2202 Harlem RdLoves Park, IL 61111

For Sale
$924,000

$924,000 - 12,616 SF Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional two-building medical office complex in Loves Park, IL, presents a unique investment opportunity. Boasting 12,616 square feet across two stories, the property features multiple offices, conference rooms, a large cubicle area, and break rooms. Built in 1981 and renovated in 2006, the Class B building is situated on a 1.62-acre lot with ample parking (including a lot across the street) and benefits from high electrical power and an overhead door for convenient deliveries. The property includes a natural gas generator capable of powering the entire complex. Located on Harlem Road, it enjoys high visibility with over 16,000 vehicles passing daily. The permitted zoning is CR. The property's APN is 08-29-479-010, 08-29-479-008, and partial additional numbers. 2023 real estate taxes totaled $15,077. The seller will consider a sale-leaseback option for a portion of the building. This versatile property is priced at $924,000, or $94.32 per square foot, making it an attractive investment for healthcare providers or investors seeking a strong return.

Highlights

  • $924,000 asking price for this multi-tenant medical office building.
  • 12,616 square feet, priced at $94.32 per square foot.
  • Class B, two-story building constructed in 1981, renovated in 2006.
  • Located on a 1.62-acre lot at 2202 Harlem Rd, Loves Park, IL 61111, with ample parking.
  • Features include multiple offices, conference rooms, a large cubicle area, break room, high electrical power, and an overhead door.
  • Includes a natural gas generator and benefits from high daily traffic counts exceeding 16,000 vehicles.

Property Details for 2202 Harlem Rd

Property type
Other office properties, Medical offices
Square Feet
12,616 SF
Class
B
Year Built/Renovated
1981/2006
Buildings
2
Stories
2
Lot Size (sq. ft)
70,567 SF

Location Insight

City
Loves Park
County
Winnebago
State
Illinois
Latitude
42.340155648112
Longitude
-89.019119541508
2202 Harlem Rd, Loves Park, Illinois

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2202 Harlem Rd
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