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3330 W 177th St

12,800 SF Office/Medical Unit Offered at £2,676,888 in Hazel Crest, IL 60429

Property Facts

Price £2,676,888
Unit Size 12,800 SF
No. Units 1
Total Building Size 62,000 SF
Property Type Office (Unit)
Property Subtype Medical
Sale Type Investment or Owner User
Building Class B
Number of Floors 3
Typical Floor Size 20,666 SF
Year Built 2007
Lot Size 6.89 AC
Parking Ratio 5.06/1,000 SF
Sale Conditions Portfolio Sale

1 Unit Available

Unit 2a-2c

Unit Size 12,800 SF
Price £2,676,888
Price Per SF £209.13
Unit Use Office/Medical
Sale Type Investment or Owner User
No. Parking Spaces 50
Sale Conditions Portfolio Sale
APN/Parcel ID 28-35-204-039-1008, 28-35-204-039-1009, 28-35-204-039-1010
Description

This offering is for the purchase of 3 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 also includes 3 condos totaling 12,800 square feet which is nearly 75% of the second floor. The 3 condos are 80% occupied with
multi-year tenants including a foot doctor and a physical therapist. The seller is one of the tenants and is willing to sign a long-term lease or vacate
if the buyer wishes to become an owner occupant. This flexibility presents an excellent opportunity to purchase these 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. Individual
units are also available for sale, please ask listing agent for details.

Sale Notes

Prime investment opportunity or owner occupant.

Lobby Elevator
Suite 2A-2C
Suite 2A-2C
Fitness
Office

+4 More

Suite 2A-2C
View Photo Lobby Elevator
View Photo Suite 2A-2C
View Photo Suite 2A-2C
View Photo Fitness
View Photo Office
View Photo Suite 2A-2C
View Photo Suite 2A-2C
View Photo Suite 2A-2C
View Photo 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 -

Amenities

  • 24 Hour Access
  • Bus Route

zoning

Zoning Code B-2, Hazel Crest (Medical building)
B-2, Hazel Crest (Medical building)
  • Listing ID: 20805010

  • Date on Market: 16/09/2020

  • Last Updated:

  • Address: 3330 W 177th St, Hazel Crest, IL 60429

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