123 E Lake St - Office FOR SALE


Bloomingdale, IL 60108
$3,826,129 USD
630-805-0497
123 E Lake St, Bloomingdale, IL for Sale
$3,826,129 USD
Office - FOR SALE
1/3
null | 7% Cap Rate

123 E Lake St
Bloomingdale, IL 60108


OVERVIEW

Marketed in conjunction with 125 E Lake Street. Located in the heart of Bloomingdale, Illinois, 123-125 E. Lake Street is a well-positioned multi-tenant office property totaling approximately 30,000 square feet across two buildings on 1.3 acres. Originally constructed in the 1970s and updated over the years, the property offers excellent visibility along Lake Street, ample on-site parking, and flexible office suites that accommodate a variety of professional and medical users. Surrounded by retail, dining, and business amenities, the property provides an accessible and established office environment. - Professional multi-tenant office buildings with suites ranging from approximately 500 SF to 1,200 SF - 93% occupied with 28 tenants in diversified industries - Largest tenant is less than 7% of building square footage and 9% of rental revenue - 50% of the tenants have occupied the building for 9+ years - High visibility frontage along heavily traveled Lake Street (US-20). - Individual office suites, each with private restrooms. - Vacant units are in move-in condition - Recently renovated parking lot with more than 85 parking spaces - Well maintained buildings

FOR SALE DETAILS

PRICE

$3,826,129 USD

PRICE/SF

$319 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Professional Centre

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

B2

APN/PARCEL ID

02-15-200-059

ASK ABOUT THIS PROPERTY

Steve StonerSCGroup Real EstateMore Info
630-805-0497

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

Steve StonerSCGroup Real EstateMore Info
630-805-0497

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