Investment Overview

Marcus & Millichap is pleased to present 3410 W. Van Buren Avenue, Chicago, Illinois. The building was a former Fresenius Kidney Care and Advocate Health Care center and is currently vacant. The building is comprised of 23,253 square feet, situated on 0.62 acres of land. Fresenius Kidney Care has vacated the property but will continue to pay their rent under a triple-net lease structure until April 30, 2027. The property is encumbered by a long-term 75-Year ground lease. Per the terms of the ground lease, the subject property has a right to 45 parking spaces of the adjacent parking lot at the northwest corner of Trumbull and Van Buren. The subject is on the north side of Van Buren Street, just north of RML Specialty Hospital and Interstate 290. Ingress and egress are available to the site via foot traffic from Van Buren Street, Homan Avenue, and Trumbull. The adjacent parking lot (not part of the subject property) has ingress and egress available to the site via a curb cut along the northern right-of-way of Van Buren Street. There are no easements or encroachments based on the site. A current title policy will outline and easements/encroachments, if any. The building offers substantial space, and excellent connectivity, making it an ideal medical office location for users to optimize their operations. Fully built-in medical facility with 26 exam rooms,13 offices, laboratory, storage, separate check-in and check-out desks, 7 restrooms, reception area, waiting, nurses station, staff lunchroom with lockers. The building is within the jurisdiction of Cook County of Chicago and provides all municipal services, including police, fire, and refuse garbage collection. All utilities are available to the site. There is no parking at the subject property. The property is located adjacent to RML Specialty Hospital 61-Beds and near major thoroughfares including Interstate 290. The site is well located and has visibility to roadway frontage.