2000 McDonald Rd - Medical FOR SALE


South Elgin, IL 60177- Elgin/Dundee
$12,200,000 USD
630-444-0444
2000 McDonald Rd, South Elgin, IL for Sale
$12,200,000 USD
Medical - FOR SALE
1/2
null | 7% Cap Rate

2000 McDonald Rd
South Elgin, IL 60177
Elgin/Dundee


HIGHLIGHTS

  • Unique opportunity to acquire a first-class 97% occupied mixed use Medical and Business office property.
  • The entire first floor is occupied by an Internationally recognized Early Learning and Child Care Center.
  • The building is located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station
  • This property is surrounded by residential, including Robin Glen, Thornwood, Sugar Ridge, River Ridge, The Springs at South Elgin and more!
  • This professionally managed building has all the physical and locational attributes needed for long term and renewed occupancy success
  • Financials available upon receipt of signed CA

OVERVIEW

The Medical & Legal Arts Building in South Elgin, Illinois, is a multitenant medical and professional building which provides a unique opportunity for an investor to purchase a long-term, in-place income stream. The Class A medical office building has strong medical & professional tenancies, including a 15 year lease with a national well-capitalized daycare occupying the first floor of the building. First-class 97% occupied mixed use Medical and Business office property. The tenant base contains credit solid local and nationally recognized businesses. Newly paved ample parking areas, tasteful fully irrigated landscaping, brick enclosed waste receptacle areas, upgraded fire alarm and computerized HVAC systems with M-13 filtration, are just some of the hallmarks of this rarely available property. The building is located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station, and within site of the North South Corridor for retail on Randall Road.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

252

LAND DETAILS

LAND ACRES

3.18 AC

LAND SF

138,521 SF

ZONING

-

APN/PARCEL ID

06-32-400-024

ASK ABOUT THIS PROPERTY

Kevin O'DonnellO'Donnell Commercial Real Estate Inc.More Info
630-444-0444

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Kevin O'DonnellO'Donnell Commercial Real Estate Inc.More Info
630-444-0444

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