13011 S 104th Ave - Medical FOR SALE


Palos Park, IL 60464
$7,100,000 USD
708-719-3444
13011 S 104th Ave, Palos Park, IL for Sale
$7,100,000 USD
Medical - FOR SALE
1/10
null | 7% Cap Rate

13011 S 104th Ave
Palos Park, IL 60464


HIGHLIGHTS

  • Strong Anchor Tenant – Heart Care Centers of Illinois occupies 18,311 SF with lease through 2035
  • Prime 5.83-Acre Site – Ample surface parking plus exclusive covered tenant parking
  • Fully Leased Medical Office Building
  • Excellent Accessibility – Less than one mile to LaGrange Road with convenient access to I-294 & I-55

OVERVIEW

Discover a PRIME opportunity to own a fully leased, turnkey Medical Office building with long-term, stable tenants—many in place for over a decade! Anchored by Heart Care Centers of Illinois, which occupies the entire first floor (18,311 SF) with a lease through 2035 and options extending through 2045, this property delivers reliable, long-term income from day one with a solid 7% CAP Rate! The building totals approximately 36,622 square feet and has been professionally managed and meticulously maintained. Built in 2004, this modern, high-quality facility features a prominent marquee for tenant signage, new front sliding doors, rooftop solar panels, ample surface parking, and exclusive covered parking for tenants—enhancing convenience, accessibility, and overall comfort. Situated on 5.83 acres, the expansive site provides generous parking and effortless access for patients and staff. Additionally, Peace Village Senior Living is located directly north of the property and is home to approximately 285 residents. Many residents and employees are patients or clients of the existing tenants, further enhancing convenience and supporting natural cross-referral opportunities within the building. Location, Location, Location: Less than one mile from LaGrange Road with convenient access to major expressways including I-294, I-57, I-55, and I-355, the property is ideally positioned to serve a broad patient base throughout the southwest suburbs and greater Chicagoland area. This is a RARE opportunity to acquire a high-quality, income-producing medical office building in a prime location—an exceptional addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peace Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

5.88 AC

LAND SF

256,133 SF

ZONING

B-2

APN/PARCEL ID

23-33-100-015-0000

ASK ABOUT THIS PROPERTY

Jacqueline MontvidasOlivieri Real EstateMore Info
708-719-3444

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Jacqueline MontvidasOlivieri Real EstateMore Info
708-719-3444

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