Stand-Alone Medical Office
4700-4718 Roosevelt Rd Hillside, IL 60162
4700-4718 Roosevelt Rd, Hillside, IL, 60162
$645,000
For Sale
$645,000
Improved stand-alone building with dedicated identity and adjacent land for added parking, expansion, or future development.
Property Size2,487 SF
Price / SF$259.35
Days on Market39
Property Features for 4700-4718 Roosevelt Rd
General Information
- Standard status
- Active
- Size
- 2,487 SF
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 1986
Listing Agency
Caton Commercial Real Estate Group
(815) 436-5700
Listed by
Eddie Palacios
(815) 436-5700
Source
Thebrokerlist
Added: Jun 11 Checked: Jul 17 at 2:22 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caton Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This sale includes a 2,487 SF stand-alone commercial building currently built out as a veterinary clinic with existing medical infrastructure. The flexible layout is designed to support a veterinary and medical use, with the ability to convert into traditional professional office space as needs change. The property also includes adjacent excess land that can support additional parking, expansion, or future development plans.
The building is positioned along Roosevelt Road in Hillside’s established commercial corridor. It offers strong road presence and convenient access to major regional routes, including I-290, I-294, and I-88, supporting travel across the western suburbs and toward O’Hare. Service providers and clients can also access both airports within approximately 20 to 30 minutes via the nearby interstate connections.
For buyers and operators, the existing medical build-out may fit well for veterinary, medical, or professional office tenants seeking a turn-key foundation. Alternatively, the included adjacent parcel provides practical flexibility for accommodating vehicles on-site and planning for near-term or future site improvements. The stand-alone configuration and dedicated building identity support a straightforward user and branding experience.
The building is positioned along Roosevelt Road in Hillside’s established commercial corridor. It offers strong road presence and convenient access to major regional routes, including I-290, I-294, and I-88, supporting travel across the western suburbs and toward O’Hare. Service providers and clients can also access both airports within approximately 20 to 30 minutes via the nearby interstate connections.
For buyers and operators, the existing medical build-out may fit well for veterinary, medical, or professional office tenants seeking a turn-key foundation. Alternatively, the included adjacent parcel provides practical flexibility for accommodating vehicles on-site and planning for near-term or future site improvements. The stand-alone configuration and dedicated building identity support a straightforward user and branding experience.
Key Highlights
- 2,487 SF stand‑alone commercial building built in 1986, currently set up as a veterinary clinic with existing medical infrastructure
- Bonus adjacent 0.28‑acre parcel for additional parking, expansion, or future development
- Flexible interior layout that could be converted to traditional office space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $24.48 |
| − Vacancy | −$15.2k | −$6.10 |
| EGI | $45.7k | $18.38 |
| − OpEx | −$11.4k | −$4.60 |
| NOI | $34.3k | $13.79 |
2,487 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$489.9K
$428.7K – $571.5K
NOI $34,292 @ 7.0% cap · market cap 5.32%
Second Best
Healthcare Medical
$470.7K
$411.9K – $549.1K
NOI $32,948 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$858.6K
$751.3K – $1.00M
NOI $60,105 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Improved stand-alone building with dedicated identity and adjacent land for added parking, expansion, or future development.
Where is this office building located?
The property is located at 4700-4718 Roosevelt Rd Hillside, IL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2,487 SF stand‑alone commercial building built in 1986, currently set up as a veterinary clinic with existing medical infrastructure; Bonus adjacent 0.28‑acre parcel for additional parking, expansion, or future development; Flexible interior layout that could be converted to traditional office space
