3800 Highland Ave | Downers Grove, IL 60515
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3800 Highland Ave
Downers Grove, IL 60515
Hospital Plaza Professional Bldg · Office Property For Sale
Investment Highlights
- 74% condominium interest in a 21,154 square foot medical office building
- Property features 134 surface parking spaces for an above average ratio of 6 per 1,000 square feet located on a 2.76 acre parcel
- Completed in 1995, the property has contemporary architectural finishes with central lobby and covered walkway.
Executive Summary
Transwestern has been exclusively retained by Ownership to offer qualified investors an opportunity to purchase Hospital Plaza Medical Building (the “Property”), a 74% condominium interest in a 21,154 square foot outpatient medical building. The majority interest includes six suites that total 15,697 rentable square feet providing a controlling share of the association.
The Property is directly across the street from the 333-bed, Advocate Good Samaritan Hospital, Advocate Good Samaritan features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and Magnet® recognition for nursing excellence. The hospital has served Downers Grove and the surrounding community for over 40 years. It is part of Advocate Health, the third-largest nonprofit integrated health system in the U.S.
Located on 2.76 acres, the Property offers an above average parking ratio of 6/1,000 square feet and exceptional access and visibility off Highland Avenue. Located on a lighted intersection shared with the main hospital entrance, patients and staff can easily walk to the campus or head North/South into or out of the Property. Tenants benefit from proximity to the hospital and also the strong demographics in the surrounding affluent neighborhoods that bolster a household income north of $147K within a 1-mile radius.
The Property is directly across the street from the 333-bed, Advocate Good Samaritan Hospital, Advocate Good Samaritan features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and Magnet® recognition for nursing excellence. The hospital has served Downers Grove and the surrounding community for over 40 years. It is part of Advocate Health, the third-largest nonprofit integrated health system in the U.S.
Located on 2.76 acres, the Property offers an above average parking ratio of 6/1,000 square feet and exceptional access and visibility off Highland Avenue. Located on a lighted intersection shared with the main hospital entrance, patients and staff can easily walk to the campus or head North/South into or out of the Property. Tenants benefit from proximity to the hospital and also the strong demographics in the surrounding affluent neighborhoods that bolster a household income north of $147K within a 1-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
21,154 SF
Building Class
B
Year Built
1995
Price
£4,254,102
Price Per SF
£201
Percent Leased
96%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
21,154 SF
Building FAR
0.18
Lot Size
2.76 AC
Zoning
CRM, Downers Grove
Amenities
- Air Conditioning
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £742,811 | |
Land Assessment | £82,528 | Total Assessment | £825,340 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£82,528
Improvements Assessment
£742,811
Total Assessment
£825,340
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