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94% Leased Medical Office Building 1301 Pyott Rd

30,665 SF Office Building Lake In The Hills, IL 60156 For Sale

Investment Highlights

  • 94% leased, multi-tenant medical office building
  • Excellent tenant mix with longstanding & new leases
  • Opportunity to extend leases & add value
  • Well-maintained building with strong visibility

Executive Summary

This well-occupied, multi-tenant medical office building is located in the thriving northwest suburbs of Chicago. Key tenants include HLC Therapy Group, Pebblebrook Pediatric, Decision One Dental and Lake in the Hills Endodontics—all longstanding, well-established businesses that provide stability and consistent demand for healthcare services in the area.
The tenant mix offers a valuable opportunity for a new buyer to add value by extending leases and fostering tenant retention in this highly desirable medical office market.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
30,665 SF
Building Class
B
Year Built
1997
NOI
$171,953
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,332 SF
Building FAR
0.28
Lot Size
2.50 AC
Zoning
B-4 - Business Commercial District
Parking
105 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Conferencing Facility
  • Property Manager on Site
  • Signage

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
5,688
63,864
160,124
2024 Population
5,585
63,684
159,290
Population Growth '20-'24
-1.8%
-0.3%
-0.5%
2020 Households
2,187
23,520
56,256
2024 Households
2,152
23,446
55,956
Household Growth '20-'24
-1.6%
-0.3%
-0.5%
Average Age
39
40
39
Median Household Income
$71,671
$92,910
$100,221
Daytime Employees
1,254
30,765
57,917
Total Businesses
256
3,783
7,128
College Degree + Higher
25%
34%
38%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-21-177-001
Land Assessment
$296,900
Improvements Assessment
$184,719
Total Assessment
$481,619
  • Listing ID: 33885916

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 1301 Pyott Rd, Lake In The Hills, IL 60156

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