Gateway Professional Center | 2 Condos — Sale in Sycamore, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Sycamore, IL 60178
  • Year built: 2007

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present for sale two condominium units (Units 400 and 425) totaling 4,300 square feet at 2560 Hauser Ross Drive, located within the Gateway Professional Center in Sycamore, Illinois. The subject property is currently 100% occupied. Tenants will vacate the property with 120 days’ notice following closing, offering near-term occupancy and flexible use for an owner-user or medical professional. Unit 425 features a medical build-out including five exam rooms, procedure room, lab, physician’s office, nurses’ station, and reception and waiting area. Amenities include a former X-ray room with lead walls, ADA-accessible restrooms, storage rooms, radiant floors and sidewalks, five HVAC split units, three boilers, and gas-fired water heater and furnace systems. Second-floor amenities include staff breakroom, server room, and mechanical room. Unit 400 features a reception area, conference room, principal office with studio space, and a former lab area currently used for storage. Gateway Professional Center is a five-building medical office condominium campus comprising eight units and is home to a mix of primary care, specialty, and outpatient medical users, including Northwestern Medicine Dermatology, DaVita Home Dialysis (NYSE: DVA), Elite Cardiology Solutions, Advanced Internal Medicine of Northern Illinois, and Northern Illinois Medical Associates. The property is located within an established medical office corridor adjacent to Northwestern Medicine Immediate Care – Sycamore and ~0.5 miles from Northwestern Medicine Kishwaukee Hospital, a 98-bed acute-care hospital with 24/7 emergency services. The area is further supported by healthcare users along Gateway Drive including DaVita Sycamore Dialysis, Physicians Immediate Care, and the Hauser-Ross Eye Institute. The office complex offers excellent accessibility via a signalized intersection at IL-23 and Gateway Drive (21,300 vehicles per day) and walk-in parking. The property is s

Market Context

This office in Sycamore, IL is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2007. It has been on the market for 100 days. Compare it against other office listings for sale in Sycamore, IL — view the full market.

Contact

Explore this market

Similar Office for Sale in Sycamore, IL