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353 Burlington St 8,000 SF 100% Leased Office Building Riverside, IL 60546 $1,950,000 ($243.75/SF) 9.04% Cap Rate
Investment Highlights
- Anchored by Agility Ortho MSO with a long-term single net lease through December 2030, providing reliable cash flow and credit-quality tenancy.
- Approximately 33 dedicated parking spaces, a critical amenity for medical office tenants and patient convenience.
- Located just steps from the Riverside Metra station (BNSF line) and within five minutes of I-290 for quick access to downtown.
- Situated in the historic Riverside commercial district with walkable access to dining, retail, and community amenities.
Executive Summary
353 East Burlington Street in Riverside, Illinois presents a stabilized medical office investment opportunity in a well-established suburban market just minutes from Chicago. The property spans two floors and totals 14,863 square feet, designed for medical and professional tenants. Currently 88.6% leased, the building is anchored by Agility Ortho MSO under a long-term single net lease through December 2030, providing income reliability and credit-quality tenancy. Two additional tenants—Orion ABA Inc. and Roche Dietitians LLC—operate under gross leases, while one second-floor suite is vacant, offering immediate upside for value creation.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,000 SF
Building Class
C
Year Built
1990
Price
$1,950,000
Price Per SF
$243.75
Cap Rate
9.04%
NOI
$176,358
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Building FAR
1.15
Lot Size
0.16 AC
Zoning
B1, Riverside - Business District
Parking
15 Spaces (1.88 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $244,437 | |
| Land Assessment | $60,000 | Total Assessment | $304,437 |
Property Taxes
Parcel Numbers
Land Assessment
$60,000
Improvements Assessment
$244,437
Total Assessment
$304,437
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Contact the Sale Advisor
353 Burlington St