Property profile

16W347 83Rd St Burr Ridge, IL 60527

OFF-MARKET
Office Spaces
51,142 SF 4.59 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional single-story medical office complex, totaling 51,142 square feet, is situated on a 4.59-acre lot in prestigious Burr Ridge, Illinois. Built in 1985 and extensively renovated in 2011, the property boasts eight buildings offering continuous window lines, private entrances, private bathrooms, and individually controlled HVAC systems. Each suite provides 24-hour access. The complex features abundant parking, on-site management, and flexible floor plans. Currently, there are a few move-in ready suites available. The property benefits from an attractive location off I-55, providing easy access and high visibility. The asking price is $6,500,000, representing a price per square foot of $127.10 and a 10.24% capitalization rate with a Net Operating Income (NOI) of $665,816. The property also includes assumable financing at a 3.67% interest rate, extending through October 2029. Located in DuPage County, this property offers lower real estate taxes compared to Cook County, making it an attractive investment opportunity for small business owners. The property's features include turnkey suites, abundant parking, and an ideal location with full interchange access at Route 83. The family-owned and managed complex has never before been offered for sale.

Property profile

Verified
Property type Office Spaces
Year built 1985
Total area 51,142 SF
Lot 4.59 ac (199,940 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16W347 83Rd St Burr Ridge, IL 60527
Burr Ridge metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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