Office Condo For Sale • 6,476 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| Ll Floor - Unit 1 | Medical Office | 6,476 SF | $475,000 USD | |
DescriptionSet in a park-like environment with flowing waterways and brick-paved roads and walkways; Located only minutes away from expressways, tollways, O'Hare International Airport and downtown Chicago; Lower level office space in the building. Sale NotesOwner user with Tenant Income |
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This 3 LEVEL 5,330 sq. ft. 2-story (plus finished lower level) professional office condo building is located in the prestigious Williamsburg Village, a comfortable commercial setting surrounded by park like landscaping, ponds, brick paver streets and a covered bridge. The property features an open entry foyer that provides access to all 3 levels. The first floor, is leased is 2,208sf features 6 private rooms, office area, reception area, large executive conference room with fireplace (can easily break into 2 private offices), and a washroom. The Second floor is 2,060sf & is leased, includes 11 private rooms & a washroom. The lower-level is 2,208sf & is partially leased. Small tenant on a MTM or buyer can occupy 550sf suite. Great opportunity for an owner/user who is tired of paying rent or an investor looking to lease office spaces with flexible configurations. Prime location across from Harper College, 5 minutes to I-90, 15 miles to O'Hare International Airport and 30 miles to Chicago Loop. 2023 (payable 2024) Real Estate Taxes are $22,000. Monthly association fees are $1,305 and includes exterior building maintenance and repairs, gutter cleaning, landscape services, snow removal services, pond maintenance, exterior painting, parking lot maintenance and repairs, sidewalk maintenance and repairs, common outside electrical, scavenger services, management fees, as well as attorney fees (RE Tax Protests).
| Situated in the prestigious Williamsburg Village, offering a professional office environment. |
| Just across from Harper College, only 5 minutes to I-90, 15 miles to O’Hare International Airport, and approximately 30 miles to downtown Chicago. |
| Offers a great opportunity for owner-users or investors. |
| Provides proximity to commercial services, dining, and professional networks within Inverness and nearby communities. |
| Cap Rate: | 4.35 % |
| Total Expenses: | $52,365 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Active Life Chiropractic | 2,208 SF | 7/31/2028 |
| Lower Level Suite B | 250 SF | |
| Pension Administrators Inc | 2,060 SF | 8/31/2028 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Palatine Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 8 min | - | 3.7 mi |
| Arlington Park Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 10 min | - | 4.5 mi |
| Airport | Drive | Walk | Distance |
| Chicago O'Hare International | 23 min | - | 16.3 mi |
| Chicago Midway International | 47 min | - | 32.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 8 |
| Type: | Surface |
| Included in Rent: | Yes |