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1301 Pyott Rd Lake in the Hills, IL 60156

94% Occupied, Multi-Tenant Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional two-story, Class B medical office building, situated on a 2.66-acre lot in Lake in the Hills, Illinois (60156), presents a compelling investment opportunity. The property, built in 1997, boasts 30,665 square feet of total space, with 25,774 square feet of net rentable area. Currently enjoying a 94% occupancy rate, the building houses 22 tenants, including established healthcare providers such as HLC Therapy Group, Pebblebrook Pediatric, Decision One Dental, and Lake in the Hills Endodontics. The strong tenant mix, featuring a combination of longstanding and newer leases, provides immediate cash flow and a solid foundation for future growth. Ample parking is available with 105 spaces. The property is zoned B-4 and features excellent visibility, making it an attractive location for medical professionals and patients alike. This presents a unique chance to acquire a well-maintained asset in a thriving Northwest Chicago suburb, with the potential to increase value through lease extensions and tenant retention within this highly sought-after medical market. The property's address is 1301 Pyott Rd, with APN 19-21-177-001.

Highlights

  • 94% occupancy, multi-tenant medical office building.
  • Strong tenant mix with a blend of established and new leases.
  • Value-add opportunity through lease extensions.
  • Well-maintained building with high visibility.

Property Details for 1301 Pyott Rd

Property type
Office properties, Medical offices
Square Feet
30,665 SF
Class
B
Year Built
1997
Buildings
1
Stories
2
Lot Size (sq. ft)
115,870 SF

Location Insight

City
Lake in the Hills
County
McHenry
State
Illinois
Latitude
42.190388580181
Longitude
-88.307807969928

FAQs

What type of property is this?
Office property - 94% Occupied, Multi-Tenant Medical Office
Where is the office property located?
The property is located at 1301 Pyott Rd Lake in the Hills, IL.
What are key features of this property?
This property features: 94% occupancy, multi-tenant medical office building.; Strong tenant mix with a blend of established and new leases.; Value-add opportunity through lease extensions.
How can I contact the broker?
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1301 Pyott Rd
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