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    351 Greenleaf St Park City, IL 60085

    Sponsored
    For Sale
    $688,500

    Profitable Medical Office in IL

    Property size:
    3,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,060 square foot medical office building, located at 351 S Greenleaf St. Units D-F, Park City, IL 60085, presents a unique investment opportunity. Currently occupied by the original owner, this custom-built property boasts superior finishes exceeding area standards. The asking price is $688,500, translating to $225 per square foot. The building offers a compelling sale/leaseback option with an initial capitalization rate of 8.22%, promising strong returns for investors. Situated within a thriving medical corridor, the property benefits from excellent demographics and a history of long-term tenancy. This location ensures consistent occupancy and strong rental income potential. The building's high-quality construction and desirable location make it an attractive asset for both owner-occupiers and investors seeking a stable, high-yield investment. Note that another unit, measuring 2040 square feet, is also available for purchase separately. This presents an opportunity to expand your portfolio or consolidate your operations within the same medical complex. The property's prime location in Lake County, Illinois, offers easy access to major transportation routes and a robust local economy. This turnkey medical office building is ready for immediate occupancy or continued lease income.

    Property Features for 351 Greenleaf St

    General Information

    Property type
    Medical offices
    Square Feet
    3,060 SF

    HighLights

    • $688,500 asking price.
    • 3,060 square foot medical office building.
    • $225 per square foot.
    • Located at 351 S Greenleaf St. Units D‑F, Park City, IL 60085.
    • Currently occupied by original owner; sale/leaseback opportunity with an 8.22% initial cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Lake
    State
    Illinois
    Longitude
    -87.9016809
    Latitude
    42.354184

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    FAQs

    What type of property is this?
    Medical office - Profitable Medical Office in IL
    Where is this medical office located?
    The property is located at 351 Greenleaf St Park City, IL.
    What is the asking price?
    The asking price for this property is $688,500.
    What are key features of this property?
    This property features: $688,500 asking price.; 3,060 square foot medical office building.; $225 per square foot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    351 Greenleaf St Park City, IL 60085
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