This bank owned 1031 eligible commercial property located at 211 Dixie Highway is a 51,524 SF, free-standing, single-story, medical office / retail building on 5.75 acres located in Chicago Heights, IL. The building was originally constructed in 1986 and renovated in 2006. The building is 15% leased to one of the largest hospital groups in the Midwest. The medical group is under a triple net lease that is currently in the 1st year of a 5 year term. Base rent is $15.46/SF and the tenant is responsible for its portion of the real estate taxes, insurance and operating expenses. The remaining space is unencumbered by leases and is in near vanilla box condition.
Asking price is $2,900,000. For more details view the attached pdf file.
Contact Ken Knoll at First Bank of Illinois at 847-654-4411.
