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Freestanding Medical Center
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2323 Fargo Blvd, Geneva, IL 60134

Single-tenant healthcare facility with a net lease structure and scheduled rent increases through the remaining lease term.

Property Size10,452 SF
Days on Market110

Property Features for 2323 Fargo Blvd

General Information

Standard status Active
Size 10,452 SF
Property subtype Retail

Additional Details

Office Units 1

Building Details

Building Size 10,452 SF
Year Built 1996
Buildings 1
Tenancy Single
Listing Agency: Frontline Real Estate Partners
Listed By: Andrew Rubin · License #IL #475.156642
Source: Frontlinerepartners
Added: May 14 Changed: Aug 31 Last Checked: Aug 31 at 2:17AM

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 Frontline Real Estate Partners

Investment Insights

Based on property information with market context.

Located at 2323 Fargo Blvd, this 14,452-square-foot freestanding medical center was built in 1996 and is occupied by Caravel Autism Health, a provider of autism diagnostic evaluations and ABA therapy for children. The property has operated as a single-tenant healthcare services facility since 2021.

The net lease requires the tenant to cover real estate taxes, operating expenses, utilities, and certain shared easement maintenance costs. The lease was extended through May 31, 2029, and includes two additional three-year renewal options, along with scheduled rent increases during the remaining term.

The property sits just off South Randall Road, which records approximately 31,400 VPD, and is surrounded by retailers including Target, Jewel-Osco, ALDI, The Home Depot, Best Buy, PetSmart, Ross Dress for Less, Sierra, Dick’s Sporting Goods, and Fresh Thyme Market.

Key Highlights

  • 14,452‑square‑foot single‑tenant healthcare services facility
  • Caravel Autism Health has occupied the property since 2021
  • Lease extended through May 31, 2029, with two additional three‑year renewal options

Property Analytics

Current Use

Caravel Autism Health Crisis Center

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage Grocery & Convenience Store Daycare Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 60134, IL

30,503
Population
11,159
Households
2.7
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
14.6 sq mi
ZIP Area
2,089
Density / Sq Mi
$148,283
Median Household Income
$66,586
Median Earnings
$1,816
Median Rent
$427,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical center - Single-tenant healthcare facility with a net lease structure and scheduled rent increases through the remaining lease term.
Where is this medical center located?
The property is located at 2323 Fargo Blvd Geneva, IL.
What are key features of this property?
This property features: 14,452‑square‑foot single‑tenant healthcare services facility; Caravel Autism Health has occupied the property since 2021; Lease extended through May 31, 2029, with two additional three‑year renewal options
More about this property
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