Property Listing No Longer Available for Sale

381 South Schmale Road, Carol Stream, IL

Office for Sale - $447,000 - 7,640 Sq. Ft.


Property Info

CIMLS#204850
Location
  381 South Schmale Road
  Carol Stream IL 60188
UpdatedFebruary 28th, 2012
TypeOffice
Price$447,000
Building7,640 Sq. Ft.

Property Description

Marcus & Millichap is pleased to present 381 South Schmale, a 2,500 square foot medical office condo complex located in Carol Stream, Illinois. This property is currently 100 percent occupied by Central DuPage Physician Group an affiliate of Central DuPage Hospital. This medical office condo is located at Mona Kea Medical Park where a community of professionals is within walking distance from each other. Central DuPage Physician Group has occupied this space for over 30 years and has a large number of clients in this area. This is a great opportunity for investors who are seeking a good return on their investment.

Location Description:

This well maintained medical office condo is located in the heart of Carol Stream, walking distance from banks, stores, restaurants and other businesses. This property is architecturally well designed from every detail inside and out. This is a free-standing medical office maintained by the condo association.

The Village of Carol Stream offers modern schools, a large park district with state of the art facilities, a modern library and churches of several denominations. Carol Stream is a village in DuPage County, Illinois where investors can benefit from low real estate taxes. This is a great place to live, work and play.

Highlights:

>> Outstanding Opportunity for Investors

>> High Historical Occupancy Rate

>> DuPage County Taxes

>> Located in Carol Stream, Illinois

>> High Traffic Count

>> Close Proximity to Banks, Restaurants, Offices and Stores

>> Low Maintenance

>> Easy Access to Highway

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Financials

Sales Info:

>> Cap rate: 9.02%

>> NOI: $40313.0


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