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17958-17960 Halsted St
Homewood, IL 60430
Local MD Urgent Care · Retail Property For Sale


Investment Highlights
- Long Term Lease with 3% Annual Increases
- Minimal Landlord Responsibilities
- Washington Park Plaza Outparcel
- Commitment to site with Recent Expansion
- Recession Resistant Tenant
Executive Summary
CBRE’s Net Lease Property Group – Midwest is pleased to present the opportunity to acquire the fee simple interest in a freestanding Local MD Urgent Care located within Washington Park Plaza in Homewood, Illinois. The property is leased to Illinois Urgent Care, LLC, operating as Local MD Urgent Care, under a long-term lease.
In October 2024, the Tenant executed a major expansion and 10-year lease extension, further solidifying its long-term commitment to this location. Local MD Urgent Care recently expanded to occupy the full 4,278 rentable square feet of the building, and the lease includes three (3) additional 5-year renewal options, offering long-term stability and future growth potential.
Strategically positioned within Washington Park Plaza, Homewood’s premier retail destination, the property benefits from strong, consistent foot traffic generated by top national retailers including Best Buy, TJ Maxx, Ross Dress for Less, Old Navy, Five Below, Party City, and Petco. The center attracts approximately 2.8 million annual visitors, creating a robust environment that supports Local MD’s essential healthcare services.
Operated by experienced healthcare professionals, Local MD Urgent Care provides a comprehensive array of services including urgent care, occupational medicine, imaging, laboratory diagnostics, family medicine, addiction treatment, psychiatric care, and other community-focused healthcare offerings.
In October 2024, the Tenant executed a major expansion and 10-year lease extension, further solidifying its long-term commitment to this location. Local MD Urgent Care recently expanded to occupy the full 4,278 rentable square feet of the building, and the lease includes three (3) additional 5-year renewal options, offering long-term stability and future growth potential.
Strategically positioned within Washington Park Plaza, Homewood’s premier retail destination, the property benefits from strong, consistent foot traffic generated by top national retailers including Best Buy, TJ Maxx, Ross Dress for Less, Old Navy, Five Below, Party City, and Petco. The center attracts approximately 2.8 million annual visitors, creating a robust environment that supports Local MD’s essential healthcare services.
Operated by experienced healthcare professionals, Local MD Urgent Care provides a comprehensive array of services including urgent care, occupational medicine, imaging, laboratory diagnostics, family medicine, addiction treatment, psychiatric care, and other community-focused healthcare offerings.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,278 SF
Building Class
B
Year Built
2005
Price
$2,460,000
Price Per SF
$575.04
Cap Rate
6%
NOI
$147,550
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.82 AC
Zoning
B-4 - B-4: Shopping Center District - Planned Unit Development
Parking
49 Spaces (11.45 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 29-32-401-036-0000 | Improvements Assessment | $73,801 |
| Land Assessment | $26,873 | Total Assessment | $100,674 |
Property Taxes
Parcel Number
29-32-401-036-0000
Land Assessment
$26,873
Improvements Assessment
$73,801
Total Assessment
$100,674
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