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Medical Office I Owner User 2071 Irving Park Rd 5,528 SF 100% Leased Office Building Hanover Park, IL 60133 $749,000 ($135.49/SF)



Investment Highlights
- Exposure to nearly 25,000 vehicles per day (per IDOT)
- Former dental suite with existing plumbing and electrical infrastructure in place
- Strong visibility, signage potential, and commercial street presence
- Flexible layout ideal for medical, dental, office, wellness, or professional service users
- Fully sprinklered building with adaptable floor plans
- Value-add investment opportunity with lease-up and long-term appreciation potential
Executive Summary
Exceptional opportunity to acquire a freestanding commercial building totaling approximately 6,048± SF with an estimated 5,528± SF of usable/leasable area, ideally positioned along a high-traffic commercial corridor with exposure to nearly 25,000 vehicles per day (per IDOT). This versatile property offers outstanding visibility, strong signage potential, convenient accessibility, and ample on-site parking, making it an ideal fit for investors or owner-users seeking long-term upside.
The fully sprinklered building is thoughtfully configured for medical, dental, professional office, wellness, and service-oriented businesses, with flexible suite layouts that can accommodate a wide range of users. One of the units previously operated as a dental practice and still contains valuable plumbing and electrical infrastructure that could significantly reduce buildout costs for a future dental or specialty medical user.
With the ability to support multi-tenant occupancy or a single-user conversion, this property presents an attractive value-add opportunity for investors seeking lease-up potential and future appreciation, while also offering owner-occupants the ability to operate their business and generate supplemental rental income from additional suites. Strong street presence, adaptable floor plans, and existing medical infrastructure make this a rare opportunity in today’s commercial market.
The fully sprinklered building is thoughtfully configured for medical, dental, professional office, wellness, and service-oriented businesses, with flexible suite layouts that can accommodate a wide range of users. One of the units previously operated as a dental practice and still contains valuable plumbing and electrical infrastructure that could significantly reduce buildout costs for a future dental or specialty medical user.
With the ability to support multi-tenant occupancy or a single-user conversion, this property presents an attractive value-add opportunity for investors seeking lease-up potential and future appreciation, while also offering owner-occupants the ability to operate their business and generate supplemental rental income from additional suites. Strong street presence, adaptable floor plans, and existing medical infrastructure make this a rare opportunity in today’s commercial market.
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Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
5,528 SF
Building Class
C
Year Built/Renovated
1980/2020
Price
$749,000
Price Per SF
$135.49
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.37
Lot Size
0.34 AC
Zoning
B-2, Hanover Park - Commercial business zoning.
Parking
22 Spaces (3.98 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-25-301-035-0000 | Improvements Assessment | $135,625 |
| Land Assessment | $23,625 | Total Assessment | $159,250 |
Property Taxes
Parcel Number
06-25-301-035-0000
Land Assessment
$23,625
Improvements Assessment
$135,625
Total Assessment
$159,250
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Medical Office I Owner User | 2071 Irving Park Rd
