16W347 83Rd StBurr Ridge, IL 60527

Property Details for 16W347 83Rd St

Year built

1985

Lot size

4.59 AC

Property size (Sq ft)

51,142 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Burr Ridge

County

DuPage

State

Illinois

Latitude

41.7375

Longitude

-87.9428

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].