Investment Overview

Marcus & Millichap is pleased to present this 1.21 acre mixed use investment property located at 1 E Merchants Dr, Oswego, IL. The property features a three story office building with a basement, 80 parking spaces, and a diversified tenant mix anchored by Fifth Third Bank on the first floor, LifeStance Health on the third floor, and multiple office tenants occupying the second floor. The property provides investors with a compelling combination of stable cash flow and institutional credit tenancy. Approximately 58 percent of the building, representing two of the three floors, is occupied by credit tenants, including Fifth Third Bank and LifeStance Health. LifeStance Health benefits from a corporate guarantee from a publicly traded company, providing additional security to the investment. Fifth Third Bank further strengthens the property's tenant profile, with approximately $100 million in bank deposits associated with the branch. The bank's established presence provides strong visibility and demonstrates the importance of the location to its operations and the surrounding community. The property has benefited from approximately $130,000 in capital improvements since 2024, including brand new HVAC units. In 2022, the landlord invested more than $100,000 into a custom buildout for LifeStance Health, creating a specialized medical office environment tailored specifically to the tenant's operations. The significant tenant specific investment creates additional retention value, as replicating a comparable space at another location would require substantial time and capital. Located in Oswego, the property offers convenient access to surrounding residential, commercial, and employment centers. The combination of credit tenancy, corporate backing, recent capital improvements, substantial investment in tenant specific improvements, and a diversified occupancy profile creates an attractive opportunity for investors seeking stable income with institutional tenancy. The property generates a current Net Operating Income of $233,506 and is offered at a 7.78 percent cap rate and $224.97 per square foot, providing investors with an attractive basis for a well located suburban office asset with strong credit tenancy, recent capital investment, and meaningful barriers to tenant relocation.