Bought with Mark Kelner of United Realty Group, Inc.
$745,000
$795,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
16,000 SqFt
SOLD DATE : 09/25/2025
Key Details
Sold Price $745,000
Property Type Commercial
Sub Type Office/Tech
Listing Status Sold
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $46
MLS Listing ID 12293824
Sold Date 09/25/25
Year Built 2005
Annual Tax Amount $18,983
Tax Year 2023
Lot Dimensions 0.14 ACRES
Property Sub-Type Office/Tech
Property Description
Prime NNN Investment Opportunity - Dental Practice in Chicago, IL This property features a 10.5-year lease expiring 10/31/2029 with annual rent increases and two 5-year renewal options along with a personal guaranty from a well-established 9-location dental operator with strong financials. This NNN lease structure provides a low-maintenance investment, with the tenant covering all interior expenses while the condo association manages exterior maintenance, including capital items-costs that are fully reimbursed by the tenant through monthly assessments. In addition, tenant is also fully responsible for paying taxes directly, as well as insurance with landlord named as additional insured.
Location
State IL
County Cook
Zoning OFFIC
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States