$3,300,000 SALE
Office Bldg
0.23 AC
330 Frontage Rd

Coldwell Banker Commercial has exclusively been chosen to market this Medical Office/Cosmetic Surgical building located at 330 Frontage Rd in Northfield, IL which consists of a 10,149 sq. ft building or0.23-acre site upon which exists a 7,824 SF GBA or 7,714 SF NRA (includes usable lower level space) masonry constructed outpatient cosmetic surgical/medical office building that was constructed in 1962, with renovations in 1998, 2003 and 2013. This turn key opportunity is positioned for an investor to keep tenants in place and collect a solid residual income with long term successful tenants or have the option to be an owner/user of the entire building for a medical business. The subject property is situated within a desirable, high net-income area and demand for outpatient cosmetic surgical/medical office building like the subject is strong. The overall subject structure's design features/characteristics are upscale in character and particularly befitting in both appearance and function) for cosmetic surgery (high-end cosmetic/plastic surgery and cosmetic dental occupancy/procedures), with high-end finishes that include extensive marble and glass finishes, tray ceilings, upscale woodwork, and top-of-the-line electrical, plumbing, and HVAC fixtures.

Property Type Office Bldg
Property Use Rental or Investment
Year Built 1962
Renovated Year 2013
Level Number 3
Average Floor Size 2,608
Lot Dimensions 150X50
Available Floors 3
Max Continuous Area 7,824
Sub-Lease 4
Zoning V/C
Tax Year 2019
Cap Rate Percentage 6
Common Area Factor 110
Listing ID HQ4E47
Style Office Bldg -Medical
Lot Size 0.23 AC
Available Date Nov 16th, 2020
Taxes $50,510
Area Description

Region: Chicago

Region: Central United States

Region: Northfield

Region: Illnois

Region: North America

Property Features
Parking Ratio: 2
Parking Places: 16
Cooling: A/C, Central A/C - Electric, Central A/C - Gas, Central A/C, Humidifier
Lot Size: Under 1/2 Acre
Flooring: Marble
Heating Type: Multi-Zone Heat
Body of Water: Lake
Area Description: Metropolitan, Suburban
Age: 41-50 Years Old
Sewer: City
Water: City Water
Down Payment: $990,000
Gross Income: $302,750
Expenses: $82,491
Loan Payment: $171,652
Fully Leased Income: $302,750
Cash Flow: $189,984
Additional Media Area Demographics

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