2550 S Oak Park Ave - Medical FOR SALE


Berwyn, IL 60402- West Cook
$1,320,000 USD
312-269-0220
2550 S Oak Park Ave, Berwyn, IL for Sale
$1,320,000 USD
Medical - FOR SALE
1/15
null | 7.5% Cap Rate

2550 S Oak Park Ave
Berwyn, IL 60402
West Cook


OVERVIEW

Stabilized Investment Opportunity - 100% leased dual-tenant medical plaza with a WALT of 6.45 years, Teamsters Local 727 occupying 81% of the building through 2033 with two renewal options extending to 2043, and Forever Dental, a tenant in the building since 1994 Exceptional Demographics - Asset is located within a dense and affluent area with over 545,422 residents and an average household income of $92,600 within a 5-mile radius of the site Location, Location, Location! - The property is ideally situated one mile east of North Riverside Park Mall, a dominant regional retail destination offering over 1 million square feet of shopping, dining, and entertainment. The mall attracts approximately 5.6 million visitors annually, driving strong consumer traffic to the surrounding area Neighboring National Tenants - Surrounded by national tenants such as; Costco, Best Buy, Hobby Lobby, Kohl’s, Michaels, Marshalls, 7-Eleven, Raising Cane’s, Wendy’s, and more High Traffic Intersection - The property is located at the signalized intersection of South Oak Park Avenue and West 26th Street, benefiting from strong visibility and exposure to a combined traffic count of approximately 24,261 VPD

FOR SALE DETAILS

PRICE

$1,320,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

Commercial

APN/PARCEL ID

16-30-117-040-0000

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.