8510-8514 Broadway

Office for Sale
Catylist Listing ID: 30639858
Building Size (RSF): 14,680 SF
Gross Building Area: See Agent
Sale Price: $2,470,000
Unit Price: $168.26 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/1/2023

Overview / Comments

This is a two-unit condominium two-story medical office building. (M.O.B.) The
north approximately two thirds is for sale, containing a total of 14,680 SF with
9,772 +/-SF on the main and 4,908+/- SF on the second floor. Constructed in 1991 with a second-floor addition build out in the north end of the building in 2005. 2017 exterior renovations include: replacement of handicap ramp, newly tuckpointed windows, resurface the parking lot with new storm drains, 2018 replacement of the roof, and landscaping. Ideal for all types of medical and professional office uses.
The 1st floor middle unit features a vestibule entry with glass enclosed reception
desk, waiting room, procedure room, two operating rooms, laser room, post
operation recovery room, refrigeration room, and two half bathrooms. The right
unit features a reception desk, waiting room, three bathrooms, three private offices, six exam rooms, mechanical room, and storage closets. The upper level features a staff lounge, conference room, meeting room, 2 employee bathrooms with lockers, laboratory, office, mechanical room, storage closets and doctor’s office with bathroom. 2022 pay 2023 taxes $52,192.76.

Located 300' west of Broadway between the two 84th and 86th Avenue stoplights. 1/2 mile south of U.S. Route 30. 3/4 mile southwest of I-65 highway interchange. Methodist Hospital is located two blocks southeast. The Fortune 500 NiSource/NIPSCO headquarters is 1/2 mile east. Several banks and restaurants are in the immediate vicinity including Fifth Third, Horizon, Chase, and Centier, Applebee's, Portillos, McAlister's Deli, Panera, House of Kobe, Gamba's and many more.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: unknown

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,563 37,870 116,966
Median Age: 39.97 38.05 38.11
Households: 2,136 14,742 44,636


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