110 17th St St Charles, IL 60174-2526
- Commercial real estate
- 3,831 SF
- 0.13 lot acres
Current Use by Public Records
- Binita Chandran / Pediatrician / Physician
- Dr. James R. Curtis, MD / Pediatrician / Physician
- Duly Health and Care / Medical Group / Family Practice Physician
Property Details for 110 17th St
- Year built
- 1994
- Lot size
- 0.13 lot acres
- Property size
- 3,831 SF
- Property type
- Commercial real estate
- APN
- 09-33-126-019
- APU
- 933126019
Description
This exceptional investment opportunity presents a 4,923 square foot, single-tenant medical office building located at 110 S 17th St, St. Charles, IL 60174. Currently 100% occupied under a net lease with Duly, a corporate guaranteed tenant, the property boasts a remaining lease term of approximately 3.4 years, expiring April 30, 2028. The lease commenced April 23, 2018, and includes annual rent bumps. The asking price is $1,002,000, representing a compelling $203.53 per square foot and a 10.21% cap rate based on a current NOI of $102,283. Built in 1994, this single-story building sits on a 0.4-acre lot and offers 20 parking spaces. The property benefits from its location in a high-traffic area, adjacent to W. Main Street (27,500 vehicles daily) and near N. Randall Road (35,800 vehicles daily). The surrounding area features strong economic drivers, including major national retailers such as Costco Wholesale (2.2 million annual visitors), Audi and Mercedes-Benz dealerships, and numerous restaurants and fitness centers. The property's strategic location and strong tenant provide a stable investment with significant redevelopment potential. Lease options include 2 and 5-year extensions. The property's Kane County APN is 09-33-126-019 | 09-33-126-036. This is a rare opportunity to acquire a well-located, income-producing asset with a strong tenant and future upside.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $330,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $795,000
- 6.5%
- $730,000
- 7%
- $680,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $701,000
- AI Estimate
- $422,000
Market price range: $535k - $1.24MMarket price range: $300k - $722k
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Location Insight
- Map
- Local Demand
- City
- St Charles
- County
- Kane
- State
- Illinois
- Longitude
- -88.3345
- Latitude
- 41.9108
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA