Medical & Legal Arts Building

Highlights:

• The Medical & Legal Arts Building in South Elgin, Illinois, part of the western Chicago suburbs, provides a unique opportunity to acquire a first-class 97% occupied mixed use Medical and Business office property. The Class A medical and professional building has strong credit tenancy, including a 15 year lease with a national and well-capitalized Daycare/Learning Center occupying the first floor of the building. A national Women’s Health Care tenant occupies 3 tenant suites including its new Comprehensive Mammography Center; a national Gastroenterology group; a well-recognized national Financial Wealth Management firm; a Medical Image training company, and a local major Law Partnership Office round out the second floor tenants.
• The entire first floor is occupied by an Internationally recognized Early Learning and Child Care Center. This multi-million-dollar newly constructed state of the art facility includes private staff entry and under cover port couchere automobile drop-off entry for students. It features 13 childcare and classrooms, kitchen, pantry, in unit laundry, staff room and private offices, and state-of-the-art secure exterior playground. Newly paved ample parking areas, fully irrigated landscaping, brick enclosed waste receptacle areas, upgraded fire alarm and computerized HVAC systems with M-13 filtration are just some of the hallmarks of this rarely available property.
• The building is located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station, and is a few hundred yards west of the intersection of the main North South Corridor, Randall Road. This high end Randall Road corridor is filled with retail, restaurant, recreational, banking, and general merchandise nationally recognized tenants.
• The building is also centrally located between Northwestern’s Delnor Hospital on Randall Road 7.4 miles to the south, and Advocate Sherman Hospital 6.8 miles to the north, at the Randall road and Interstate 90 interchange.
• This property is surrounded by residential, including Robin Glen, Thornwood, Sugar Ridge, River Ridge, The Springs at South Elgin, Authentix, Beckett’s Landing, and Ashbury. Nearby Corron Elementary School is part of the highly rated St. Charles School District 303. Senior housing, including Silver Glen Senior Living, and Heritage Woods of South Elgin are also nearby.
• This professionally managed building has all the physical and locational attributes needed for long term and renewed continuing successful medical, or business-related occupancy. Fiber-optic from both AT&T and Xfinity as well as Metronet internet, and the ability to have Satellite communications make this facility top of the line.
• Financials available upon receipt of signed CA.

Description:

The Medical & Legal Arts Building in South Elgin, Illinois, is a multi-tenant medical and professional building which provides a unique opportunity for an investor to purchase a long-term, in-place income stream.

Just west of the main north-south corridor Randall Road, with monument signage on McDonald Road. The building is close to Northwestern Delnor Hospital and Advocate Sherman Hospital. Located near high end residential and upscale apartment complexes. Located directly across from the South Elgin & Countryside Fire Protection District Fire and EMS Station. Centered in a high traffic retail shopping and dining area to provide exposure to patients and amenities for staff.

All Electric with Energy Management system.

---

Report Listing This listing was syndicated through:

Documents: