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    950 Main St Lake Zurich, IL 60047

    Sponsored
    For Sale
    Contact for pricing

    17,437 SF Medical Office for Sale

    Property size:
    17,437 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 17,437-square-foot Class B medical office building, constructed in 2000, is ideally situated at 950 W Main Street in Lake Zurich, Illinois, zip code 60047. The property offers a prime location with convenient access to shopping, dining, and hotels, making it highly attractive to both patients and staff. The building boasts upgraded interior finishes, reflecting a commitment to quality and modern aesthetics. Currently configured as a medical office, it presents a versatile space suitable for a variety of medical or general office uses. A significant portion of the building, 1,749 square feet, is currently available. The asking price per square foot is $145. The owner is highly motivated and open to exploring creative financing options, including a potential lease-to-own arrangement for qualified buyers. This presents a unique opportunity for investors or owner-users seeking a well-maintained, strategically located medical office building in a thriving community. The property is located in Lake County, Illinois, and its precise coordinates are latitude 42.1910135 and longitude -88.1144516.

    Property Features for 950 Main St

    General Information

    Property type
    Medical offices
    Square Feet
    17,437 SF
    Class
    B

    Building Details

    Year Built
    2000

    HighLights

    • 1,749 SF of available space.
    • Modern interior finishes.
    • Suitable for medical or office tenants.
    • Lease‑to‑own option available.
    • Excellent location near shopping, dining, and hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Lake Zurich
    County
    Lake
    State
    Illinois
    Longitude
    -88.1144516
    Latitude
    42.1910135

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    FAQs

    What type of property is this?
    Medical office - 17,437 SF Medical Office for Sale
    Where is this medical office located?
    The property is located at 950 Main St Lake Zurich, IL.
    What are key features of this property?
    This property features: 1,749 SF of available space.; Modern interior finishes.; Suitable for medical or office tenants.
    Request Owner's contact information
    950 Main St Lake Zurich, IL 60047
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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
    950 Main St Lake Zurich, IL 60047
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