Investment Opportunity Summary
This is a 2,700-square-foot office condominium in Libertyville, Illinois, positioned as a relatively low-management commercial investment because it is already leased to Advocate Health Care through December 2029.
Key investment highlights:
Established healthcare tenant: Advocate Health Care has occupied the suite since 2021.
Long-term occupancy history: The space has continuously operated as a medical office since 2010, supporting the property's suitability for healthcare use.
Strong location: West Libertyville with convenient access to Route 45, Route 137, Winchester Road and I-94, as well as proximity to Advocate Condell Medical Center.
Professional property: Upscale building, attractive lobby, expansive windows, natural light and panoramic views.
Functional amenities: Two elevators, ample parking and good visibility.
Flexible future use: Medical, professional and other office uses could potentially be accommodated.
Lease runway: The current lease provides approximately 3+ years of remaining term as of August 2026, giving the buyer predictable occupancy through the end of 2029 and 3% annual rent increases. Current tenant has a 3 year option to renew in 2029 at future market rates.