Greenwood Place - Commercial Real Estate Services | Friedman Real Estate | Commercial Real Estate Services | Friedman Real Estate

Commercial Real Estate Services

www.friedmanrealestate.com 248.324.2000

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    For Sale

    Greenwood Place

    1111 E 87th St and 8741, 8751, 8753 S Greenwood Ave
    Chicago , Illinois 60619
    For Sale

    Greenwood Place

    1111 E 87th St and 8741, 8751, 8753 S Greenwood Ave
    Chicago , Illinois 60619

    - Property Information

    eCODE 311
    County: Cook
    Property Type: Medical, Office
    Total Building SF: ± 115,516 SF
    Available Building SF: ± 32,359 SF
    Occupancy Rate: 69%
    Sale Price: TBD

    - Property Details

    Occupancy Type: Multi Tenant
    # Acres: 7.72
    Zoning: C1-1 And M1-2
    Parcel ID: 25-02-102-048-0000, -049-0000, -051-0000, -052-0000
    Parking Type: Surface
    # Spaces: 340

    - Additional Information

    • For sale, bank-owned office complex with a mixture of medical, social service, professional and dental tenants
    • Strong in place NOI with multiple long-term credit tenants
    • Current occupancy of ±70% offers a value-add opportunity with lease up of vacant space
    • Broad market window along East 87th Street and Greenwood Ave with high traffic volumes of approximately 60,000 vehicles per day
    • Major credit tenants include Fresenius, Advocate Health, Illinois Action for Children, and University of Illinois
    • Built in 1971, renovated in 2001
    • The property is currently being marketed with no set asking price

     

    - For more information, contact:

    David Cohen

    Victor L. Lewis

    248.324.2000 Request a call