3445-3449 Ridge Road

Office for Sale
Catylist Listing ID: 30779841
Property Subtypes: Medical, Office Building
Building Size (RSF): 5,976 SF
Gross Building Area: See Agent
Gross Land Area: 0.59 Acres
Sale Price: $875,000
Unit Price: $146.42 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/3/2022

Overview / Comments

This is a 3 unit all brick building built in 1982. 100% fully leased.Unit 3445 is leased to a Home Health Care Office consisting of waiting/reception office, 2 exam rooms, 2 recovery rooms, 1 office and bathroom.
Unit 3447 is leased to Kanuru Interventional Spine & Pain Institute*. Interior features include reception/waiting area, 3 offices, 4 exam rooms, conference room, break area, record/file room, storage room, nurses/prep area and 2 bathrooms.
Unit 3449 is leased to Machen Therapy and Sports Medicine*. Interior features include reception/waiting area, 2 exam rooms, 2 offices, kitchen, file room and bathroom.
*Owner occupant/Pain Management Practice and adjoining Physical Therapist will sign new 3 year leases with sale of building or can be vacated within 6 months of sale of the building if buyer desires to occupy.
Located in Highland on the northwest corner of Ridge Road and Johnston Street just 1/2 mile east of Kennedy Avenue and 1 mile west of Cline Avenue, both of which provide direct access to Interstate 80/94.
2021 taxes payable 2022 are $6,221.84.

Current Tenants

Tenant Business Name Home Health Care Office
Is Renting? Yes
Tenant Business Name Kanuru Interventional Spine & Pain Institute
Is Renting? Yes
Tenant Business Name Machen Therapy and Sports Medicine
Is Renting? Yes

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-07-22-377-022.000-026
Zoning: PUD
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Flat
Total Parking Spaces: 30

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,065 97,261 261,596
Median Age: 40.76 38.43 37.6
Households: 5,938 38,062 99,785


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