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Office Medical

Net Leased Medical Office

690 State Rte 31, Crystal Lake, IL 60014

Listing Price: $1,896,000

Cap Rate
8.60%
Gross SF
16,045
Rentable SF
16,045
Price/Gross SF
$118.17
Occupancy
90.0%
Year Built
1980
Lot Size
2.50 acres

Investment Overview

Marcus & Millichap is pleased to present an office building in Crystal Lake, Illinois. It has an ideal mix of medical, internet-resistant tenants including Crystal Lake Oral and Maxillofacial Surgery, Pediatric Dental Associates, Dennis McDowell D.D.S. General Dentistry, Fox River Orthodontics, and Candace Opon D.D.S Family Dentistry. There is also the opportunity to add value through leasing the vacant 1,600 square feet. Pediatric Dental Associates and Crystal Lake Oral Surgery have over seven years of lease term remaining. It is conveniently located on the heavily traveled Route 31 seeing over 28,000 vehicles per day. It is less than one-mile from the Route 31 and Route 176 intersection seeing 47,925 vehicles passing per day. It's centrally located between Advocate Good Shepherd Hospital, Northwestern Medical Huntley Hospital, and Northwestern Medicine McHenry Hospital, with a combined 483-licensed beds. There is also an abundance of schools near subject property. More than 11 schools within six miles have a combined 9,400 students. In addition to that, there are attractive and affluent demographics surrounding subject property. 92,934 people live within a five-mile radius, with a daytime population of 94,000 workers. The average household income is $152,388 within one-mile.

Investment Highlights

  • Ideal Mix of Medical, Internet-Resistant Tenants
  • Pediatric Dental Associates and Crystal Lake Oral Surgery Have Over Seven Years of Lease Term Remaining
  • Opportunity to Add Value Through Leasing the Remaining 1,600 Square Feet
  • Located on Heavily Traveled Route 31 with Over 28,000 Vehicles Passing per Day
  • Centrally Located Between Advocate Good Shepherd Hospital, Northwestern Medicine Huntley Hospital and Northwestern Medicine McHenry Hospital
  • Abundance of Schools Near Subject Property
  • Attractive Affluent Demographics

Exclusively Listed By

Office Medical

Net Leased Medical Office

Listing Price: $1,896,000

Cap Rate
8.60%
Gross SF
16,045
Rentable SF
16,045
Price/Gross SF
$118.17
Occupancy
90.0%
Year Built
1980
Lot Size
2.50 acres

Investment Highlights

  • Ideal Mix of Medical, Internet-Resistant Tenants
  • Pediatric Dental Associates and Crystal Lake Oral Surgery Have Over Seven Years of Lease Term Remaining
  • Opportunity to Add Value Through Leasing the Remaining 1,600 Square Feet
  • Located on Heavily Traveled Route 31 with Over 28,000 Vehicles Passing per Day
  • Centrally Located Between Advocate Good Shepherd Hospital, Northwestern Medicine Huntley Hospital and Northwestern Medicine McHenry Hospital
  • Abundance of Schools Near Subject Property
  • Attractive Affluent Demographics

Investment Overview

Marcus & Millichap is pleased to present an office building in Crystal Lake, Illinois. It has an ideal mix of medical, internet-resistant tenants including Crystal Lake Oral and Maxillofacial Surgery, Pediatric Dental Associates, Dennis McDowell D.D.S. General Dentistry, Fox River Orthodontics, and Candace Opon D.D.S Family Dentistry. There is also the opportunity to add value through leasing the vacant 1,600 square feet. Pediatric Dental Associates and Crystal Lake Oral Surgery have over seven years of lease term remaining. It is conveniently located on the heavily traveled Route 31 seeing over 28,000 vehicles per day. It is less than one-mile from the Route 31 and Route 176 intersection seeing 47,925 vehicles passing per day. It's centrally located between Advocate Good Shepherd Hospital, Northwestern Medical Huntley Hospital, and Northwestern Medicine McHenry Hospital, with a combined 483-licensed beds. There is also an abundance of schools near subject property. More than 11 schools within six miles have a combined 9,400 students. In addition to that, there are attractive and affluent demographics surrounding subject property. 92,934 people live within a five-mile radius, with a daytime population of 94,000 workers. The average household income is $152,388 within one-mile.

Exclusively Listed By

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