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Greenbriar Medical Office
RECENTLY RENOVATED VALUE-ADD MEDICAL OFFICE SALE

Recently Renovated – Between 2017 and 2018 the landlord spent more than $400,000 replacing the roof, repaving the parking lot, installing new HVAC, and modernizing the elevators at the property.  Additional work was performed relating to the landscaping, carpeting, signage and exterior painting/caulking.

Value-Add Opportunity - The Property is currently 67.6% occupied. With the Property’s great location and recent capital improvements, investors can realize the opportunity to add value by strategically leasing up the remaining vacant suites.

Strong Location and Visibility – The property is conveniently located adjacent to Advocate Health Care, the largest employer in Downers Grove.  The property has good visibility along south Main Street, with monument signage available to tenants.   Downers Grove is an affluent south-western suburb of Chicago that is mostly residential in nature.

THE OFFERING
RealINSIGHT Marketplace and Mission Capital Advisors are pleased to offer the opportunity to acquire Greenbriar Medical Office, a 37,780 sf medical office property that was constructed in 1972 on a 3.06 acre site. The property recently underwent a significant renovation which totaled over $400,000 in capital improvements to the roof, HVAC, and elevators amongst other upgrades.  The three story plus basement property is currently 67.6% occupied as of the April 2019 rent roll.  The Property is conveniently located on south Main Street in the affluent Chicago suburb of Downers Grove, which has a population of over 50,000 inhabitants.  Adjacent land uses are mostly residential, however, Advocate Health Care the largest employer in Downers Grove, is right next door.    

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Greenbriar Medical Office

6800 Main Street, Downers Grove, IL 60516

Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 3.06 Acres
  • Year Built
  • 1972
  • Year Renovated
  • 2017
  • Number of Floors
  • 3
  • Number of Buildings
  • 1
  • Parking Count
  • 199
  • Occupancy
  • 67.60%
  • Occupancy as of
  • Jun 01, 2019
  • Office Type
  • Medical Office
  • Property Size
  • 37,780 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Cooperating Broker Fee Available!

    Cooperating brokers may be eligible for a 1.00% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.

  • Auctioneer

    1. Scott Bowers

      c/o Fisher Auction Company Inc.

      License: 040000273