The subject property was a substantially-leased medical and professional center located at 1011 State Street in Lemont, IL. The center offered 19,320 SF, with an efficient mix of units and was set back and ideally situated on the 1.89-acre campus style site. There are 85 parking spaces. At 12 years old, the property was easily maintained and offered a turn-key investment.
At Diliberto Real Estate, we were able to successfully auction the office building within 6-weeks. The auction attracted a range of users, from investors, to business owners and financial institutions. After being hired to manage the property, DRES was able to increase the value of the building by 35%, by improving lease rates and reducing vacancy.