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Adam Baxa
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Adam Baxa
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thebaxagroup.com
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Winfield IL Real Estate & Commercial for Sale

2 Properties Found

The median home value in Winfield, IL is $305,000. This is higher than the county median home value of $295,000. The national median home value is $277,796. The average price of homes sold in Winfield, IL is $305,000. Approximately 89% of Winfield homes are owned, compared to 8% rented, while 3% are vacant. Winfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Winfield real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
11369919
Type:
Mixed Use
Year built:
2006
A broker reciprocity listing Courtesy: Sperry Van Ness
View additional info

Winfield Town Center is a 25,146 square foot two-story, mixed-use property. The ground floor retail is fully leased with four tenants and the second floor is a vacant office space. The property is newer, built in 2006 and located in Winfield, IL in DuPage County with low real estate taxes. The property is fully improved, in excellent condition and very well located directly on Winfield Road at the signalized corner of Winfield Road and High Lake Road. There are two points of access for the property, Winfield Road (11,000 VPD) and High Lake Road (8,000 VPD). There is substantial parking in the rear and side of the property. There is also street parking in front of the center on Winfield Road. The Metra Train Station is adjacent to the subject property and Northwestern Medicine Central DuPage Hospital is located directly across the street. This area is fed by surrounding towns including Wheaton, Warrenville, West Chicago and Glen Ellyn. The DuPage County Court House and government buildings located on County Farm Road in Wheaton are approximately 5 minutes from the center. Three of the retail tenants have been long term tenants and a new 5-year tenant just occupied the last available retail space. The total retail square footage is 11,141 square feet. The office vacancy is 12,787 square feet, which was previously occupied by Northwestern Medicine Central DuPage Hospital for administrative offices and training. The office suite has a high end, full office buildout and could easily be leased as two suites. The second-floor office is accessed from an elevator in a separated common area designated only for the office spaces. The property has no known deferred maintenance. There is one large HVAC unit servicing the entire building, which is maintained by the owner. The electric for the property is under one meter, and the tenants pay their prorata share of the electricity directly to the owner as part of CAM. All other utilities are separately metered and paid directly by the tenants. The roof is original to the building and in good condition. The property asking price is $2,974,500 ($118 per square foot) based on similar properties sold as owner/user opportunities. The ideal buyer will occupy all or a portion of the office space for their business and collect the rental income from the retail tenants. The gross income is currently $325,032 including the tenant payments of common area maintenance and real estate taxes. 2021 Real Estate Taxes were $4.41 per square foot and 2022 common area maintenance is estimated at $7.15 per square foot. This is an excellent opportunity to purchase an investment, mixed-use retail/office property. It is a great option for an owner/user, providing high-end office space to locate their business and provide for positive cash-flow income from the tenants, or alternatively as an investment property, with significant upside for a buyer with additional leasing.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
11327436
Type:
Other
Year built:
1988
A broker reciprocity listing Courtesy: Daniel & Associates Real Estate
View additional info

Former DENTAL OFFICE - 1150 +/- Sq Ft - Completely Built out and ready for occupancy! Dental Clients are still coming to the door! Great 1st floor corner office in medical/professional building. At the Northeast intersection of Geneva Road and County Farm Road. Minutes from Central Dupage Hospital. Presently configured with large reception area, 6 private offices and a private bathroom. PERFECT for any start up or existing DENTAL Business or Medical facility - Law firm - Sales Offices or Counseling Facility too! Unit offers EXTRA PRIVATE STORAGE AREA IN BASEMENT. Loads of parking and close to restaurants / shopping / major Roads & Expressways. OUT OF STATE SELLER / INVESTOR - wants it SOLD! You owe it to yourself to come and check this out! Seller may consider offering financing /mortgage to qualified Buyer/s with appropriate downpayment.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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