353 Burlington St - Office FOR SALE


Riverside, IL 60546
$1,950,000 USD
353 Burlington St, Riverside, IL for Sale
$1,950,000 USD
Office - FOR SALE
1/18
null | 9.04% 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

$1,950,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

9.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

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

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

Greg BlockBlock Property GroupMore Info

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