277 York StElmhurst, IL 60126

Property Details for 277 York St

Year built

1921

Lot size

0.18 AC

Property size (Sq ft)

2,470 SF

Zone code

C

Property type

Medical offices

Property subtype

Medical centers

APN

06-01-100-035

APU

601100035

Description

This exceptional 2,200 square foot medical office building, located at 277 N York St in Elmhurst, IL, is offered for sale at $950,000. Situated on a high-visibility corner in downtown Elmhurst, at the intersection of York Street and North Avenue, this two-story, 1921-built property boasts 100% occupancy. The building features a flexible open floor plan, perfect for a variety of medical uses. Amenities include a spacious reception area, conference room, private office, kitchen and break room, two restrooms, and seven exam rooms. A significant advantage is the inclusion of a previously JCAHO-certified surgical suite. The large basement offers direct access to the parking lot, providing ample parking for staff and clients. This thriving location offers easy access to public transportation and numerous amenities. The property is currently a single-tenant building and is being sold by the owner. Cash offers are welcome. This represents a rare opportunity to acquire a prime medical office building in a highly desirable Elmhurst location. The asking price reflects a price per square foot of $704.55.

• CAP approach

  CAP return

  Valuation

  6%

  $743,511

  6.5%

  $686,318

  7%

  $637,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,718

  Geo Method

  $321,718

• Alternative Use

  Use

  Valuation

  Residential

  $851,034

  Hospitality

  $779,542

  Educational

  $648,570

  Medical

  $670,876

  Retail

  $1,008,887

Location Insight

City

Elmhurst

County

Dupage

State

Illinois

Latitude

41.9059

Longitude

-87.9395

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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