199 Addison Rd, Wood Dale, IL 60191-1929

This exceptional 30,000 square foot executive office building at 199 Addison Road in Wood Dale, Illinois, presents a compelling investment opportunity. Currently boasting 81.75% occupancy, the property offers a strong 8.50% capitalization rate with a projected Net Operating Income (NOI) of $245,000 in 2024. The building features two units, each offering unique advantages. Unit 107A is fully furnished, providing immediate income potential, while Unit 108 benefits from a completed medical build-out, ideal for a healthcare professional or related business. Both units provide private office suites, private entrances, and self-controlled heating and air conditioning, enhancing tenant comfort and control. The property also includes abundant parking, a significant benefit in this location. Its strategic location offers easy access to major roadways, including Routes 290 and 83, ensuring convenient commutes for tenants and clients. The building is professionally managed, minimizing operational concerns for the owner. The property's current occupancy level presents a clear value-add opportunity through leasing the remaining vacant space. This is a rare chance to acquire a well-maintained, strategically located executive office building with significant upside potential in the thriving DuPage County market. The asking price is $2,800,000. The lease type is modified, and the tenancy is multi-tenant. The property is located in Wood Dale, IL, zip code 60191.