94% Leased Medical Office Building 1301 Pyott Rd 30,665 SF Office Building Lake In The Hills, IL 60156 For Sale



INVESTMENT HIGHLIGHTS
- 1301 Pyott Road offers a 94% leased, multi-tenant medical office building featuring a dynamic tenant mix with longstanding & new leases
- Investors will benefit from the value-add opportunities in extending existing leases & the property's strategic location
- Well-maintained property with a beautiful atrium lobby, excellent visibility to thousands of daily drivers & prime signage options
- Home to a cohesive tenant mix, such as HLC Therapy Group, Pebblebrook Pediatric, Decision One Dental & Lake in the Hills Endodontics
- Located in the thriving northwest suburbs of Chicago & surrounded by a collocation of neighborhood amenities & residential communities
EXECUTIVE SUMMARY
1301 Pyott Road is a well-occupied, multi-tenant medical office building located in Chicago's thriving northwest suburbs. This two-story, 30,665± SF property boasts exceptional window lines and a bright atrium lobby, allowing abundant natural light. The property is 94% leased with a varied blend of long-term and newly leased tenants. Key tenants include HLC Therapy Group, Pebblebrook Pediatric, Decision One Dental and Lake in the Hills Endodontics—all longstanding, well-established businesses that provide stability and consistent demand for healthcare services in the area. The tenant mix offers a valuable opportunity for a new buyer to add value by extending leases and fostering tenant retention in this highly desirable medical office market.
Nestled in Lake in the Hills, Illinois, 1301 Pyott Road sits among a village on the northwestern edge of the Chicago metropolitan region, approximately 40 miles from downtown. State Route 31 and Northwest Highway run just east of the property. They are two of the city's major thoroughfares, allowing for easy travel within and outside of town and convenience to shopping centers filled with all the necessities. Nearby Randall Road, located two miles west of the subject, serves as the main retail corridor for the Algonquin/Lake in the Hills area and the northwest Chicago suburbs, with over 2.5 million SF of retail space and home to several national retailers. The property sits in a vibrant mixed-use area with nearby light industrial, flex, office and residential properties, all contributing to the area's strong labor pool, thriving consumer base and growing community.
Nestled in Lake in the Hills, Illinois, 1301 Pyott Road sits among a village on the northwestern edge of the Chicago metropolitan region, approximately 40 miles from downtown. State Route 31 and Northwest Highway run just east of the property. They are two of the city's major thoroughfares, allowing for easy travel within and outside of town and convenience to shopping centers filled with all the necessities. Nearby Randall Road, located two miles west of the subject, serves as the main retail corridor for the Algonquin/Lake in the Hills area and the northwest Chicago suburbs, with over 2.5 million SF of retail space and home to several national retailers. The property sits in a vibrant mixed-use area with nearby light industrial, flex, office and residential properties, all contributing to the area's strong labor pool, thriving consumer base and growing community.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
30,665 SF
Building Class
B
Year Built
1997
NOI
$171,953
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,332 SF
Building FAR
0.28
Lot Size
2.50 AC
Zoning
B-4 - Business Commercial District
Parking
105 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Conferencing Facility
- Property Manager on Site
- Signage
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PROPERTY TAXES
Parcel Number | 19-21-177-001 | Improvements Assessment | $184,719 |
Land Assessment | $296,900 | Total Assessment | $481,619 |