328 Linden Ave - Medical FOR SALE


Wilmette, IL 60091
$1,673,000 USD
714-742-0121
328 Linden Ave, Wilmette, IL for Sale
$1,673,000 USD
Medical - FOR SALE
1/6
null | 7.54% Cap Rate

328 Linden Ave
Wilmette, IL 60091


HIGHLIGHTS

  • 5,200 SF single-tenant medical outpatient building located in Wilmette, Illinois, an affluent North Shore suburb appx 19 mi north of downtown Chicago
  • Originally built in 1929 and fully renovated in 2014, including new HVAC, plumbing, interior walls, exterior doors, and electrical systems with LED
  • 100% leased to Together Women’s Health, LLC, a leading network of integrated women’s healthcare providers
  • Strategically positioned near Linden Square, directly across from the CTA Purple Line station (171,570 riders/yr), offering excellent transit access
  • Within 1.5 miles of Northwestern University and 1 mile of Endeavor Health Evanston Hospital
  • Offers stable, long-term tenancy with an established healthcare provider in a prime North Shore location

OVERVIEW

328 Linden Avenue (the “Property”) is a 5,200 square foot single-tenant medical outpatient building located in the North Shore suburb of Wilmette, Illinois. Wilmette is located approximately 19 miles north of downtown Chicago and is a distinguished community celebrated for its exceptional quality of life, scenic charm and affluent demographics. The Property was originally constructed in 1929 and renovated in 2014, including new HVAC, plumbing, interior walls, exterior doors and electrical systems with LED lighting. The building sits on a 0.23-acre lot with parking for up to 15 surface spaces and includes a 3-car garage. The Property is 100% leased to Together Women’s Health, LLC, a leading network of integrated women’s healthcare providers. The lease is a modified gross lease with nearly seven years remaining (through June 30, 2032), featuring 2% annual rent escalations for the first five years and two 5-year renewal options. Strategically located near Linden Square, the property is directly across from the CTA Purple Line station (serving 171,570 passengers annually), offering excellent transit access. It is also within 1.5 miles of Northwestern University and within 1mile of Endeavor Health Evanston Hospital (707 beds). This investment offers stable, long-term tenancy with an established healthcare provider in a prime North Shore location with access to both local amenities and the broader Chicago metropolitan area. With its recent renovations, the asset presents minimal near-term capital expenditure requirements, making it a stable opportunity for reliable income and long-term value.

FOR SALE DETAILS

PRICE

$1,673,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

05-35-111-012-0000

ASK ABOUT THIS PROPERTY

714-742-0121

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714-742-0121

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