353 Burlington St - Office/Residential FOR SALE


Riverside, IL 60546
$1,900,000 USD
312-725-9924
353 Burlington St, Riverside, IL for Sale
$1,900,000 USD
Office/Residential - FOR SALE
1/18
null | 9.52% Cap Rate

353 Burlington St
Riverside, IL 60546


HIGHLIGHTS

  • Anchored by Agility Ortho MSO with a long-term single net lease through December 2030, providing reliable cash flow and credit-quality tenancy.
  • Located just steps from the Riverside Metra station (BNSF line) and within five minutes of I-290 for quick access to downtown.
  • Approximately 33 dedicated parking spaces, a critical amenity for medical office tenants and patient convenience.
  • Situated in the historic Riverside commercial district with walkable access to dining, retail, and community amenities.

OVERVIEW

353 East Burlington Street in Riverside, Illinois presents a stabilized medical office investment opportunity in a well-established suburban market just minutes from Chicago. The property spans two floors and totals 14,863 square feet, designed for medical and professional tenants. Currently 88.6% leased, the building is anchored by Agility Ortho MSO under a long-term single net lease through December 2030, providing income reliability and credit-quality tenancy. Two additional tenants—Orion ABA Inc. and Roche Dietitians LLC—operate under gross leases, while one second-floor suite is vacant, offering immediate upside for value creation.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

9.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B1, Riverside

APN/PARCEL ID

15-36-212-028-0000,15-36-212-029-0000

ASK ABOUT THIS PROPERTY

Greg BlockBlock Property GroupMore Info
312-725-9924

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Greg BlockBlock Property GroupMore Info
312-725-9924

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