Property Listing No Longer Available for Sale

640 East Saint Charles Road

Carol Stream, IL

Health Care for Sale - $1,060,000 - 23,615 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#161883
Location
  640 East Saint Charles Road
  Carol Stream IL 60188
UpdatedSeptember 20th, 2011
TypeHealth Care
Price$1,060,000
Building23,615 Sq. Ft.
Land49299.44 acres

Property Description

Marcus & Millichap is pleased to present 640 East Saint Charles Road, a 23,615 square foot medical office building located in Carol Stream, Illinois, a western suburb of Chicago. The village’s proximity to Interstate 355, Interstate 88, O’Hare International Airport and DuPage County Airport make it a viable site for businesses. Currently the building is 74 percent occupied by multiple tenants who are in the medical field. This medical office building is within walking distance from banks, restaurants and other businesses. The subject property is currently positioned as a short sale and was carefully analyzed to position well within the market.

Location Description:

The Village of Carol Stream has continued to grow and prosper each year. Today, the Village is home to over 900 businesses and industries and approximately 39,711 residents and 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:

>> Medical Office Facility

>> DuPage County Taxes

>> Great Opportunity for End- User or Investors

>> Walking Distance from Restaurants, Shops, Offices and Banks

>> Affluent Neighborhood

>> Loyal Current Tenants

>> Add-Value Opportunity

>> Attractive Demographics within a Five-Mile Radius

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Financials

Sales Info:

>> Cap rate: 9.88%

>> NOI: $104721.0