Handicapped-Accessible Medical
828 N Cass Ave Westmont, IL 60559
For Sale
Contact for pricing
Medical condo offering two exam rooms, reception areas at both entrances, and a finished basement with additional open space.
Property Size1,500 SF
Lot Size0.17 Acres
Price / SF$350
Days on Market124
Property Features for 828 N Cass Ave
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.17 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2009
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
David McLennan · License #IL 475165323
Source:
Crexi
Added: Mar 22
Changed: Jul 22
Last Checked: Jul 23 at 12:29PM
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 Pearson Realty Group
Investment Insights
Based on property information with market context.
This commercial condo is currently operating as a long-established ophthalmology practice and is located in a building constructed in 2009. The space is designed to be handicapped accessible and includes two reception or waiting areas, one inside the east entrance and one inside the west entrance. Interior improvements include two office areas, reception/office personnel space, record storage, and three exam rooms, along with a finished basement totaling additional mainly open space with high ceilings. Handicapped accessible restrooms are located immediately inside the west entrance.
The property is served by a paved parking lot with striped spaces for 16 private vehicles, including two designated handicapped spaces. Parking is shared with the periodontist office occupying Unit 1A.
Each of the two condo units is responsible for its own gas and electric usage and property taxes. Exterior responsibilities, including landscaping and snow removal, are covered through the monthly HOA dues. There are two condo units in the building, and this listing represents one of those two commercial condos; the building itself is not for sale.
The property is served by a paved parking lot with striped spaces for 16 private vehicles, including two designated handicapped spaces. Parking is shared with the periodontist office occupying Unit 1A.
Each of the two condo units is responsible for its own gas and electric usage and property taxes. Exterior responsibilities, including landscaping and snow removal, are covered through the monthly HOA dues. There are two condo units in the building, and this listing represents one of those two commercial condos; the building itself is not for sale.
Key Highlights
- 2009‑built commercial condo designed to be handicapped accessible
- Interior features include 2 reception/waiting areas (east and west entrances), 2 office spaces, reception/office personnel area, record storage, and 3 exam rooms
- Approx. 1,500 SF main level plus an approx. 1,000 SF finished basement with mainly open space and high ceilings
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $24.48 |
| − Vacancy | −$9.1k | −$6.10 |
| EGI | $27.6k | $18.38 |
| − OpEx | −$6.9k | −$4.60 |
| NOI | $20.7k | $13.79 |
1,500 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 3.94%
Second Best
Healthcare Medical
$283.9K
$248.4K – $331.2K
NOI $19,872 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hinsdale Periodontics & Endodontics
Dental Office
Browar Andrew W ...
Dental Office
Szeremeta-Browar, Taisa DDS
Dental Office
Ryne Julie
Dental Office
Wayne Audrey L ...
Ophthalmologist
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- West Suburban Veterinary: Muehrcke Alison D DVM — 518 N Warwick Ave, Westmont, IL 60559
- Vidt Jeff w DVM — 518 N Warwick Ave, Westmont, IL 60559
- Roberta Duresa, DVM — 518 n warwick ave, westmont, il 60559
FAQs
What type of property is this?
Medical Office Space - Medical condo offering two exam rooms, reception areas at both entrances, and a finished basement with additional open space.
Where is this medical office space located?
The property is located at 828 N Cass Ave Westmont, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2009‑built commercial condo designed to be handicapped accessible; Interior features include 2 reception/waiting areas (east and west entrances), 2 office spaces, reception/office personnel area, record storage, and 3 exam rooms; Approx. 1,500 SF main level plus an approx. 1,000 SF finished basement with mainly open space and high ceilings
