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Unit Size: 2,842 SF
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Condo Use: Medical
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Price: $625,000 USD
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Sale Type: Investment
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Price/SF: $219.92 USD
Description
Premier Office Condominium Investment in Libertyville. Exceptional 2,700-square-foot office condominium ideally located on the west side of Libertyville, with excellent access to Route 45, Route 137, Winchester Road, Condell Medical Center, and I-94. This upscale, architecturally distinctive office building offers an elegant and professional lobby that creates an outstanding first impression for patients, clients, and customers. The suite is filled with natural light through expansive windows and features panoramic views, creating an inviting and professional environment. Currently leased to Advocate Health Care through December 2029, this property offers an attractive investment opportunity with an established, Grade-A healthcare tenant. Advocate Health Care has occupied the space since 2021, and the space has operated as medical office without interruption since 2010, demonstrating a strong history of tenancy and location appeal. The building provides two elevators, ample parking, excellent visibility, and convenient access to major roads and area amenities. Its versatile layout and prominent location make it well suited for medical, professional, or other office uses. A premier Libertyville location combined with a long-term, established tenant makes this an outstanding office investment opportunity.
Sale Notes
Investment Opportunity Summary
This is a 2,700-square-foot office condominium in Libertyville, Illinois, positioned as a relatively low-management commercial investment because it is already leased to Advocate Health Care through December 2029.
Key investment highlights:
Established healthcare tenant: Advocate Health Care has occupied the suite since 2021.
Long-term occupancy history: The space has continuously operated as a medical office since 2010, supporting the property's suitability for healthcare use.
Strong location: West Libertyville with convenient access to Route 45, Route 137, Winchester Road and I-94, as well as proximity to Advocate Condell Medical Center.
Professional property: Upscale building, attractive lobby, expansive windows, natural light and panoramic views.
Functional amenities: Two elevators, ample parking and good visibility.
Flexible future use: Medical, professional and other office uses could potentially be accommodated.
Lease runway: The current lease provides approximately 3+ years of remaining term as of August 2026, giving the buyer predictable occupancy through the end of 2029 and 3% annual rent increases. Current tenant has a 3 year option to renew in 2029 at future market rates.
Nathan Freeborn
Redfin
