Northshore Center for Gastroenterology — Sale in Libertyville, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Libertyville, IL 60048
  • Year built: 2003

Photos

Northshore Center for Gastroenterology — Sale in Libertyville, IL, photo 1 of 2
Northshore Center for Gastroenterology — Sale in Libertyville, IL, photo 2 of 2

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present this condominium unit located at 1880 W. Winchester Road, Unit 201, Libertyville, Illinois. This condo unit was constructed in 2003 and consists of 4,100 square feet. This unit is 100 percent occupied by Northshore Center for Gastroenterology, SC Division of GI Partners operating under an absolute-net lease structure with 2.5 percent annual rental increases and one five-year renewal option. The lease is backed by a corporate guarantee. Tenant exercised and early extension leaving nine years of lease term remaining. Northshore Center for Gastroenterology, SC a division of GI Partners is a specialized medical practice focused on digestive health and gastroenterology services. As part of GI Partners, the tenant benefits from the resources and reputation of a larger healthcare network, which enhances operational stability and patient trust. The practice provides essential, non discretionary medical care, making it a recession resistant tenant with consistent demand. Its affiliation with GI Partners also brings a corporate guarantee, strengthening the credit profile and reducing investment risk. Located on Winchester Road, a well connected corridor that benefits from both strong highway access and proximity to community amenities. Just east of the property lies Interstate 94 (Tri State Tollway), which provides direct routes south into Chicago and north toward Milwaukee, making the location highly accessible for patients, professionals, and commuters. Local routes such as U.S. 45 and Illinois Route 83 further enhance connectivity, linking the property to surrounding residential neighborhoods and commercial districts. The area is anchored by Advocate Condell Medical Center, reinforcing Libertyville’s reputation as a healthcare hub. Hospitality options such as Hampton Inn & Suites and DoubleTree by Hilton in nearby Mundelein provide lodging for visiting professionals, while recreational destinations like Old School Forest Preserve an

Market Context

This office in Libertyville, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2003. Compare it against other office listings for sale in Libertyville, IL — view the full market.

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