900 Technology Way - Medical CONDO FOR SALE


Libertyville, IL 60048
$625,000 USD
773-590-3430
900 Technology Way, Libertyville, IL for Sale
$625,000 USD
Medical CONDO - FOR SALE
1/47
null | 7.16% Cap Rate

900 Technology Way
Libertyville, IL 60048


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

7.16%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

45,360 SF

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

4.37 AC

LAND SF

190,539 SF

ZONING

C-2

APN/PARCEL ID

11-18-104-043,11-18-104-046,11-18-104-054

ASK ABOUT THIS PROPERTY

Nathan FreebornRedfinMore Info
773-590-3430

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Nathan FreebornRedfinMore Info
773-590-3430

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