1048-1054 Norwood Ln - Office FOR SALE


Bartlett, IL 60103
$1,350,000 USD
630-201-4130
1048-1054 Norwood Ln, Bartlett, IL for Sale
$1,350,000 USD
Office - FOR SALE
1/19
null | 6% Cap Rate

1048-1054 Norwood Ln
Bartlett, IL 60103


HIGHLIGHTS

  • 100% Occupancy Lease Until 2028 and 2031    
  • Capital Improvements- Newer Roof and AC Units
  • Medical Build Out with Sinks in Exam Rooms and Private Bathrooms

OVERVIEW

Investor Opportunity. Long term Tenants anchored by Adovate Medical, 5,239 sq ft Single Story Building. Built in 1996 with recent Capital Improvements of New Roof 2023, and 3 AC Units. Located along Rt 59 Corridor with high traffic counts and Strong Financial Demographics. 100% Occupancy with Leases extended at 3% escalation. Long Standing Tenant Advocate Health and Hospitals until October 2028 and Hoffmeister Dental leased through April 2031.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norwood Professional Bldg

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B-3

APN/PARCEL ID

01-04-408-010

ASK ABOUT THIS PROPERTY

Rudy JohnsonKothe/Johnson Collaborative KW InspireMore Info
630-201-4130

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Rudy JohnsonKothe/Johnson Collaborative KW InspireMore Info
630-201-4130

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