Morton Grove, IL

Stabilized Single-Tenant Medical Office Building

6131 W. Dempster Street | Morton Grove, IL

  • Property Type

    Single-Tenant Medical Office Building

  • Size

    7,551 Square Feet

  • Key Tenants

    Advocate Healthcare

  • Date Acquired

    April 2023


THE ASSET

  • 7,551 SF stabilized single-tenant medical office building occupied by Advocate Healthcare, which is part of the Advocate Aurora Health system, one of the top 12 not-for-profit health systems in the country, and an integrated medical group of more than 5,000 physicians and advanced practice clinicians across Illinois and Wisconsin.

THE OPPORTUNITY

  • Acquire a single-tenant medical property with strong historical occupancy. The tenant provides primary and specialty care services to a dense infill population of predominantly private-pay patients.
  • Create value through lease extensions and sophisticated property/asset management.

THE RESULT

  • Currently executing our business plan for the asset, including maintaining & improving the asset with several capital projects including installing new HVAC equipment and resurfacing the parking lots.