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30039469
30039470

13011 S 104th Avenue, Palos Park, IL 60464

JM
IL 705768
Olivieri Real Estate LLC
Listed by Olivieri Real Estate LLC
$6,900,000
121 days on market
Updated 18 days ago

13011 S 104th Avenue

Details
APN 23331000150000
Property Type Office
Sub Type Medical Office, Traditional Office (+2)
Square Footage 36,622
Cap Rate 7.00%
NOI $494,706
Occupancy 100%
Rent Bumps Yes
Year Built 2004
Stories 3
Acreage 5.830
Zoning COMMR
Investment Type Stabilized

Medical Office | 7.00% CAP | 36,622 SF

Marketing description

Discover a PRIME opportunity to own a fully leased, turnkey Medical Office building with long-term, stable tenants-many in place for over a decade! Anchored by Heart Care Centers of Illinois, which occupies the entire first floor (18,311 SF) with a lease through 2035 and options extending through 2045, this property delivers reliable, long-term income from day one. The building totals approximately 36,622 square feet and has been professionally managed and meticulously maintained. Built in 2004, this modern, high-quality facility features a prominent marquee for tenant signage, new front sliding doors, rooftop solar panels, ample surface parking, and exclusive covered parking for tenants-enhancing convenience, accessibility, and overall comfort. Situated on 5.83 acres, the expansive site provides generous parking and effortless access for patients and staff. Additionally, Peace Village Senior Living is located directly north of the property and is home to approximately 285 residents. Many residents and employees are patients or clients of the existing tenants, further enhancing convenience and supporting natural cross-referral opportunities within the building. Location, Location, Location: Less than one mile from LaGrange Road with convenient access to major expressways including I-294, I-55, I-57, and I-355, the property is ideally positioned to serve a broad patient base throughout the southwest suburbs and greater Chicagoland area. This is a RARE opportunity to acquire a high-quality, income-producing medical office building in a prime location-an exceptional addition to any investment portfolio.
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Listing Contacts

JM
IL 705768
Olivieri Real Estate LLC
Listed by Olivieri Real Estate LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$494,706.00
$41,225.50/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

Map

Zoning

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C2 CommercialOfficeRestricted Office District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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