For Sale
$6,500,000

16W347 83Rd St Burr Ridge, IL 60527

Burr Ridge, IL Medical Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional single-story medical office complex, totaling 51,142 square feet, is situated on a 4.59-acre lot in prestigious Burr Ridge, Illinois. Built in 1985 and extensively renovated in 2011, the property boasts eight buildings offering continuous window lines, private entrances, private bathrooms, and individually controlled HVAC systems. Each suite provides 24-hour access. The complex features abundant parking, on-site management, and flexible floor plans. Currently, there are a few move-in ready suites available. The property benefits from an attractive location off I-55, providing easy access and high visibility. The asking price is $6,500,000, representing a price per square foot of $127.10 and a 10.24% capitalization rate with a Net Operating Income (NOI) of $665,816. The property also includes assumable financing at a 3.67% interest rate, extending through October 2029. Located in DuPage County, this property offers lower real estate taxes compared to Cook County, making it an attractive investment opportunity for small business owners. The property's features include turnkey suites, abundant parking, and an ideal location with full interchange access at Route 83. The family-owned and managed complex has never before been offered for sale.

Highlights

  • Assumable debt at a favorable 3.67% interest rate.
  • Ample parking throughout the eight-building complex.
  • Excellent I-55 location with full Route 83 interchange access.
  • Abundant natural light with continuous window lines.
  • Move-in ready suites with complete tenant improvements.
  • Eight single-story buildings in a professional park setting.

Property Details for 16W347 83Rd St

Property type
Office properties, Medical offices
Square Feet
51,142 SF
Year Built/Renovated
1985/2011
Stories
1
Lot Size (sq. ft)
199,940 SF

Location Insight

City
Burr Ridge
County
DuPage
State
Illinois
Latitude
41.7375398
Longitude
-87.9427852

FAQs

What type of property is this?
Office property - Burr Ridge, IL Medical Office Complex
Where is the office property located?
The property is located at 16W347 83Rd St Burr Ridge, IL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Assumable debt at a favorable 3.67% interest rate.; Ample parking throughout the eight-building complex.; Excellent I-55 location with full Route 83 interchange access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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16W347 83Rd St
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