Sales Price subject to offer.
Transwestern Commercial Services exclusively presents the commercial real estate for sale offering for the property located at 21660 W. Field Pkwy, Deer Park, Illinois. The subject property for sale is a 54,000 square foot condominium ownership interest, 3-story, Class A suburban office building located on a primary site of 4.96 acres. Also included in the sale is an adjacent and graded 3.02 acre land site to the immediate northeast.
The 93% condominium interest includes 54,000 rentable square feet out of 58,000 total building square feet. Of the 54,000 Square feet included in the sale, approximately 49,000 square feet are currently occupied by entities affiliated with the current ownership that will vacate at sale; there is one 3rd party tenant occupying 4,900 square feet that will remain. There are two more condominium owners that will also remain in the building whose combined square footage totals approximately 4,000 square feet and those condominium interests are not included in this sale offering.
21660 W Field Parkway is a beautiful Class A building located in a premier suburban location.
The building’s interior is 100% built-out, with modern, creative features including high quality interior design and furnishings, accent lighting, open ceilings, nicely designed natural light penetrations, glass wall partitions, and several common area cooperative and collaborative social areas and amenities, including work-out rooms, a gym, and lockers.
Most of the 1st floor is built-out as modern, collaborative office space with the workout and gym facilities, while the 2nd and 3rd floors are built-out as modern and innovative medical office space.
The zoning is PD-Planned Unit Development (PUD). Any future development project on the vacant land site will require formal village planning and zoning approvals and update to the PUD.
This real estate investment offers either an owner occupant or investment opportunity for continued use as office, institutional, or health care and medical. The vacant land site is well positioned for future development categories such as residential town homes, condominium, multifamily, or another freestanding commercial use compatible to the area.