Freestanding Pediatric Rehabilitation
For Sale
Contact for pricing
Pending
411 East Geneva Road, Carol Stream, IL 60188
Renovated healthcare facility occupied under a long-term Double-Net lease with annual escalations.
Property Size7,500 SF
Lot Size1.27 Acres
Days on Market67
Property Features for 411 East Geneva Road
General Information
Standard status
Pending
Size
7,500 SF
Total Parking Spaces
60
Lot size
1.27 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$129,891
Additional Details
Road Access
Yes
Building Details
Year Built
1990
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates San Diego - Carlsbad
Listed By:
Drew Olson · License #CA 02049653
(760) 519-1998
Source:
Crexi
Added: Aug 17
Changed: Oct 18
Last Checked: Oct 20 at 7:02PM
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 Lee & Associates San Diego - Carlsbad
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Investment Insights
Based on property information with market context.
The offering comprises a freestanding 7,500-square-foot pediatric therapy facility on approximately 1.27 acres in Carol Stream, Illinois. Originally built in 1990, the property was renovated in 2021 for specialized healthcare operations and provides 60 parking spaces. Westside Children’s Therapy occupies the building under a Double-Net lease, with the tenant handling HVAC, taxes, insurance, and CAMs while the landlord retains responsibility for the roof, structure, and parking lot.
The lease’s primary term runs through December 27, 2032, and includes two additional five-year renewal options along with 2% annual rent increases. The property fronts Geneva Road, which records approximately 20,800 vehicles per day, near the Geneva Road and Schmale Road retail corridor. Nearby commercial activity includes Geneva Crossing, an approximately 80,000-square-foot retail center, and retailers and service providers such as The Home Depot, Starbucks, Walgreens, Jewel-Osco, PNC Bank, U.S. Bank, and 7-Eleven. Downtown Chicago is approximately 33 miles away.
The lease’s primary term runs through December 27, 2032, and includes two additional five-year renewal options along with 2% annual rent increases. The property fronts Geneva Road, which records approximately 20,800 vehicles per day, near the Geneva Road and Schmale Road retail corridor. Nearby commercial activity includes Geneva Crossing, an approximately 80,000-square-foot retail center, and retailers and service providers such as The Home Depot, Starbucks, Walgreens, Jewel-Osco, PNC Bank, U.S. Bank, and 7-Eleven. Downtown Chicago is approximately 33 miles away.
Key Highlights
- 7,500‑square‑foot healthcare facility on approximately 1.27 acres
- Renovated in 2021 for specialized pediatric therapy use
- 60 parking spaces serving the freestanding facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,360
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,200
$2.0M
Cap Rate 7%
$1,419,429
$1.4M
Cap Rate 9%
$1,104,000
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$180.0K $24.00/SF
− Vacancy
−$14.4K −$1.92/SF
EGI
$165.6K $22.08/SF
− OpEx
−$66.2K −$8.83/SF
NOI
$99.4K $13.25/SF
Area
DuPage County, IL
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,200
Cap Rate 7%
$1,419,429
Cap Rate 9%
$1,104,000
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.24M – $1.66M
NOI $99,360 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,259 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
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Business Placement
Demographics for 60188, IL
43,053
Population
15,710
Households
2.7
Avg Household Size
39
Median Age
44%
College-Educated
90%
High-School Grad
10.1 sq mi
ZIP Area
4,263
Density / Sq Mi
$107,560
Median Household Income
$47,343
Median Earnings
$1,465
Median Rent
$311,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Renovated healthcare facility occupied under a long-term Double-Net lease with annual escalations.
Where is this rehabilitation center located?
The property is located at 411 East Geneva Road Carol Stream, IL.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: 7,500‑square‑foot healthcare facility on approximately 1.27 acres; Renovated in 2021 for specialized pediatric therapy use; 60 parking spaces serving the freestanding facility
