Surgical Center For Sale

1186 Roosevelt Rd Glen Ellyn, IL 60137

Listing Price: $1,100,000

Square Feet 3805
Acres 1.04
Built/Reno 1983/2009
Occupancy M-M
Type Medical/Surgical

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Investment Highlights

  • Excellent DuPage County Location on Busy Roosevelt Road Seconds from Interstate 355
  • Free-Standing, Single-Tenant Fully Built-Out Medical Office / Surgical Facility
  • Ideal for Urgent Care, Surgical and Medical Office Use
  • In-place Month-to-Month Surgical Tenant
  • Gut Renovation 2009, New Roof, Parking Lot and HVAC Done in 2017 and 2018
  • Ideal Owner-Occupied, Investment or Redevelopment Opportunity

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market this free-standing, fully built-out suburban medical office property. The subject property is approximately 20 miles west of downtown Chicago on busy Roosevelt Road in Glen Ellyn, Illinois, DuPage County, seconds from the Interstate 355 tollway entrance and Interstates 88 and 294 interchanges for easy access by employees and patients.

Situated on a little over one acre, this 3,805-square foot, single-tenant medical office property is well suited for a number of uses including urgent care, surgical, plastic surgery, pain management, and general medical office. The current layout offers a reception and waiting room, two operating rooms, a recovery room, a lab, a clean room, a lead-lined x-ray room, five restrooms (one ADA compliant), two exam rooms, an administrative office, medical record storage, and oxygen storage.

The property is in excellent condition, gut renovated in 2009, a new roof installed in 2017, new HVAC, and a repaved parking lot in 2018. Current ownership performs regular monthly maintenance inspections, repairs, and replacements, as necessary.

The property is currently leased on a month-to-month, one-day-per-week basis to a doctor performing minimally invasive surgical procedures. This tenant is currently paying $22.55 per square foot, full-service gross for this limited use, and would like to continue with the current arrangements, utilizing this one-of-six location for his practice (since September 2019). With this, the tenant could be retained to share the property with an owner-user, another tenant, or for as long as a new investor may want to retain as a long-term full-monthly leased tenant. Market rent for medical/surgical-grade space in this area is conservatively $26 per square foot, triple-net, performing at a healthy nine percent proforma cap rate.

 

1642 Country Lakes Dr. Naperville, IL 60563

Listing Price: $899,000

Number of Units 4
Occupancy 100%
Cap Rate 6%
NOI $54448

Investment Highlights

  • Fully Occupied 4 Unit Building 
  • Desirable Naperville Address
  • Investor or Owner-Occupied Opportunity
  • All Separately Metered Tenant Paid Utilities
  • In-Unit Washers & Dryers
  • Attached One- Car Garages
  • Development Potential 

Map Overview

Investment Overview

A rare find fully occupied 4-unit apartment building for sale in desirable Naperville, IL recently rated one of the best and safest cities to raise children. This property is ideal for the multifamily investor seeking an affluent stable market like Naperville with upside in rents upgrading units, a developer with the area to potentially build another 4-unit building or an investor homeowner that would like to live in one unit for low housing costs collecting rents. Conveniently located on the Northside of Naperville seconds from I-88 E-W Tollway, minutes from the Route 59 Metra train station, and the Fox Valley Shopping District. Each two-bedroom one and a half bath unit has all separately metered tenant-paid gas, electric, water, sewer, and trash utilities. Amenities for each unit include dishwashers, in-unit-owned washer and dryers, central air, and a one-car garage. Three of four units have full basements two of which are finished. Recent improvements include new windows, furnaces, hot water tanks, and all but one air conditioning unit replaced in the past 3-4 years.

 

 

Listing Broker: Shamshad Sanaullah HomeSmart Realty Group 651 N Washington st, Naperville, IL 60563 630-940-7011 (cell) Email:[email protected]

call for offers Due: Wednesday 10/7/2020

 

 

 

Victorian Apartments

800-834 Victoria Dr. Montgomery, IL 60538

Listing Price: $14,500,000

Cap Rate 6.38%
Number of Units 152
GRM 8.30
Occupancy 96%
Price/Unit $95395
Price/Gross SF $135.14
Gross SF 107200

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Investment Highlights

  • 152 Unit Suburban Multifamily Property
  • 32 Studios, 72 One-Bedrooms & 48 Two-Bedrooms
  • Clubhouse with Office, Laundry Facilities, Fitness Area, Outdoor Pool, and Courtyard
  • Located in Montgomery Illinois | 40 Miles Southwest of Downtown Chicago
  • Many Upgraded Kitchens and Baths
  • Tenant Paid Electric Baseboard Heat
  • Value-add component, upside in rents

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois bordering Kendall County to the South, the fastest growing county in Illinois, and the City of Aurora, IL to the East, the second-largest city in Illinois. The subject property is approximately 40 miles southwest of downtown Chicago.

Victorian Apartments consists of 16 two and three-story apartment buildings and clubhouse spread out over almost 10 acres; offering 32 large studios, 72 one-bedrooms, and 48 two-bedroom apartment homes.​​​ Community amenities include a clubhouse, an on-site management office, laundry facilities, a fitness area, an outdoor pool, a central courtyard area with a playground, and ample off-street parking.​​​

Each unit has separately metered, tenant paid, low maintenance, electric baseboard heating, and ac sleeve units.​​​ Approximately 60 percent of units have recently updated kitchens & baths as well as other capital improvement made including new windows, parking lot repairs, replacement of all deck footings & supports an updated intercom system with integrated Alexa. Roofs are in good condition approximately 10-12 years old.

There is investor upside in this multifamily offering through the continued renewal and releasing of under-market rents. Further upside may also be realized in future years from job growth and economic development in the area through the redevelopment of the recently sold 350-acre former Caterpillar manufacturing complex minutes from the property.

 

 

 

Victorian Apartments

800-834 Victoria Dr. Montgomery, IL 60538

Listing Price: $14,500,000

Cap Rate 6.38%
Number of Units 152
GRM 8.30
Occupancy 95%
Price/Unit $95395
Price/Gross SF $135.14
Gross SF 107200

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Investment Highlights

  • 152 Unit Suburban Multifamily Property
  • 32 Studios, 72 One-Bedrooms & 48 Two-Bedrooms
  • Clubhouse with Office, Laundry Facilities, Fitness Area, Outdoor Pool, and Courtyard
  • Located in Montgomery Illinois | 40 Miles Southwest of Downtown Chicago
  • Many Upgraded Kitchens and Baths
  • Tenant Paid Electric Baseboard Heat
  • Value-add component, upside in rents

Map Overview

Investment Overview

Marcus & Millichap is proud to present to market Victorian Apartments, a 152-unit apartment community located in west suburban Montgomery, Illinois bordering Kendall County to the South, the fastest growing county in Illinois, and the City of Aurora, IL to the East, the second-largest city in Illinois. The subject property is approximately 40 miles southwest of downtown Chicago.

Victorian Apartments consists of 16 two and three-story apartment buildings and clubhouse spread out over almost 10 acres; offering 32 large studios, 72 one-bedrooms, and 48 two-bedroom apartment homes.​​​ Community amenities include a clubhouse, an on-site management office, laundry facilities, a fitness area, an outdoor pool, a central courtyard area with a playground, and ample off-street parking.​​​

Each unit has separately metered, tenant paid, low maintenance, electric baseboard heating, and ac sleeve units.​​​ Approximately 60 percent of units have recently updated kitchens & baths as well as other capital improvement made including new windows, parking lot repairs, replacement of all deck footings & supports and updated intercom system with integrated Alexa. Roofs are in good condition approximately 10-12 years old.

There is investor upside in this multifamily offering through the continued renewal and releasing of under-market rents. Further upside may also be realized in future years from job growth and economic development in the area through the redevelopment of the recently sold 350-acre former Caterpillar manufacturing complex minutes from the property.

 

Multifamily for sale

309 Ash Ct
DeKalb, IL 60115

Listing Price: $339,000

Cap Rate 6.2%
Number of Units 4
GRM 8.20
Occupancy 100%
Price/Unit $84750
Price/Gross SF $84.75
Gross SF 4000

View Offering Memo

Investment Highlights

  • Four spacious two bedroom one bath units
  • Very well maintained updated property
  • Tenant paid electric baseboard heat
  • Residential owner-occupied investment potential
  • Stable non-student residential neighborhood
  • Under market rents

Investment Overview

Marcus & Millichap is pleased to present to market this very well-maintained and upgraded four-unit multi-family property in DeKalb, Illinois. This investment offering provides upside in rental income. Each spacious two-bedroom / one-bathroom unit has separately metered tenant-paid electric baseboard heat and landlord owned new sleeve air-conditioning units and ceiling fans. The layout of each unit is a very rentable, tenant favored, open concept living room, and dining area; and kitchen appointed with newer matching glass top stoves, refrigerators, and dishwashers. Amenities include a separate four-car garage and one off-street parking space, one set of newer landlord-owned coin-operated commercial washer and dryer, secure entry, recently finished interior hallway entrances, rear decks (upper units), and landscaped yard area. DeKalb, home of Northern Illinois University, Illinois third-largest
campus is approximately 55 miles west of Chicago. Other large employers include Northwestern Medicine, Nestle, Target, 3M, Panduit, Ferrara Pan Candy Co. and soon to be Facebook building, an $800 million data center in DeKalb.