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7126 N Lincoln Avenue

Lincolnwood, IL 60712
  • $2,750,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 11698827
UPDATED: 52 min ago
$2,750,000
  • 0
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1967
County:
Area:

School Ratings & Info

Description

Unique opportunity to own or rent a completely renovated 12,000 square foot plus medical office building on a large lot and on the busy corner of Lincoln and Touhy. This building has undergone extensive updating and is ready for multiple medical offices, an urgent care facility, or any business looking for great office space on one of Lincolnwood's busiest corners. The hvac system is only a few years old, roof is ten years old but recent maintenance was completed, the building has a new fiber optic and t-line system, alarm is newly updated, parking lot repaved two years ago, phone systems are all new, almost all flooring was done in the last 12-24 months and recently painted. This building has over 20 exam rooms, a physical therapy room, xray room, lounges, stress test center, lab, operation room, kitchen, 10+ offices with 3 separate reception areas, and 10+ bathrooms. 2021 Gross Rent $376,000.00 with a net operating income of $260,000.00. There are currently two suites in the space, one is partially leased by seller but can be vacated, the other smaller space is vacant. Both spaces can be vacated for new owner or current tenants can stay on board. Space can be divided into multiple suites if needed.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-08T10:00:11.617 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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7126 N Lincoln Avenue Lincolnwood, IL 60712

  • Price: $2,750,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 52 min ago
  • MLS #: 11698827
0
Beds
0
Baths
0
½ Baths
0.89
Acres
1967
Built
Neighborhood:
Lincolnwood
County:
Cook
Area:
Lincolnwood
Property Description
Unique opportunity to own or rent a completely renovated 12,000 square foot plus medical office building on a large lot and on the busy corner of Lincoln and Touhy. This building has undergone extensive updating and is ready for multiple medical offices, an urgent care facility, or any business looking for great office space on one of Lincolnwood's busiest corners. The hvac system is only a few years old, roof is ten years old but recent maintenance was completed, the building has a new fiber optic and t-line system, alarm is newly updated, parking lot repaved two years ago, phone systems are all new, almost all flooring was done in the last 12-24 months and recently painted. This building has over 20 exam rooms, a physical therapy room, xray room, lounges, stress test center, lab, operation room, kitchen, 10+ offices with 3 separate reception areas, and 10+ bathrooms. 2021 Gross Rent $376,000.00 with a net operating income of $260,000.00. There are currently two suites in the space, one is partially leased by seller but can be vacated, the other smaller space is vacant. Both spaces can be vacated for new owner or current tenants can stay on board. Space can be divided into multiple suites if needed.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 31-50 Spaces Parking Total 45 Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age 36-50 Years Building Area Total 12160 Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Alarm MonitoredAlarm On SiteSprinklers-Wet Geographic Locale North Suburban Gross Income 376000 Gross Scheduled Income 376000 Leasable Area 12160 Mls Actual Status Active Net Operating Income 257180 Operating Expense 118820 Property Offered For Sale Or Rent Property Sub Type Medical Rental Price 30 Tax Annual Amount 103856 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceScavengerSewerVaries By Tenant Township Niles Type Office/Tech

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Main Street Real Estate Group: 773-799-8042.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-08T10:00:11.617 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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