110 S 17th St - Medical FOR SALE


St Charles, IL 60174
$1,002,000 USD
630-570-2260
110 S 17th St, St Charles, IL for Sale
$1,002,000 USD
Medical - FOR SALE
1/8
null | 10.21% Cap Rate

110 S 17th St
St Charles, IL 60174


HIGHLIGHTS

  • Three Years Remaining on Dark, Net Leased Medical Tenant with Corporate Guarantee | 3 Percent Annual Rental Increases
  • Redevelopment Opportunity | Ability to Cash Flow While Planning for Future Redevelopment / Tenanting
  • Average Household Income of $159,909 and a Daytime Population of 126,628 Within a Five Mile Radius
  • Situated in a Heavily Traveled Area and Next to a “State-of-the-Art” Police Station Which was Built in 2018 and Cost Over $24.6 Million
  • Adjacent to W. Main Street Which has 27,500 Vehicles Passing Daily
  • Strong Surrounding Drivers | Major National Tenants | 0.8 Miles from Costco Wholesale Which has 2.2 Million Annual Visitors

OVERVIEW

Marcus & Millichap is pleased to exclusively offer a redevelopment opportunity. This property has three years remaining on a dark, net-leased medical tenant with a corporate guarantee by DuPage Medical Group, LTD, including 3 percent annual rental increases. It offers a redevelopment opportunity, allowing the owner to generate cash flow while planning for future redevelopment or tenanting, with no out-of-pocket carrying costs for the next three years. Located in an affluent city with a growing population, the area saw a 4.03 percent population increase within a one-mile radius from 2010 to 2020. The average household income within a five-mile radius is $159,909, and the daytime population is 126,628. The property is easily accessible, situated in a heavily traveled area adjacent to W. Main Street, which sees 27,500 vehicles daily, and just half a mile from N. Randall Road, which has 35,800 vehicles passing daily. It is also close to the Randall Road and Main Street bus stop for Pace Bus 801 and 39 miles from downtown Chicago. The surrounding area benefits from strong economic drivers, including major national tenants. The property is 0.8 miles from Costco Wholesale, which attracts 2.2 million annual visitors, as well as two major car dealerships—Audi Exchange St. Charles with 32,800 annual visitors and Mercedes-Benz of St. Charles with 24,400 visitors. Notable retailers nearby include Pizza Hut, Culver's, X-Sport Fitness, LA Fitness, Dunkin', Starbucks, McDonald's, Oberweis, 7-Eleven, Domino's, Rainstorm Car Wash, and O'Reilly Auto Parts.

FOR SALE DETAILS

PRICE

$1,002,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

10.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dark Medical Building | Duly

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

-

APN/PARCEL ID

09-33-126-019,09-33-126-036

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.