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Medical Office Near OSF Hospital

735 N Logan Ave, Danville, IL 61832

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For Sale

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Medical office building with exam rooms and basement near hospital.

Type:Office

Property size:

5,304 SF

Price / SF:

$183/SF

HighLights

Prime location across the street from OSF Hospital, ideal for medical professionals
Thirteen exam rooms, suitable for a large medical practice
Expanded in 2010, offering modern and updated facilities
Full basement with break room, office space, exam rooms and file room
Includes large reception area, check‑in & check‑out station, records office, three offices, and lab area
FF&E (Furniture, Fixtures & Equipment) is negotiable

We can help!

Contact an agent

Larry Kuchefski

For Sale

Contact for pricing

Medical office building with exam rooms and basement near hospital.

Type:Office

Property size:

5,304 SF

Price / SF:

$183/SF

Added:: Aug 16, 2019
Days on Market:: 2508
Last Refresh:: May 19 at 8:37 pm

Property Features for 735 N Logan Ave

General Information

Standard status: Active
Size: 5,304 SF
Property subtype: Office

Building Details

Year Built: 1978

We can help!

Contact an agent

Larry Kuchefski

Listing office Realty 54

Listing date Aug 16, 2019

Source Crexi

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 Realty 54

HighLights

Prime location across the street from OSF Hospital, ideal for medical professionals
Thirteen exam rooms, suitable for a large medical practice
Expanded in 2010, offering modern and updated facilities
Full basement with break room, office space, exam rooms and file room
Includes large reception area, check‑in & check‑out station, records office, three offices, and lab area
FF&E (Furniture, Fixtures & Equipment) is negotiable

Overview

The property, originally constructed in 1978 and expanded in 2010, is located across the street from OSF Hospital, surrounded by numerous other medical offices. The office space includes 13 exam rooms, a large reception area, a check-in and check-out station, a records office, three additional offices, and a lab area. The property also features a full basement with a break room, additional office space, exam rooms, and a file room. The total property size is 5304 square feet. Furniture, fixtures, and equipment (FF&E) are negotiable.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$116.5k	$21.96
− Vacancy	−$9.3k	−$1.76
EGI	$107.2k	$20.20
− OpEx	−$42.9k	−$8.08
NOI	$64.3k	$12.12

5,304 SF · lease $21.96/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$918.5K

$803.7K – $1.07M (±1% cap)

NOI $64,295 @ 7.0% cap · market cap 6.59%

Second Best

Office B

$762.1K

$666.8K – $889.1K (±1% cap)

NOI $53,345 @ 7.0% cap · market cap 5.47%

Theoretical Best

Specialty Retail

$1.03M

$904.1K – $1.21M (±1% cap)

NOI $72,331 @ 7.0% cap · market cap 7.42%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Family Practice Medical Clinic Sadiq Naveed I ... Physician Sadiq Raja M ... Pediatrician Kara K. Wangler, ... Physician Kara Sharpf Physician

Suggested Use

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Location Insight

Map
Local Demand

City: Danville
County: Vermilion
State: Illinois
Longitude: -87.644963
Latitude: 40.134878

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For sale
Medical Office Space
IL
Danville
61832
735 N Logan Ave

What type of property is this?

Medical Office Space - Medical office building with exam rooms and basement near hospital.

Where is this medical office space located?

The property is located at 735 N Logan Ave Danville, IL.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Prime location across the street from OSF Hospital, ideal for medical professionals; Thirteen exam rooms, suitable for a large medical practice; Expanded in 2010, offering modern and updated facilities