7000 W 111th St - Medical FOR SALE


Worth, IL 60482
$2,100,000 USD
773-805-5663
7000 W 111th St, Worth, IL for Sale
$2,100,000 USD
Medical - FOR SALE
1/43
null | 4.2% Cap Rate

7000 W 111th St
Worth, IL 60482


HIGHLIGHTS

  • 94.27% Occupancy Rate. Current Leaseholders have a combined 108+ years of experience within their respective fields.
  • 2023 IDOT: Annual Average Daily Traffic of 26,900 on 111th St and between 34,700 & 36,500 vehicles on Harlem Ave (N and S of 111th St, respectively).
  • Roof (2016). Electric Radiant Heating and Ventilated Cooling System, with rooftop unit (newer 75-ton Trane).
  • Newer flooring in common areas. Common area restrooms on each level.
  • Property situated on over 1 acre of land. (Office Building: 21,235 sqft lot / 0.487 acres & 102-Car Parking Lot: 23,405 sqft / 0.537 acres).
  • Don't miss out on an investment opportunity Worth pursuing.

OVERVIEW

7000 W 111th St is situated on over 1 acre of land in Worth, Illinois (Office Building: 21,235 sqft lot / 0.487 acres & 102-Car Parking Lot: 23,405 sqft / 0.537 acres). Current Leaseholders have a combined 108+ years of experience within their respective fields and, with a 94.27% Occupancy Rate, this is surely a prudent investment. With an elevator, Metra station nearby, and Dial-a-Ride services by Pace, businesses here can feel secure in serving all clients, including those with mobility impairments. Employees and guests can explore cuisines from around the world, enjoying lunches or get-togethers after work at one of the many nearby food establishments. Need more space or simply a change of scenery from the conference room? There are several venues in the area to host a company event or regional meeting. Stores & malls are minutes away, allowing employees the chance to shop during a break or on their way into the office or back home. Why Worth, Illinois? The Village of Worth was established in 1914 and is home to nearly 11,000 residents and well over 200 Businesses. It offers many attractions such as Water's Edge Golf Course and thousands of acres of nearby forest preserves. Worth Park District consists of 11 parks, including, just 0.8 mi away, Stahlak Park, an approximate half-acre open space site that is expected to receive a makeover in 2026 with a youth and adult fitness course, a plaza with shelter and seating, and two pickleball courts and fencing. Metra Train station is located at 11000 S Depot Street, with parking behind the Village Hall (both less than 1/4 mi away). Bus stops along 111th and Harlem. Expressway I-294 (Tri-State Tollway). Hotels and other accommodations nearby. According to IDOT's 2023 Stats 7000 W 111th St attracts attention from passersby with an Annual Average Daily Traffic of 26,900 and between 34,700 & 36,500 vehicles on Harlem Ave (N and S of 111th St, respectively). What else is in the area? Northwestern Medicine Hospital in Palos Heights (2.5 mi). Advocate Christ Medical Center in Oak Lawn (5 mi). Moraine Valley Community College in Palos Hills (2.4 mi). And the Fifth Municipal District Courthouse in Bridgeview (2 mi). Electric Radiant Heating and Ventilated Cooling System, with rooftop unit (newer 75-ton Trane). Newer flooring in common areas. Roof (2016). Common area restrooms on each level. Multiple PINs. Zoned B-1. Information on MLS is assumed to be accurate, but NOT guaranteed. Buyer/Buyer's Agent should verify all relevant MLS information. Don't miss out on an investment opportunity Worth pursuing.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

4.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Worth Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B1

APN/PARCEL ID

24-18-307-008-0000,24-18-307-009-0000

ASK ABOUT THIS PROPERTY

Richard BatistaCentury 21 Circle - Roscoe VillageMore Info
773-805-5663

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Richard BatistaCentury 21 Circle - Roscoe VillageMore Info
773-805-5663

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