Dark Medical Building | Duly 110 S 17th St

Marcus & Millichap is pleased to exclusively offer a redevelopment opportunity. This property has three years remaining on a dark, net-leased medical tenant with a corporate guarantee by DuPage Medical Group, LTD, including 3 percent annual rental increases. It offers a redevelopment opportunity, allowing the owner to generate cash flow while planning for future redevelopment or tenanting, with no out-of-pocket carrying costs for the next three years.
Located in an affluent city with a growing population, the area saw a 4.03 percent population increase within a one-mile radius from 2010 to 2020. The average household income within a five-mile radius is $159,909, and the daytime population is 126,628. The property is easily accessible, situated in a heavily traveled area adjacent to W. Main Street, which sees 27,500 vehicles daily, and just half a mile from N. Randall Road, which has 35,800 vehicles passing daily. It is also close to the Randall Road and Main Street bus stop for Pace Bus 801 and 39 miles from downtown Chicago.
The surrounding area benefits from strong economic drivers, including major national tenants. The property is 0.8 miles from Costco Wholesale, which attracts 2.2 million annual visitors, as well as two major car dealerships—Audi Exchange St. Charles with 32,800 annual visitors and Mercedes-Benz of St. Charles with 24,400 visitors. Notable retailers nearby include Pizza Hut, Culver's, X-Sport Fitness, LA Fitness, Dunkin', Starbucks, McDonald's, Oberweis, 7-Eleven, Domino's, Rainstorm Car Wash, and O'Reilly Auto Parts.