Athenia Park Medical Center in Olympia Fields, IL
2601-2605 W. Lincoln Highway, Olympia Fields, IL 60461
Olympia Fields, IL 60461
Previously Valued At: $900,000
New Suggested Opening Bid: $350,000 (Reduced from $400,000)
Buyer's Premium: 6%
Cooperating Broker's Commission: 2%
Lot Size: Approx. 3.61 Acres
Building Size: Approx. 35,330 SF
Total 2017 Taxes (4 PINS): $123,568.61
2017 Taxes: $28,493.84
PIN #: 31-24-208-022-0000
2017 Taxes: $15,101.76
PIN #: 31-24-208-023-0000
2017 Taxes: $64,659.02
PIN #: 31-24-208-033-0000
2017 Taxes: $15,313.99
PIN #: 31-24-208-034-0000
Zoning: Special Use
AuctionWorks is pleased to present Athenia Park, a Multi-tenant Medical / Office Building located at 2601-2605 W Lincoln Highway. This +/- 35,330 SF Office property is on 3.61 acres in the Village of Olympia Fields, Cook County, Illinois. This property is highly visible on a signalized corner with monumental signage. Approximately 420 feet of frontage along the high traffic corridor of Lincoln Highway and less than 2 miles from the Interstate 57 interchange. This multi-tenant value-add investment opportunity has rentable and storage space shared between the two buildings.
The Athenia Park Medical Center 2601 Building has approximately 11,992 SF above grade and 8,961 SF below grade office suites while the 2605 Building has 14,374 SF rentable space zoned for many executive uses. Plenty of room for expansion, one drive in delivery door, and over 195 surface parking spaces.
This medical office property is next to Fresenius Kidney Care South Suburban and less than 3 miles from Franciscan St. James Hospital and the newly announced Market Square Crossing a redevelopment project adding 600 housing units, recreational facilities, entertainment, sports and concert venues.
This property is located in the Village of Olympia Fields, Cook County, a south suburb 30 miles from the Chicago loop and 10 miles from Indiana. Olympia Fields offers direct access to two stations of the Metra Electric Commuter Railroad and easy access to Interstate 57, 80, and 294. The village is most popular for its growth around the exclusive and prestigious Olympia Fields Country Club established in 1915 and popular with Chicago's elite. Located on an east-west arterial, Lincoln Highway is known as U.S. Route 30 which runs from Iowa to the Indiana state line.
- Two professional office buildings connected with atrium views
- Medical / dental / executive uses
- Signalized corner location
- Walking distance to Metra station
- Great visibility and exposure
- Ample parking
- On-site storage
- Below market rental rates (value add opportunity for new owner)