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1234 North Milwaukee Avenue

Local Private Investor Acquires Medical Office In Libertyville For $2.5M Represented By Marcus & Millichap
SOLDMedical Office

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

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

Austin Weisenbeck

Marcus & Millichap

Broker

$316.5M

vol

53 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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