855 E Palatine Rd - Medical FOR SALE


Palatine, IL 60074
$700,000 USD
847-509-2757
855 E Palatine Rd, Palatine, IL for Sale
$700,000 USD
Medical - FOR SALE
1/18
null | Request Cap Rate

855 E Palatine Rd
Palatine, IL 60074


OVERVIEW

Now ideal for multi-family development or continue use as office building. Most of the current tenants in this approximately 93% leased building have been tenants for fourteen years but are month to month or short term remaining on their leases. There are only three units currently vacant and all of the units are all individually metered. The building features two public bathrooms and a chair lift to the 2nd floor. All but one of the units has its own, private bathroom. There is ample parking with 46 spots in the paved parking lot. Located just five minutes from the proposed Chicago Bears Stadium and right off I-53 and I-290, this is a prime location for an office building in Palatine. https://auctions.awproperties.com/product/fully-leased-medical-office-building-in-palatine-il/

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

R-1

APN/PARCEL ID

02-24-100-008-0000

ASK ABOUT THIS PROPERTY

Diana PetersonAW Properties GlobalMore Info
847-509-2757

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Diana PetersonAW Properties GlobalMore Info
847-509-2757

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