386 N York Rd 21,075 SF 100% Leased Office Building Elmhurst, IL 60126 $3,000,000 ($142.35/SF) 7.67% Cap Rate

INVESTMENT HIGHLIGHTS

  • This property is located 15 minutes from Edward/Elmhurst Hospital
  • New roof was installed in 2021
  • The property is professionally managed by Colliers
  • Majority of office suites are on the second floor, where hallway flooring was updated with luxury vinyl. Artwork was added to the walls.

EXECUTIVE SUMMARY

Prime Medical Office Building for Sale. Discover a remarkable opportunity to acquire a fully occupied, medical office building, strategically located to serve a diverse clientele. Endeavor Edward Elmhurst Hospital is only 15 minutes away. Recent tenants were brought in on NNN leases. This property features a large medical practice on the first floor with 10 specialized suites on the second floor, ensuring an excellent mix of medical professionals at your fingertips.The property is home to a commendable tenant roster, including medical doctors, dentists, sports and performance specialists, psychologists, behavioral health experts, chiropractors, massage therapists, and a dermatologist. This variety not only enriches the community's health services but also enhances the building's overall appeal and tenant stability. With convenient elevator access from a covered parking area alongside a staircase, clients and patients will enjoy easy navigation throughout the building. Recent upgrades include a new roof, refreshed exterior, updated lighting with motion sensors, and refurbished second-floor hallways, ensuring a modern and welcoming atmosphere. Additional enhancements such as the common areas have new flooring, fresh paint, and newly installed skylights add to the building's aesthetics and functionality. This property encompasses two PIN numbers and is professionally managed by Colliers Property Management Services, providing peace of mind and professionalism in management. Don't miss the chance to invest in this prime real estate, perfectly poised for sustained growth and profitability in the medical sector. Contact us today for more information and to schedule a viewing! Pin numbers: 0335412017 and 0335412018.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $444,820 $22.03
Other Income - -
Vacancy Loss - -
Effective Gross Income $444,820 $22.03
Taxes $59,735 $2.96
Operating Expenses $154,873 $7.67
Total Expenses $214,608 $10.63
Net Operating Income $230,212 $11.40

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
21,075 SF
Building Class
B
Year Built/Renovated
1980/2021
Price
$3,000,000
Price Per SF
$142.35
Cap Rate
7.67%
NOI
$230,212
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,538 SF
Slab To Slab
10’
Building FAR
0.85
Lot Size
0.57 AC
Zoning
B2 - Zoned for professional/medical office use
Parking
55 Spaces (2.61 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Signage
  • Skylights
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Dr. Gary Barsky, MD
  • Health Care and Social Assistance
  • 2,746 SF
  • -
  • Full Service
  • Jul 2028
  • Gursimran Manaise PL
  • -
  • 2,309 SF
  • -
  • Full Service
  • Mar 2027
  • Jeffrey So
  • -
  • 994 SF
  • -
  • Triple Net
  • Dec 2026
  • Mosaic Counseling
  • Health Care and Social Assistance
  • 1,597 SF
  • -
  • Full Service
  • Dec 2026
  • New Age Services Corporation
  • Services
  • 3,015 SF
  • -
  • Full Service
  • May 2028
  • Reviving Wellness
  • Health Care and Social Assistance
  • 1,046 SF
  • -
  • Triple Net
  • Apr 2028
  • Rise Above
  • Health Care and Social Assistance
  • 924 SF
  • -
  • Full Service
  • Aug 2027
  • The Green Medical Practice
  • Health Care and Social Assistance
  • 1,682 SF
  • -
  • Full Service
  • Dec 2025
  • Webb Chiropratic
  • Health Care and Social Assistance
  • 1,691 SF
  • -
  • Full Service
  • Aug 2034
  • West Suburban Multi-Specialty
  • Health Care and Social Assistance
  • 2,796 SF
  • -
  • Full Service
  • Mar 2026
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Dr. Gary Barsky, MD Health Care and Social Assistance 2,746 SF - Full Service Jul 2028
Gursimran Manaise PL - 2,309 SF - Full Service Mar 2027
Jeffrey So - 994 SF - Triple Net Dec 2026
Mosaic Counseling Health Care and Social Assistance 1,597 SF - Full Service Dec 2026
New Age Services Corporation Services 3,015 SF - Full Service May 2028
Reviving Wellness Health Care and Social Assistance 1,046 SF - Triple Net Apr 2028
Rise Above Health Care and Social Assistance 924 SF - Full Service Aug 2027
The Green Medical Practice Health Care and Social Assistance 1,682 SF - Full Service Dec 2025
Webb Chiropratic Health Care and Social Assistance 1,691 SF - Full Service Aug 2034
West Suburban Multi-Specialty Health Care and Social Assistance 2,796 SF - Full Service Mar 2026
Walk Score®
Very Walkable (76)

PROPERTY TAXES

  • Listing ID: 35276700

  • Date on Market: 3/27/2025

  • Last Updated:

  • Address: 386 N York Rd, Elmhurst, IL 60126