Medical Office


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Location: 3245 Grove Avenue, Berwyn, IL, 60402
UPCOMING AUCTION  Mon, August 13 - Wed, August 15

New Suggested Opening Bid: $399,000 (Reduced from $550,000)

Buyer's Premium: 6%

Cooperating Broker's Commission: 2%

2016 Taxes: $29,016.00

PIN #: 16-31-127-010-0000

Lot Size: Approx. 9,197 SF

Building Size: Approx. 18,394 SF

Zoning: C-3; Depot Mixed-Use District

This approximately 18,394 sf building has a net rentable area of approximately 13,687 sf and a partial basement with approximately 1,200 sf. There are fifteen suites (seven on the first floor and eight on the second floor).  Each suite has a half bathroom (with the exception of suite 107, which has two half bathrooms); the building has a total of 16 half bathrooms. There is no on-site parking; however there is ample street parking and a public parking lot across the street. The building features fifteen total furnaces with fifteen central airs (one for each suite), 200 AMP service, an elevator, and a security system.

The Village has given a preliminary approval for multi-family homes.

Located one block from McNeal Hospital, and the train.

View Property Flyer (PDF)

View Survey (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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Location: 1975 Melissa Lane, Aurora, IL, 60506
THIS AUCTION IS CLOSED

Medical Office/Health Club

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 diana.peterson@svn.com 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: https://www.aurora-il.org/DocumentCenter/Home/View/949

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 www.svnauctionworks.com (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 rose.lucania@svn.com.

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

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