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2nd Floor - Unit 2a-2c
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Medical Office
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12,800 SF
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$3,400,000 USD
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Unit Size: 12,800 SF
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Condo Use: Medical Office
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Price: $3,400,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $265.63 USD
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.
Sale Notes
Prime investment opportunity or owner occupant.
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Jeffrey Schultz
Kinzie Brokerage LLC
