17958-17960 Halsted St - Freestanding FOR SALE


Homewood, IL 60430
$2,460,000 USD
17958-17960 Halsted St, Homewood, IL for Sale
$2,460,000 USD
Freestanding - FOR SALE
1/11
null | 6% Cap Rate

17958-17960 Halsted St
Homewood, IL 60430


HIGHLIGHTS

  • Long Term Lease with 3% Annual Increases
  • Commitment to site with Recent Expansion
  • Minimal Landlord Responsibilities
  • Recession Resistant Tenant
  • Washington Park Plaza Outparcel

OVERVIEW

CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire the fee simple interest in a freestanding Local MD Urgent Care located within Washington Park Plaza in Homewood, Illinois. The property is leased to Illinois Urgent Care, LLC, operating as Local MD Urgent Care, under a long-term lease. In October 2024, the Tenant executed a major expansion and 10-year lease extension, further solidifying its long-term commitment to this location. Local MD Urgent Care recently expanded to occupy the full 4,278 rentable square feet of the building, and the lease includes three (3) additional 5-year renewal options, offering long-term stability and future growth potential. Strategically positioned within Washington Park Plaza, Homewood’s premier retail destination, the property benefits from strong, consistent foot traffic generated by top national retailers including Best Buy, TJ Maxx, Ross Dress for Less, Old Navy, Five Below, Party City, and Petco. The center attracts approximately 2.8 million annual visitors, creating a robust environment that supports Local MD’s essential healthcare services. Operated by experienced healthcare professionals, Local MD Urgent Care provides a comprehensive array of services including urgent care, occupational medicine, imaging, laboratory diagnostics, family medicine, addiction treatment, psychiatric care, and other community-focused healthcare offerings.

FOR SALE DETAILS

PRICE

$2,460,000 USD

PRICE/SF

$586 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Local MD Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

B-4

APN/PARCEL ID

29-32-401-036-0000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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