240 Saunders RdRiverwoods, IL 60015

Property Details for 240 Saunders Rd

Year built

1997

Construction

BRICK

Lot size

0.84 AC

Property size (Sq ft)

6,434 SF

Property type

Office properties

Property subtype

Office buildings

APN

16-31-300-029

APU

1631300029

Description

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.

• 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

Property Tax & Assessments

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