Office Medical
Northwest Professional Building
2727 N Oakland Ave, Decatur, IL 62526
Listing Price: $1,450,000
Investment Overview
Northwest Professional Building is a 13,200 SF (11,779 RSF) three-tenant medical office building in Decatur, IL, offering investors a diversified, specialty-dental rent roll anchored by Smile Brands, one of the largest dental support organizations in the country, alongside a well-established regional orthodontic practice, Hage Orthodontics. The building is substantially leased, with one vacancy currently in lease-up and a prospective new tenant already identified — providing a clear path to full occupancy and near-term upside. Positioned along a high-traffic corridor near Decatur Memorial Hospital, the offering combines in-place income from long-tenured medical users with a modest value-add component at an attractive basis for the Decatur submarket.
Northwest Professional Building
Investment Highlights
- Three-tenant multi-tenant medical office building anchored by Smile Brands, one of the largest dental support organizations in the country, alongside a well-established regional orthodontic practice.
- Approximately 3.15 years of weighted-average lease term (WALT) remaining across in-place leases, with staggered rollover and renewal options on the two largest suites.
- Diversified specialty-dental tenancy across general/family dentistry and orthodontics, appealing to a broad range of medical/professional users.
- Positioned along N. Oakland Ave. (approx. 15,300 vehicles per day) within an established medical/retail corridor near Decatur Memorial Hospital.
- Institutionally-backed national tenant credit — Smile Brands is a portfolio company of Gryphon Investors, a leading middle-market private equity firm.
- Low basis / attractive price point relative to comparable medical office product in the Decatur submarket.
Exclusively Listed By
Broker of Record
-
Steven Weinstock
Senior Managing Director, Market Leader - Chicago
Listing Price: $1,450,000
Investment Highlights
- Three-tenant multi-tenant medical office building anchored by Smile Brands, one of the largest dental support organizations in the country, alongside a well-established regional orthodontic practice.
- Approximately 3.15 years of weighted-average lease term (WALT) remaining across in-place leases, with staggered rollover and renewal options on the two largest suites.
- Diversified specialty-dental tenancy across general/family dentistry and orthodontics, appealing to a broad range of medical/professional users.
- Positioned along N. Oakland Ave. (approx. 15,300 vehicles per day) within an established medical/retail corridor near Decatur Memorial Hospital.
- Institutionally-backed national tenant credit — Smile Brands is a portfolio company of Gryphon Investors, a leading middle-market private equity firm.
- Low basis / attractive price point relative to comparable medical office product in the Decatur submarket.
Investment Overview
Northwest Professional Building is a 13,200 SF (11,779 RSF) three-tenant medical office building in Decatur, IL, offering investors a diversified, specialty-dental rent roll anchored by Smile Brands, one of the largest dental support organizations in the country, alongside a well-established regional orthodontic practice, Hage Orthodontics. The building is substantially leased, with one vacancy currently in lease-up and a prospective new tenant already identified — providing a clear path to full occupancy and near-term upside. Positioned along a high-traffic corridor near Decatur Memorial Hospital, the offering combines in-place income from long-tenured medical users with a modest value-add component at an attractive basis for the Decatur submarket.
Exclusively Listed By
Broker of Record
-
Steven Weinstock
Senior Managing Director, Market Leader - Chicago
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