Courtesy: Olivieri Real Estate LLC
708-719-3444
Discover a PRIME opportunity to own a fully leased, turnkey Medical Office building with long-term, stable tenants-many in place for over a decade! Anchored by Heart Care Centers of Illinois, which occupies the entire first floor (18,311 SF) with a lease through 2035 and options extending through 2045, this property delivers reliable, long-term income from day one. The building totals approximately 36,622 square feet and has been professionally managed and meticulously maintained. Built in 2004, this modern, high-quality facility features a prominent marquee for tenant signage, new front sliding doors, rooftop solar panels, ample surface parking, and exclusive covered parking for tenants-enhancing convenience, accessibility, and overall comfort. Situated on 5.83 acres, the expansive site provides generous parking and effortless access for patients and staff. Additionally, Peace Village Senior Living is located directly north of the property and is home to approximately 285 residents. Many residents and employees are patients or clients of the existing tenants, further enhancing convenience and supporting natural cross-referral opportunities within the building. Location, Location, Location: Less than one mile from LaGrange Road with convenient access to major expressways including I-294, I-55, I-57, and I-355, the property is ideally positioned to serve a broad patient base throughout the southwest suburbs and greater Chicagoland area. This is a RARE opportunity to acquire a high-quality, income-producing medical office building in a prime location-an exceptional addition to any investment portfolio.
Palos Park is located in Illinois. Palos Park, Illinois has a population of 4,859. Palos Park is less family-centric than the surrounding county with 25.3% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Palos Park, Illinois is $122,676. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Palos Park is 56.6 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 39.2 inches per year, with 32.8 inches of snow per year.
