Medical Office Building with Flex
17 Scrementi Ln, Steger, IL 60475
For Sale
$699,000
Two separately configured units offer options to occupy one portion and lease the other.
Property Size4,270 SF
Price / SF$163.70
Days on Market49
Property Features for 17 Scrementi Ln
General Information
Standard status
Size
Total Parking Spaces
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Office Units
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Owner Occupied
Listing Agency:
Re/Max 10
Listed By:
Cara Dulaitis · License IL #475171505
(708) 227-7530
Source:
Grandviewrealtyservices
Added: Sep 26
Changed: Oct 25
Last Checked: Oct 7 at 1:47PM
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 Re/Max 10
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Investment Insights
Based on property information with market context.
This 4,270-square-foot, two-story brick medical office was built in 2011 and is arranged as two separate units. Its clinical layout includes private offices along a central corridor, a reception area, accessible private bathrooms, a modern kitchen, and a large conference room. Finished space on the second floor is used for fitness and wellness activities and file storage. The property has B-1 zoning and is ready for occupancy.
Ten dedicated parking spaces are located at the front of the building, which sits on a quiet cul-de-sac near Dixie Highway, US-30, and IL-394. Public bus routes and Metra service are also nearby.
Ten dedicated parking spaces are located at the front of the building, which sits on a quiet cul-de-sac near Dixie Highway, US-30, and IL-394. Public bus routes and Metra service are also nearby.
Key Highlights
- 4,270‑square‑foot medical office building completed in 2011
- Two‑story brick construction with two separately configured units
- Clinical layout includes private offices, reception, accessible bathrooms, kitchen, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,873
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
$1.2M
Cap Rate 7%
$869,614
$869.6K
Cap Rate 9%
$676,367
$676.4K
Market Conditions
NOI Build-Up for 4,270 SF
Gross rent
$112.7K $26.40/SF
− Vacancy
−$31.6K −$7.39/SF
EGI
$81.2K $19.01/SF
− OpEx
−$20.3K −$4.75/SF
NOI
$60.9K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,460
Cap Rate 7%
$869,614
Cap Rate 9%
$676,367
Alternative Uses
Best Use
Office B
$869.6K
$760.9K – $1.01M
NOI $60,873 @ 7.0% cap · market cap 8.71%
Second Best
Healthcare Medical
$808.1K
$707.1K – $942.8K
NOI $56,569 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,778 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60475, IL
9,969
Population
4,790
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
2,077
Density / Sq Mi
$61,222
Median Household Income
$38,837
Median Earnings
$1,032
Median Rent
$137,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Cook County, IL
Properties on Market for Medical Office Space in Cook County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- County Line Pet Hospital — 3312 Chicago Rd, Steger, IL 60475
- Karen M. Askounis, DVM — 3312 Chicago Rd, Steger, IL 60475
- Lamastus-Askou Karen DVM — 3312 Chicago Rd, Steger, IL 60475
- T. Martin-Maragh, DVM — 3312 Chicago Rd, Steger, IL 60475
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two separately configured units offer options to occupy one portion and lease the other.
Where is this medical office space located?
The property is located at 17 Scrementi Ln Steger, IL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,270‑square‑foot medical office building completed in 2011; Two‑story brick construction with two separately configured units; Clinical layout includes private offices, reception, accessible bathrooms, kitchen, and conference room
