Overview

Description

The subject property is a single-story, multi-tenant Class C office building with 35,536 SF, well situated in the Park West Business Center industrial park between Gary Avenue and Schmale Road. The building is located in the Village of Carol Stream, in DuPage County. The county has low real estate taxes for the general metro area All of the vacancies are contiguous and can be individual or combined suites.

The property is in fair condition and has some deferred maintenance. The roof is older and at the end of its life. There are 12 rooftop HVAC units, two were replaced in 2021 and the remaining are in good, functioning condition. The property is situated on 2.63 acres with a parking lot that surrounds the building on three sides and is in fair condition. Overall the building requires capital improvements primarily with the need to replace the roof in the near future. The asking price takes this work into consideration.

This property is positioned as an owner/user sale. A buyer can either occupy the building in full, with the majority of leases shorter term, or can choose to retain some or all of the tenants. This is ideal for an owner/user building who needs the entire building or wants additional income from tenants.

Carol Stream Area has a large pool of local labor and a diverse business park. The town is located 35 miles northwest of Chicago, with 6 major roads running through the village: North Avenue, Army Trail, Gary Avenue, Schmale and County Farm Roads with easy access to Rt-355 and Elgin O'Hare Expressway. Carol Stream was named in Money Magazine as 1 of the top 100 best places to live nationally and tops overall in Illinois.

The subject property is conveniently located on Kehoe Boulevard, equidistant between Schmale and Gary Avenue and just one street north of North Avenue.

Highlights

• 35,536 SF Multi-Tenant, Single-Story Office Building
• Property can be Delivered Fully Vacant or Buyer can Retain Some of the Tenants
• Common Shared Conference Room and Restrooms for Some of the Tenant Suites
• One Block from North Avenue - Major E/W Thoroughfare
• 3.5 Miles from I-355
• DuPage County- Low Taxes

Documents

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