2401 S Plum Grove Rd - Medical FOR SALE


Palatine, IL 60067
$2,695,000 USD
847-338-2022
2401 S Plum Grove Rd, Palatine, IL for Sale
$2,695,000 USD
Medical - FOR SALE
1/20
null | Request Cap Rate

2401 S Plum Grove Rd
Palatine, IL 60067


HIGHLIGHTS

  • Recent Renovations Include: New paint, Lighting & LVP Flooring in the Common Areas & extensive refresh of all tenant suites
  • Spaces are easily divisible from 500- 36,288 SF (Entire Bldg can be made available if buyer needs entire bldg)
  • Attractive Atrium Building with Elevator & Rounded Central Skylight
  • Located just West of Rt 53 & Euclid interchange & just North of I-90 Interchange at Meacham Rd near Schaumburg Convention Center & Woodfield Mall
  • Ideal opportunity for a user/investor to occupy up to 5,000-36,288 SF for less than the cost to lease
  • See links below for 3-D Virtual Tours of building!

OVERVIEW

PROPERTY HIGHLIGHTS • 36,288 SF Multi Tenant Office Building for Sale • Recent Renovations Include: New paint, Lighting & LVP Flooring in the Common Areas & extensive refresh of all tenant suites • 1st floor is vacant (Prior tenant was Consumer Credit Union) • Spaces are easily divisible from 500- 36,288 SF (Entire Bldg can be made available if buyer needs entire bldg) • Attractive Atrium Building with Elevator & Rounded Central Skylight • Located just West of Rt 53 & Euclid interchange & just North of I-90 Interchange at Meacham Rd near Schaumburg Convention Center & Woodfield Mall • Ample Parking with 123 Spaces & Overflow spaces • Tenant Controlled HVAC & 24-7 Tenant Access • Close Proximity to Hotels and Restaurants (Palatine & Schaumburg) •New Chicago Bears Stadium or other development located less than 1.5 miles away from building •Existing 9,777 SF lease in place through 2026 providing $160,000 in existing income •Building Signage Available on Busy Plum Grove Rd • Fiber Optic & Cable connection on site & back-up power generator •Visit our website for 3-D Virtual Tours of 1st floor space! •Ideal opportunity for a user/investor to occupy up to 5,000-36,288 SF for less than the cost to lease The entire building can be made available for a user investor. There is currently one lease in place on 2nd floor (9,777 SF). Tenant can vacate if needed. Brokers of Chicagoland Commercial, Inc. have a minority ownership interest in the property. See links below for 3-D Virtual Tours of building!

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Plum Grove Office Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Bank, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

123

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

C-1, Rolling Meadows

APN/PARCEL ID

02-27-407-030-0000

ASK ABOUT THIS PROPERTY

Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

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

Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

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