Medical Office Condo
For Sale
Contact for pricing
15531 127th St, Lemont, IL 60439
Turnkey medical office suite with four exam rooms and a basement for storage and mechanical use.
Property Size2,200 SF
Days on Market121
Property Features for 15531 127th St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Office
Additional Details
Cap Rate
10.7%
Listing Agency:
Mike Klimek
Listed By:
Mike Klimek · License #IL 471.020834
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:17PM
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 Mike Klimek
Investment Insights
Based on property information with market context.
This established medical office condo suite is offered turnkey and currently leased to a podiatrist practice under an NNN lease. The suite includes four exam rooms, a breakroom, waiting room, reception, and a nurses’ station. Approximately 1,100sf+/- of office space is complemented by a similarly sized basement area used for storage and the mechanical room.
The HVAC was updated in 2015 and the roof was installed in 2009. An association is in place with monthly dues of $217, covering building exterior costs, lawn maintenance, landscaping, snow removal, and parking lot maintenance.
The tenant has one year remaining on the lease and has historically renewed with three-year increments.
The HVAC was updated in 2015 and the roof was installed in 2009. An association is in place with monthly dues of $217, covering building exterior costs, lawn maintenance, landscaping, snow removal, and parking lot maintenance.
The tenant has one year remaining on the lease and has historically renewed with three-year increments.
Key Highlights
- Established medical office condo leased to a podiatrist practice under a NNN lease structure
- Tenant has 1 year remaining on the lease; historically renews in 3‑year increments
- Offered at a 10.7% capitalization rate
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60439, IL
24,327
Population
8,962
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
29.7 sq mi
ZIP Area
819
Density / Sq Mi
$132,511
Median Household Income
$60,561
Median Earnings
$1,046
Median Rent
$466,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office suite with four exam rooms and a basement for storage and mechanical use.
Where is this medical office space located?
The property is located at 15531 127th St Lemont, IL.
What are key features of this property?
This property features: Established medical office condo leased to a podiatrist practice under a NNN lease structure; Tenant has 1 year remaining on the lease; historically renews in 3‑year increments; Offered at a 10.7% capitalization rate
