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Office

Evergreen Park Professional Building

3317-3319 W 95th St, Evergreen Park, IL 60805

Listing Price: $999,950

Cap Rate
9.06%
Rentable SF
10,080
Lot Size
0.33 acres
Year Built
1966

Investment Overview

Marcus & Millichap is pleased to present 3317 West 95th Street in Evergreen Park, Illinois. The two-story multi-tenant office building is 86 percent occupied by many professional tenants. The building has had a high historical occupancy. This well-kept, multi-tenant office building has no deferred maintenance. Masonry construction. Renovated exterior with stucco, providing a modern appearance. New rubber membrane roof (2013) and new window and frames. Located in Evergreen Park, Illinois, a southwest suburb of the Chicago metropolitan statistical area (MSA), the property has enjoyed a historically high occupancy rate due to the proximity of a myriad of national retailers and healthcare options located on the busy 95th Street corridor. The pathway to profit in the property is to stabilize the tenancy by signing longer-term leases with the current tenants, many who have been there for some time, and taking advantage of leasing the vacant space.

Investment Highlights

  • High Density Retail and Services
  • High Historical Occupancy
  • Over 40,000 Vehicles per Day
  • 9.06 Percent Cap Rate | 16.73 Percent Total Leveraged Return | 11.73 Percent Cash-on-Cash Return

Exclusively Listed By

Office

Evergreen Park Professional Building

Listing Price: $999,950

Cap Rate
9.06%
Rentable SF
10,080
Lot Size
0.33 acres
Year Built
1966

Investment Highlights

  • High Density Retail and Services
  • High Historical Occupancy
  • Over 40,000 Vehicles per Day
  • 9.06 Percent Cap Rate | 16.73 Percent Total Leveraged Return | 11.73 Percent Cash-on-Cash Return

Investment Overview

Marcus & Millichap is pleased to present 3317 West 95th Street in Evergreen Park, Illinois. The two-story multi-tenant office building is 86 percent occupied by many professional tenants. The building has had a high historical occupancy. This well-kept, multi-tenant office building has no deferred maintenance. Masonry construction. Renovated exterior with stucco, providing a modern appearance. New rubber membrane roof (2013) and new window and frames. Located in Evergreen Park, Illinois, a southwest suburb of the Chicago metropolitan statistical area (MSA), the property has enjoyed a historically high occupancy rate due to the proximity of a myriad of national retailers and healthcare options located on the busy 95th Street corridor. The pathway to profit in the property is to stabilize the tenancy by signing longer-term leases with the current tenants, many who have been there for some time, and taking advantage of leasing the vacant space.

Exclusively Listed By

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