351 Greenleaf St Park City, IL 60085
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 351 Greenleaf St
- Lot size
- 0.26 lot acres
- Property type
- Commercial real estate
- APN
- 07-25-119-041
- APU
- 725119041
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Park City
- County
- Lake
- State
- Illinois
- Longitude
- -87.9009
- Latitude
- 42.3543
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
