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    303 W Lake St Addison, IL 60101

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    For Lease
    Contact for pricing

    Class A medical office building anchored by Edward-Elmhurst Health.

    Property size:
    51,446 SF
    Lot size:
    51,446 SF

    Property Features for 303 W Lake St

    General Information

    Size
    51,446 SF

    Building Details

    Year built
    2012

    Source: Brian Edgerton Agent Brian Edgerton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Office Space Available

    This is a three-story, Class A medical office building. It is anchored by Edward-Elmhurst Health and professionally owned and managed by Welltower. The building is located on West Lake Street, northwest of Army Trail Road, offering high visibility in both directions on Lake Street. The property features a synergistic mix of specialties, including Immediate Care, Rehabilitation Services, Neurology, OB/GYN, Pediatrics, Family Medicine, Behavioral Health, Imaging & Lab Services. Suite 302, a former pharmacy space, offers 1,080 RSF. The building already houses imaging, laboratory, and cardiac diagnostics. There is an ability to custom design your own suite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kinley Berger, M.D. Obstetrician-Gynecologist Addison Dental Associates Dentist Rebecca A. Boehne, RD Nutritionist Addison Dental Associates ... Dentist Sathyakiran B. Madoori ... Emergency Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -87.9961464
    Latitude
    41.9348193

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    FAQs

    What type of property is this?
    Medical office - Class A medical office building anchored by Edward-Elmhurst Health.
    Where is this medical office located?
    The property is located at 303 W Lake St Addison, IL.
    What are key features of this property?
    This property features: - Anchored by Edward-Elmhurst Health (Class A Medical Office Building); - Synergistic mix of specialties already in building; - Imaging, laboratory, and cardiac diagnostics already in building
    (708) 205-4364
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    303 W Lake St Addison, IL 60101
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