This exceptional Class A medical center in Riverwoods, IL, presents a rare investment opportunity. The freestanding, newer construction building boasts 6,434 square feet on a 0.84-acre lot (36,972 sq ft), offering ample space and parking for 31 vehicles. The two-level building features a high-end medical build-out, including a secure entrance, cameras, and a modern elevator/lift. The first floor includes a welcoming foyer, reception area, large treatment/conference room with floor-to-ceiling windows, seven office/treatment rooms, two ADA-compliant bathrooms, and a supply room. The lower level offers six additional office/exam rooms, a spacious conference room/event area with abundant natural light, two ADA bathrooms, a full kitchen with wet bar, a utility room, and storage. The building is equipped with a recently installed roof, two well-maintained HVAC units (11,900 VPD), and a 200+ amp electrical system. Many offices enjoy large windows and high ceilings, creating a bright and open atmosphere. Ideally situated near the intersection of Lake Cook and Saunders Roads, and just two blocks from Interstate 294, this property benefits from excellent visibility and convenient access. Its O&RC zoning allows for a variety of commercial uses, including medical, dental, legal, financial, or technology businesses. The property's proximity to other professional offices and businesses, such as Amgen Inc. and Walgreens Corporate Headquarters, further enhances its appeal. This is a turnkey opportunity for a variety of uses, or redevelopment.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,161,735
6.5%
$1,072,371
7%
$995,773
Comparable approach
Method
Valuation
Relative Method
$653,200
Geo Method
$838,028
Alternative Use
Use
Valuation
Residential
$1,329,740
Hospitality
$1,218,034
Educational
$1,013,390
Medical
$1,048,242
Retail
$1,576,385
Location Insight
City
Riverwoods
County
Lake
State
Illinois
Latitude
42.1577
Longitude
-87.8849
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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