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353 Burlington St 8,000 SF 100% Leased Office Building Riverside, IL 60546 $2,645,883 CAD ($330.74 CAD/SF) 9.52% Cap Rate
Investment Highlights
- Anchored by Agility Ortho MSO with a long-term single net lease through December 2030, providing reliable cash flow and credit-quality tenancy.
- Approximately 33 dedicated parking spaces, a critical amenity for medical office tenants and patient convenience.
- Located just steps from the Riverside Metra station (BNSF line) and within five minutes of I-290 for quick access to downtown.
- Situated in the historic Riverside commercial district with walkable access to dining, retail, and community amenities.
Executive Summary
353 East Burlington Street in Riverside, Illinois presents a stabilized medical office investment opportunity in a well-established suburban market just minutes from Chicago. The property spans two floors and totals 14,863 square feet, designed for medical and professional tenants. Currently 88.6% leased, the building is anchored by Agility Ortho MSO under a long-term single net lease through December 2030, providing income reliability and credit-quality tenancy. Two additional tenants—Orion ABA Inc. and Roche Dietitians LLC—operate under gross leases, while one second-floor suite is vacant, offering immediate upside for value creation.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,000 SF
Building Class
C
Year Built
1990
Price
$2,645,883 CAD
Price Per SF
$330.74 CAD
Cap Rate
9.52%
NOI
$251,999 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Building FAR
1.15
Lot Size
0.16 AC
Zoning
B1, Riverside - Business District
Parking
15 Spaces (1.88 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Oar Physical Therapy
- Health Care and Social Assistance
- -
- -
- -
- Orion ABA
- -
- -
- -
- -
- Orthopaedic Associates of Riverside
- Health Care and Social Assistance
- -
- -
- -
- Roche Dietitians
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Oar Physical Therapy | Health Care and Social Assistance | - | - | - | ||
| Orion ABA | - | - | - | - | ||
| Orthopaedic Associates of Riverside | Health Care and Social Assistance | - | - | - | ||
| Roche Dietitians | Health Care and Social Assistance | - | - | - |
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Moderately walkable
60/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $343,326 CAD | |
| Land Assessment | $84,274 CAD | Total Assessment | $427,600 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$84,274 CAD
Improvements Assessment
$343,326 CAD
Total Assessment
$427,600 CAD
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353 Burlington St
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