Sold
1723 Howard Street
EVANSTON IL, 60202
$5,250,000
$435.68 per sqft
Sold
12,050 sqft
Commercial
Built in 1962
Courtesy of Jameson Commercial
26% Cash-on-Cash returns thru Base Lease! This is a stabilized NNN Medical Office Building (MOB) located in the Chicago MSA Market with a strong regional rated tenant. The business is perfectly suited to the Howard street area/local neighborhood and is thriving at this location! The Cash-On-Cash ROI make this an ideal investment for a 1031 Exchange with astounding returns over the Base Lease and beyond! Eight (8) years remain on Base Lease with three (3) additional 5-year options. This is a low maintenance investment earning the buyer an avg. 6.91% Cap Rate over the Base Lease! The tenant, Access Community Health Network, the Chicago area's largest provider of community health care, has 36 health centers located throughout the Chicago area and serves more than 180,000 patients each year. ACCESS has excellent credentials and this location is affiliated with Presence Saint Francis Hospital is listed as one of the Best Hospitals in Metro Chicago by U.S. News & World Report.
09851362
MLSⓇ ID
February 6, 2018
Listed
February 14, 2024
Updated
Map
1723 Howard Street
EVANSTON IL, 60202
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.28 Acres
Roof
Membrane
Other Property Details
Area Name
Evanston
Taxes
$17,424
Tax Frequency
Annually
Days on Market
135
Garage
No
View
No
County
Cook
Municipality
EVANSTON
Pool
No
Zoning
COMMR
Buyer Agency Compensation
1.50%-$325
Courtesy of Jameson Commercial, ,
Listing Contact: 773-946-8969
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Data last updated 8:49 AM UTC, 2/14/2024
