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 |
Region: Chicago
Region: Central United States
Region: Northfield
Region: Illnois
Region: North America
| 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 |
