16W347 83Rd St Burr Ridge, IL 60527
- Office Properties & Spaces
- 51,142 SF
- 4.59 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 16W347 83Rd St
- Year built
- 1985
- Lot size
- 4.59 lot acres
- Property size
- 51,142 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burr Ridge
- County
- DuPage
- State
- Illinois
- Longitude
- -87.9428
- Latitude
- 41.7375
