Medical Office - Vacant

Medical Office - Vacant
MOVE IN READY

Excellent Opportunity For Owner-User or Investor with a Tenant

Built Out as a Medical Office Condo
Ability to Bring in Your Tenant
Excellent Location | Close to Shopping and Restaurants
Excellent Demographics | Average Household Income Over $270,000 Within One Mile
Minutes From Interstate 90

2 Executive Drive, South Barrington, IL 60010

Request Offering Memorandum

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Market Summary

Price                                    $399,000

Pro Forma Cap Rate           12.88%

Pro Forma NOI                   $51,376

Rentable SF                        3,425 SF

Price per SF                        $116.50

Year Built                            2000

Lot Size                               1.45 Acres

Description

Marcus & Millichap is pleased to present a vacant medical condo in the affluent Chicago suburb of South Barrington, Illinois.; The condo is currently built out for a medical tenant which could be an owner occupied situation or could be treated as an investment by adding a tenant. The current owner and former occupant of the space had a dermatology practice in the space.; The building is ideally located in a very affluent area of the Chicago metropolitan statistical area (MSA). Current average household income within one mile of the property is over $270,000 and with a growing population, the location is poised to do very well. South Barrington is known not only for the affluence of the area but large homesites, restaurants, shopping and access to O'Hare International Airport.