Updated Aug 21, 2025
Local Private Investor Acquires Medical Office In Libertyville For $2.5M Represented By Marcus & Millichap
1234 North Milwaukee Avenue
$2,500,000
$396/SF
Building Size
6,300 SF
Asset Type
Medical Office
Closing
Aug 18, 2025
About this deal
AI
A medical office located at 1234 North Milwaukee Avenue in Libertyville was sold for $2,500,000. The property spans 6,300 square feet and has a price per square foot of $397. It is net leased to Forefront Dermatology.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $2,500,000
- Square Footage: 6,300 SF
- Price Per Square Foot: $397
- Address: 1234 North Milwaukee Avenue
- Market: Libertyville
Daniel Chumbley, Sean Sharko, and Austin Weisenbeck from Marcus & Millichap represented the buyer in this transaction, facilitating the purchase for a local private investor.
Players
Chicago Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93