Medical Center with NN
For Sale
Contact for pricing
16177 W 127th St, Lemont, IL 60439
Purpose-built dialysis facility with long-term lease structure and built-in annual rent increases.
Property Size8,732 SF
Price / SF$392.92
Days on Market153
Property Features for 16177 W 127th St
General Information
Standard status
Active
Size
8,732 SF
Total Parking Spaces
53
Property subtype
Office, Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$257,349
Building Details
Year Built
2016
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap SWM Group
Listed By:
Daniel Chumbley · License #IL 475.188007
Source:
Crexi
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 10:58PM
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 Marcus & Millichap SWM Group
Investment Insights
Based on property information with market context.
This medical center is a purpose-built Fresenius Medical Care dialysis facility completed in 2016. The building contains 8,732 square feet and is leased on a double-net basis with corporate backing. More than five years remain in the initial lease term, which includes 1.7 percent annual rent escalations and three additional five-year renewal options.
The property is located at 16177 W 127th St in Lemont, Illinois, within a Certificate of Need state. The nearest competing dialysis center is nearly eight miles away, while multiple major hospital systems are in the immediate vicinity. More than 105,000 residents live within a five-mile radius, and the surrounding area includes a dense senior population base.
The property is located at 16177 W 127th St in Lemont, Illinois, within a Certificate of Need state. The nearest competing dialysis center is nearly eight miles away, while multiple major hospital systems are in the immediate vicinity. More than 105,000 residents live within a five-mile radius, and the surrounding area includes a dense senior population base.
Key Highlights
- 8,732‑square‑foot dialysis facility completed in 2016
- Corporate‑backed double‑net lease with more than five years remaining in the initial term
- Lease includes 1.7 percent annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$120,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,408,000
$2.4M
Cap Rate 7%
$1,720,000
$1.7M
Cap Rate 9%
$1,337,778
$1.3M
Market Conditions
NOI Build-Up for 8,732 SF
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.
Gross rent
$213.8K $24.48/SF
− Vacancy
−$53.2K −$6.10/SF
EGI
$160.5K $18.38/SF
− OpEx
−$40.1K −$4.60/SF
NOI
$120.4K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,408,000
Cap Rate 7%
$1,720,000
Cap Rate 9%
$1,337,778
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,400 @ 7.0% cap · market cap 3.51%
Second Best
Healthcare Medical
$1.65M
$1.45M – $1.93M
NOI $115,682 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$3.01M
$2.64M – $3.52M
NOI $211,033 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built dialysis facility with long-term lease structure and built-in annual rent increases.
Where is this medical center located?
The property is located at 16177 W 127th St Lemont, IL.
What is the asking price?
The asking price for this property is $3,431,000.
What are key features of this property?
This property features: 8,732‑square‑foot dialysis facility completed in 2016; Corporate‑backed double‑net lease with more than five years remaining in the initial term; Lease includes 1.7 percent annual rent escalations
