15531 E 127th Street #2, Lemont, IL, 60439

Investment opportunity to purchase an established medical office condo that is leased to a podiatrist practice. The tenant extended their lease until May 31, 2023 and has one renewal option to extend for an additional year with an escalation on the rent. The lease is NNN and is being offered an 11.5% capitalization rate. This turnkey office consists of four exam rooms, breakroom, waiting room, reception, nurses' station, and restroom. The office condo is approximately 1,100sf+/- and has an additional similar sized basement space that is used for storage and mechanical room. This is a "Medical Only" building per the association's bylaws. HVAC was updated in 2015 and roof was 2009. There is an association in place and the monthly dues are $252 per month. The dues cover costs for the garage removal, common area electric, lawn maintenance, snow removal, building insurance, and building security alarm.