3330 W 177th St 4,681 - 9,800 SF Office/Medical Condo Units Offered at $878,000 - $2,575,000 Per Unit in Hazel Crest, IL 60429
PROPERTY FACTS
| Price | $878,000 - $2,575,000 |
| Unit Size | 4,681 - 9,800 SF |
| No. Units | 2 |
| Total Building Size | 62,000 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 20,666 SF |
| Year Built | 2007 |
| Lot Size | 6.89 AC |
| Parking Ratio | 5.06/1,000 SF |
| Zoning | B-2, Hazel Crest - Commercial condo building |
AMENITIES
- 24 Hour Access
- Bus Line
2 UNITS AVAILABLE
Unit 2a-b
| Unit Size | 4,681 SF |
| Price | $878,000 |
| Price Per SF | $187.57 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $65,850 |
| No. Parking Spaces | 50 |
| Sale Conditions | Bulk/Portfolio Sale |
| APN/Parcel ID | 28-35-204-039-1008, 28-35-204-039-1009 |
DESCRIPTION
This offering is for the purchase of 2 of the 21 condos located in this 3-story building with an abundance of parking, covered drop off entry, modern elevators, and wet sprinkler system. Multi-tenant condo medical center built in 2007 located just a block west of Kedzie
and 1.5 miles south of I-80 with nearby access to I-57 and I-294. The 62,000 square foot center is situated on several acres of a planned development and is across the street from Advocate South Suburban Hospital. This proximity to the hospital provides a competitive
advantage for condo owners and tenants that include a pharmacy and multiple diverse medical professionals with primary and ancillary medical services. The offering includes 2 condos totaling 4,681 square feet occupied by ATI Physical Therapy. The have been tenants for many years and are currently under lease thru 2.28.28. The seller is one of the neighboring tenants and is marketing his 9,800 SF space for lease or sale as well if buyer has a desire to become an owner occupant. This flexibility presents an excellent opportunity to purchase 3 condos in a well-located anchored center that is cash flowing, while maintaining the ability to add value through lease-up of some remaining vacant spaces. Please ask listing agent for details. Lease terms and HOA documents are
available by request from LA, tenants are currently paying $21.36 gross. Multiple PINs ending in 1008 and 1009.
Unit 2c
| Unit Size | 9,800 SF |
| Price | $2,575,000 |
| Price Per SF | $262.76 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 50 |
| Sale Conditions | Bulk/Portfolio Sale |
| APN/Parcel ID | 28-35-204-039-1010 |
DESCRIPTION
This offering is for the purchase of 1 of the 21 condos located in this 3-story building with an abundance of parking, covered drop off entry,
modern elevators, and wet sprinkler system. Multi-tenant condo medical center built in 2007 located just a block west of Kedzie and 1.5 miles
south of I-80 with nearby access to I-57 and I-294. The 62,000 square foot center is situated on several acres of a planned development and is
across the street from Advocate South Suburban Hospital. This proximity to the hospital provides a competitive advantage for condo owners and
tenants that include a pharmacy and multiple diverse medical professionals with primary and ancillary medical services.
The offering is for 9,800 square feet which is nearly 45% of the second floor. The seller is one of the tenants and is willing to relocate in a timely manner to be negotiated during due diligence. Please ask listing agent for details.
SALE NOTES
Prime investment opportunity or owner occupant.
+4 More
Lobby Elevator
Suite 2A-2C
Suite 2A-2C
Fitness
Office
Suite 2A-2C
Suite 2A-2C
Suite 2A-2C
Suite 2A-2C
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Forever Fit Health Center |
6,191 SF
|
-
|
| Chandra Diagnostic Cardiology |
6,096 SF
|
June 2018
|
| Neurology Centers of Chicago |
5,379 SF
|
-
|
| ATI Physical Therapy |
5,057 SF
|
-
|
| The Link & Option Center Inc. |
4,526 SF
|
-
|
| Midwest Family & Community Resources |
4,123 SF
|
-
|
| South Suburban Pharmacy |
4,062 SF
|
-
|
| Keystone Orthopedics |
4,013 SF
|
-
|
| Southwest Eye Center |
3,019 SF
|
-
|
| Advocate Health Care |
3,000 SF
|
-
|
