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2nd Floor - Unit 2a-b
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Medical Office
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4,681 SF
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$795,000 USD
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Unit Size: 4,681 SF
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Condo Use: Medical Office
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Price: $795,000 USD
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Sale Type: Investment
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Price/SF: $169.84 USD
Description
This offering is for the purchase of 2 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 includes 2 condos totaling 4,681 square feet occupied by ATI Physical Therapy. The have been tenants for many years and are currently under lease thru 2.28.28. The seller is one of the neighboring tenants and is marketing his 9,800 SF space for lease or sale as well if buyer has a desire to become an owner occupant. This flexibility presents an excellent opportunity to purchase 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. Please ask listing agent for details. Lease terms and HOA documents are
available by request from LA, tenants are currently paying $21.36 gross. Multiple PINs ending in 1008 and 1009.
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2nd Floor - Unit 2c
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Medical Office
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9,800 SF
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$2,205,000 USD
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Unit Size: 9,800 SF
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Condo Use: Medical Office
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Price: $2,205,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $225.00 USD
Description
This offering is for the purchase of 1 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 is for 9,800 square feet which is nearly 45% of the second floor. The seller is one of the tenants and is willing to relocate in a timely manner to be negotiated during due diligence. Please ask listing agent for details.
Sale Notes
Prime investment opportunity or owner occupant.
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Jeffrey Schultz
Kinzie Brokerage LLC
