1021-1041 Bonaventure Dr - Medical FOR SALE


Elk Grove Village, IL 60007- Des Plaines/Arlington Hts Corridor
$999,000 USD
847-529-8311
1021-1041 Bonaventure Dr, Elk Grove Village, IL for Sale
$999,000 USD
Medical - FOR SALE
1/11
null | 8.2% Cap Rate

NEW


1021-1041 Bonaventure Dr
Elk Grove Village, IL 60007
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • Free-standing office building with three separately metered units.
  • Tenant income is currently in place.
  • Extensive interior and exterior renovations completed between 2017 and 2019.
  • Roof and multiple HVAC units were replaced in 2017.
  • Direct access to Interstate 290 and Interstate 390.
  • Approximately 3,000 SF available for owner occupancy or future leasing.

OVERVIEW

1041 Bonaventure Drive presents an opportunity to acquire a free-standing office building in Elk Grove Village, one of the Chicago region's most established business communities. The property consists of a three-unit, separately metered office building with existing tenant income in place, offering flexibility for investors seeking cash flow as well as owner-users requiring future occupancy options. Approximately 3,000 SF is available for lease or owner occupancy, creating additional upside through leasing or business expansion. The asset has undergone significant capital improvements, including roof replacement and multiple HVAC unit replacements in 2017, along with extensive interior renovations completed between 2017 and 2019. Improvements include updated flooring, LED lighting, electrical and data upgrades, plumbing enhancements, remodeled ADA-accessible restrooms, kitchen installations, fire alarm system upgrades, fresh interior finishes, and parking lot repairs and resurfacing. These upgrades reduce near-term capital expenditure requirements and enhance functionality for a variety of office users. The property benefits from direct access to Interstate 290 and Interstate 390, providing convenient connectivity throughout the Chicago metropolitan area and to O'Hare International Airport. Its location within Elk Grove Village places it near restaurants, retail amenities, entertainment options, and one of the region's largest concentrations of commercial and industrial employers. Combined with its flexible multi-tenant configuration, recent renovations, and established location, the property offers a compelling opportunity for investors and owner-users alike.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

8.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

B-3

APN/PARCEL ID

08-31-400-045-0000

ASK ABOUT THIS PROPERTY

Rosanna DeFrenzaBerkshire Hathaway American HeritageMore Info
847-529-8311

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Rosanna DeFrenzaBerkshire Hathaway American HeritageMore Info
847-529-8311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.