1604 N Main St - Medical FOR SALE


$1,600,000 USD
312-269-0220
1604 N Main St, Wheaton, IL for Sale
$1,600,000 USD
Medical - FOR SALE
1/1
null | 6.04% Cap Rate


OVERVIEW

?Single-tenant medical office building leased to Animal Dermatology Group Inc. under a net lease with more than 10 years of remaining term, 3% annual rental increases, and (2) 5-year renewal options, providing long-term income stability ?Animal Dermatology Clinic is one of the nation's largest veterinary dermatology practices, operating an extensive and rapidly expanding network of specialty clinics in 22 states and is dedicated to animal skin and allergy care ?The property is situated within one of the strongest demographic profiles in the Chicago metropolitan area, benefiting from a strong consumer base of more than 240,000 residents with an average household income of $147,400 within a five-mile radius of the site ?Wheaton is one of DuPage County's most established communities, where limited development sites, strong zoning regulations, and consistently high demand have contributed to long-term real estate value and investment strength ?The asset is surrounded by numerous medical offices, healthcare providers, and professional businesses, creating a well-established healthcare corridor that generates consistent patient traffic. Located along Main Street, the property benefits from excellent visibility and convenient access to downtown Wheaton ?Surrounded by tenants such as Jewel-Osco, The Home Depot, Walgreens, Qdoba, Jersey Mike's, Wendy's, Northwestern Medicine, Wheaton Eye Clinic, Northern Illinois Foot & Ankle, The Dental Studio, and more

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$513 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

C3, Wheaton

APN/PARCEL ID

05-09-107-003

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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