Office Medical
Congress Medical Building
350 Congress Pkwy, Crystal Lake, IL 60014
Listing Price: $8,483,775
Investment Overview
Market & Millichap is pleased to present Congress Professional Center in Crystal Lake Illinois. The property consists of two, single-story, multi-tenant medical office buildings. The current owner purchased the property in 2022 when it was in disrepair and lacking tenants. He has been able to bring the occupancy up to 100%. Many repairs have been made to the property including a parking lot for the 390 building and a newly repaired, sealed, and striped parking lot for the 350 building. This property style is highly sought after because all tenants have their own entrances. There is no common interior area that the landlord is responsible for. The building is located in a dynamic area of Crystal Lake, a growing community in McHenry County. The buildings are occupied mainly by physicians and other businesses in the medical field. Advocate Health and Northwestern Medicine have urgent care facilities within a minute or two drive from the property. In addition, the property is within walking distance of national restaurants/retailers such as Target, Starbucks, McDonald's, Kohl's, Sam's Club, and many others.
Congress Medical Building
Investment Highlights
- 100 Percent Occupied | 88.15% Medical
- Parking Lot for the 390 Building Has Been Replaced
- Parking Lot for 350 Building Has Been Repaired, Resealed and Striped
- 11-Minute Walk to Pingree Road Metra Station | 3-Minute Drive
- Average House Income is $114,454 Within One Mile | Over $120,000 Within Three Miles and Over $130,000 Within 5 Miles
- National Retail Chains and Restaurants Within Walking Distance | Northwestern Medicine and Advocate Both Have Hospitals Less than 10 Miles Away
- Crystal Lake Has Seen Significant Population Growth With Continued Growth Expected
- Many Long-Term Tenants on Modified Gross Leases
Exclusively Listed By
Financing By
Listing Price: $8,483,775
Investment Highlights
- 100 Percent Occupied | 88.15% Medical
- Parking Lot for the 390 Building Has Been Replaced
- Parking Lot for 350 Building Has Been Repaired, Resealed and Striped
- 11-Minute Walk to Pingree Road Metra Station | 3-Minute Drive
- Average House Income is $114,454 Within One Mile | Over $120,000 Within Three Miles and Over $130,000 Within 5 Miles
- National Retail Chains and Restaurants Within Walking Distance | Northwestern Medicine and Advocate Both Have Hospitals Less than 10 Miles Away
- Crystal Lake Has Seen Significant Population Growth With Continued Growth Expected
- Many Long-Term Tenants on Modified Gross Leases
Investment Overview
Market & Millichap is pleased to present Congress Professional Center in Crystal Lake Illinois. The property consists of two, single-story, multi-tenant medical office buildings. The current owner purchased the property in 2022 when it was in disrepair and lacking tenants. He has been able to bring the occupancy up to 100%. Many repairs have been made to the property including a parking lot for the 390 building and a newly repaired, sealed, and striped parking lot for the 350 building. This property style is highly sought after because all tenants have their own entrances. There is no common interior area that the landlord is responsible for. The building is located in a dynamic area of Crystal Lake, a growing community in McHenry County. The buildings are occupied mainly by physicians and other businesses in the medical field. Advocate Health and Northwestern Medicine have urgent care facilities within a minute or two drive from the property. In addition, the property is within walking distance of national restaurants/retailers such as Target, Starbucks, McDonald's, Kohl's, Sam's Club, and many others.
Exclusively Listed By
Financing By
