1828 W Foster AVE #CE Chicago, IL 60640

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 16,000 sqft

Price per Sqft $49

MLS Listing ID 12293824

Year Built 2005

Annual Tax Amount $18,983

Tax Year 2023

Lot Dimensions 0.14 ACRES

Property Sub-Type Office/Tech

Property Description

Prime NNN Investment Opportunity - Dental Practice in Chicago, IL This property features a 10.5-year lease expiring 10/31/2029 with annual rent increases and two 5-year renewal options along with a personal guaranty from a well-established 9-location dental operator with strong financials. This NNN lease structure provides a low-maintenance investment, with the tenant covering all interior expenses while the condo association manages exterior maintenance, including capital items-costs that are fully reimbursed by the tenant through monthly assessments. In addition, tenant is also fully responsible for paying taxes directly, as well as insurance with landlord named as additional insured.

Location

State IL

County Cook

Area Chi - Lincoln Square

Zoning OFFIC

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Office/Tech

Level or Stories 4

Listed by Kelley McDonald • Stone Realty Group

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106