Prime investment opportunity in the heart of downtown Glenview. Colonial Court Professional Building is 82% leased to nine, long-term, medical tenants. Upon full stabilization (just two small vacant units), building is expected to operate at an 8.6% cap rate. There's opportunity to drive down some of the opex to increase the cap rate north of 9%. The building is meticulously maintained and in excellent condition. 63 onsite surface parking spaces offers easy access for tenants and patients. The premier location provides incredible visibility bolstered by heavy foot and vehicle traffic. Continued development to neighboring properties is sure further increase the value of this asset in the years to come. Call List Brokers for Offering Memorandum and Financials.
11983387
Commercial - Office, Business Opportunities, 2 Story
1962
Cook
1.07
Acres
2
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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