Medical Office

Location: 1975 Melissa Lane, Aurora, IL, 60506
UPCOMING AUCTION  Tue, March 27 - Thu, March 29

On-Site Inspections: Thursday, 3/15 & Friday, 3/16 from 11am-1pm ***RSVP REQUIRED CONTACT DAVE AT 312.927.2757***

Previously Valued to $8 Million

Suggested Opening Bid: $3,750,000

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

2016 Taxes: $114,994.74

PIN #: 14-12-225-003

Zoning: ORI; Office, Research and Light Industrial

Approximately 61,347 sf building that is part medical center/therapeutic space and part health club space:

· Built in 2006
· 100% leased, 2 unit, approx. 61,347 sf building on 4.027 acres with 214 surface parking spaces
· Appraised for $8 million in 2009, when both tenants were fully performing
· Health club space is approx. 48,937 sf (79.77%)
· Health Club tenant is paying a reduced rent at this time by mutual agreement between Landlord and Tenant which is less than what is due per the terms of the lease
· Health club space features mostly open space for exercise areas, a pool, a basketball court and a minor amount of office space on the second floor
· Therapeutic space is approx. 12,410 sf (20.23%)
· Therapeutic space is leased through 9/30/2021; hospital tenant is paying on time and in full, per terms of the lease
· Therapeutic space features mostly office and conference room/classroom space and open rehabilitation areas

The health club portion of the building could also be used as a rehab center or sports facility. Adjacent land is also available for separate purchase.

Note that the asking price listed is for the building only. The adjacent land is approx. 3.05 acres and is available for $6 psf (or asking price of $797,148.00). If the adjacent land and/or health club business are of interest, prospects should contact Diana Peterson at 312.218.6102 or for further information.

The property is zoned ORI Office, Research and Light Industrial, you can find the permitted uses on the City's website in Table One: Use Categories:

HOW TO ACCESS THE OFFERING MEMORANDUM AND OTHER CONFIDENTIAL DOCUMENTS RELATING TO THIS SALE: To download the offering memorandum and gain access to the contents of the document vault, you must first register as a bidder at (see bidder registration in upper right hand corner of the home page) and create a password.

Once you have registered, when you click on this listing and the document vault, you may use your password to accept the terms of the NDA required to access the document vault. If you are having difficulty registering, please call or email Rose Lucania at 847.509.2757 or

View Purchase and Sale Agreement (PDF)

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