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31481555

1300 N Highland Ave, Aurora, IL 60506

DW
IL 475153121, IL
Quantum Real Estate Advisors
BB
475.161432
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors
$3,330,000
89 days on market
Updated 89 days ago

1300 Highland Medical Center

Details
Property Type Office
Sub Type Medical Office
Square Footage 20,774
Units 7
Cap Rate 8.49%
NOI $282,862
Occupancy 97%
Tenancy Multi
Brand/Tenant Aurora Eye Clinic
Price per SqFt $160
Year Built 1979
Buildings 1
Acreage 3.500
Zoning O
Parking Spaces 234 spaces
Parking Per SqFt 11.26
Investment Type Stabilized

Office | 8.49% CAP | 20,774 SqFt

Investment highlights

Stabilized Investment Opportunity - 97% leased multi-tenant medical office building with a Weighted Average Lease Term of 8.42 years, anchored by Aurora Eye Clinic, who just executed a new 12-year lease and expanded their footprint by 85%, now occupying over half the building through 2038

Below Replacement Cost - The property is being offered at $160/SF, well below replacement cost, providing investors the opportunity to acquire a high-quality asset in the heart of Aurora’s medical district

Prime Healthcare-Adjacent Location - The property benefits from an exceptional location directly across the street from Mercy Medical Center, a 1.3 million square foot medical campus anchored by a 292-bed hospital offering specialized services and 24/7 emergency care

Strong Tenant Mix - The property is anchored by Aurora Eye Clinic (20+ years of occupancy) and features a complementary mix of other medical providers and services. The

immediate proximity to a major healthcare provider drives consistent traffic and demand, supporting long-term tenancy

Exceptional Demographics - Asset is located within an affluent suburb of Chicago with over 163,612 residents and an average household income of $118,600 within a 5-mile radius of the site

Neighboring Medical Tenants - Surrounded by medical tenants such as; Mercy Medical Center, Advocate Outpatient Center, Rush Copley Medical Center, Mercy Behavioral Health, Genoa Healthcare, Avantara Aurora, and more

Listing Contacts

DW
IL 475153121, IL
Quantum Real Estate Advisors
BB
475.161432
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$282,862.00
$23,571.83/mo

Valuation Metrics

0
DSCR
8.49%
Cap Rate
8.49%
ROI

Map

Zoning

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O CommercialOfficeOffice
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View all 159 uses
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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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