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13011 S 104th Avenue Palos Park, IL 60464 Commercial - Office New

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Description

Discover a PRIME opportunity to own a fully leased, turnkey Medical Office building with long-term, stable tenants-many in place for over a decade! Anchored by Heart Care Centers of Illinois, which occupies the entire first floor (18,311 SF) with a lease through 2035 and options extending through 2045, this property delivers reliable, long-term income from day one. The building totals approximately 36,622 square feet and has been professionally managed and meticulously maintained. Built in 2004, this modern, high-quality facility features a prominent marquee for tenant signage, new front sliding doors, rooftop solar panels, ample surface parking, and exclusive covered parking for tenants-enhancing convenience, accessibility, and overall comfort. Situated on 5.83 acres, the expansive site provides generous parking and effortless access for patients and staff. Additionally, Peace Village Senior Living is located directly north of the property and is home to approximately 285 residents. Many residents and employees are patients or clients of the existing tenants, further enhancing convenience and supporting natural cross-referral opportunities within the building. Location, Location, Location: Less than one mile from LaGrange Road with convenient access to major expressways including I-294, I-55, I-57, and I-355, the property is ideally positioned to serve a broad patient base throughout the southwest suburbs and greater Chicagoland area. This is a RARE opportunity to acquire a high-quality, income-producing medical office building in a prime location-an exceptional addition to any investment portfolio.

Property Highlights

Property Type: Commercial - Office
Building Description: 3.0 stories
Year Built: 2004
Lot Size: 5.83 acres

General Information

County: Cook
Listed By:
Olivieri Real Estate LLC 708-719-3444
MRED MLS
$7,100,000
Est. $45,099/mo
New to the Market New
SQUARE FEET36,622 MLS#12578394
STATUSNew PROPERTY TYPECommercial - Office

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13011 S 104th Avenue, Palos Park, IL 60464.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $7,100,000$7,100,000
Down Payment $248,500$1,420,000
Monthly Mortgage Amount $41,238$33,147
Taxes $9881$9881
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $4,258$0
Monthly Estimated Total $57,448$45,099

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