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Hospital Plaza Professional Bldg 3800 Highland Ave

21,154 SF 77% Leased Office Building Downers Grove, IL 60515 $7,817,870 CAD ($370 CAD/SF)

Investment Highlights

  • 74% condominium interest in a 21,154 square foot medical office building
  • Property features 134 surface parking spaces for an above average ratio of 6 per 1,000 square feet located on a 2.76 acre parcel
  • Completed in 1995, the property has contemporary architectural finishes with central lobby and covered walkway.

Executive Summary

Transwestern has been exclusively retained by Ownership to offer qualified investors an opportunity to purchase Hospital Plaza Medical Building (the “Property”), a 74% condominium interest in a 21,154 square foot outpatient medical building. The majority interest includes six suites that total 15,697 rentable square feet providing a controlling share of the association.
The Property is directly across the street from the 333-bed, Advocate Good Samaritan Hospital, Advocate Good Samaritan features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and Magnet® recognition for nursing excellence. The hospital has served Downers Grove and the surrounding community for over 40 years. It is part of Advocate Health, the third-largest nonprofit integrated health system in the U.S.
Located on 2.76 acres, the Property offers an above average parking ratio of 6/1,000 square feet and exceptional access and visibility off Highland Avenue. Located on a lighted intersection shared with the main hospital entrance, patients and staff can easily walk to the campus or head North/South into or out of the Property. Tenants benefit from proximity to the hospital and also the strong demographics in the surrounding affluent neighborhoods that bolster a household income north of $147K within a 1-mile radius.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
21,154 SF
Building Class
B
Year Built
1995
Price
$7,817,870 CAD
Price Per SF
$370 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,154 SF
Building FAR
0.18
Lot Size
2.76 AC
Zoning
CRM, Downers Grove

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 4,150 SF
  • Medical
  • Full Build-Out
  • Now

High end finished buildout located at the entrance to the building. Currently occupied as Eye Doctor/Showroom. Located directly across from Good Samaritan Hospital. Stop light entrance, exit, ample parking. Ideally suited for multiple medical uses. Easy access to I-88, I-290, I-294. Class A finishes. Call for additional info.

  • 1st Fl-Ste 107
  • 800 SF
  • Office/Medical
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 100 4,150 SF Medical Full Build-Out Now
1st Fl-Ste 107 800 SF Office/Medical Full Build-Out Now

1st Fl-Ste 100

Size
4,150 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 107

Size
800 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 4,150 SF
Space Use Medical
Condition Full Build-Out
Available Now

High end finished buildout located at the entrance to the building. Currently occupied as Eye Doctor/Showroom. Located directly across from Good Samaritan Hospital. Stop light entrance, exit, ample parking. Ideally suited for multiple medical uses. Easy access to I-88, I-290, I-294. Class A finishes. Call for additional info.

1st Fl-Ste 107

Size 800 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 06-32-307-002
  • 06-32-307-004
  • 06-32-307-009
  • 06-32-307-011
  • 06-32-307-010
  • 06-32-307-001
  • 06-32-307-003
  • 06-32-307-006
  • 06-32-307-008
  • 06-32-307-005
  • 06-32-307-007
  • 06-32-307-012
Land Assessment
$151,877 CAD
Improvements Assessment
$1,366,998 CAD
Total Assessment
$1,518,876 CAD
  • Listing ID: 34171622

  • Date on Market: 2024-12-12

  • Last Updated:

  • Address: 3800 Highland Ave, Downers Grove, IL 60515

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