
APN 16233111009000
Property Type Office
Sub Type Medical Office, Office/Tech
Square Footage 22,727
Units 18
NOI $153,954
Occupancy 80%
Tenancy Multi
Year Built 1986
Stories 2
Lot Size (SqFt) 12,584
Zoning B-5
Investment Type Value Add
Office | 22,727 SqFt
Marketing description
Available for sale is a 22,727 square foot two-story medical office building in Highland Park, IL. The property consists of 18 office suites and has multiple long-term tenants. Situated near the corner of Elm Place and St. Johns Avenue in vibrant downtown area, this property benefits from its location just a block away from the the Metra Train Station and public transportation. Additional parking is available from the easement with the adjacent lot to the south. Area features significant barriers to entry, with few available sites for purchase
Highland Park is an affluent suburb located in approximately 25 miles north of Chicago in the North Shore. The city has a vibrant downtown with shopping, restaurants and more.
Investment highlights
- Two-story medical office building
- 18 office suites
- Below market rents
- Several long-term medical tenants
- In-place income with upside potential
- TOD site with access to adjacent parcel
- Ample parking
- Close proximity to Highland Park Metra Station
- Potential for residential redevelopment
- Land area: 12,584 SF
- Nearby attractions: Walgreen's, Pottery Barn, Dunkin', McDonald's, Walker Brothers Original Pancake House, plus a multitude of high-end restaurants, theaters, gyms, chic boutiques and spas
- Zoning: B-5
Listing Contacts
Listed by Millennium Properties R/E
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$153,954.00
$12,829.50/mo
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