Views: 2 DOM: 220 Updated: 11.28.23 Posted: 05.04.23 Status: Active


Price $910,629
Built/Renov 1992
Tenant State of Illinois - Department of Healthcare & Family Services
Cap Rate 8.75%
Lease Type Modified Gross
Guarantor Corp Rated
Size/SF 11,020
Lease Start 11-01-2017
#Units 103
Price/SF $82.63
Expiration 10-31-2027
Tenant Type Government
NOI $79,680
R. Term 3.10
Ownership Fee Simple
Rent/SF $7.23
Increases 0.0%/0/yrs
Pop 5Mi 121,186
Lot/AC 0.66
Options 0/0yrs
AHHI 5Mi $70,904

Lease Highlights

  • HFS has occupied property since 2009.
  • Tenant has 3.5 years remaining in the current term and no remaining options
  • Lease does not feature additional rent increases.
  • Modified Gross lease | Landlord responsible for general maintenance
  • HVAC units replaced within the last 3-5 years
  • Roof replaced within the last 5-7 years

Location Description

The 6 State of Illinois buildings & The Illinois Coalition Against Domestic Violence building are available as a portfolio or individually. They are strategically positioned three blocks south of the Illinois State Capitol Building. The portfolio is surrounded by a number of state-tenanted buildings such as CyberDrive Illinois, the Illinois State Museum, the Archives, the Library, the Attorney...



  • 1 Mile
  • 3 Miles
  • 5 Miles


About Tenant

The Illinois Department of Healthcare and Family Services (HFS), formerly the Department of Public Aid, is the code department of the Illinois state government that is responsible for providing...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,631 79,685 119,095
2023 Total Population : 12,881 80,732 120,054
2023 Employed Civilian Pop : 6,164 36,766 56,091
2023 Total Businesses : 1,554 4,232 6,101
2023 Average Household Income : $ 67,643 $ 69,788 $ 81,035
2023 Total Consumer Spending : $ 379 M $ 2294 M $ 3848 M
2023 Median Age : 36 39 41
2023 Total Households : 6,390 37,519 54,621
2023 Pop Age 25+: Bachelor's Degree : 1,865 9,812 17,010
2023 Average Home Value : $ 159,508 $ 162,756 $ 185,104
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
E Lawrence Ave S 2nd St 2017 5,400 0.06 mi
W Canedy St Spring St 2017 600 0.08 mi
W Lawrence Ave S College St 2017 5,100 0.09 mi
W Cook St Spring St 2017 6,400 0.09 mi
S 2nd St E Canedy St 2017 5,100 0.10 mi
Spring St W Cook St 2017 1,900 0.11 mi
S College St W Cook St 2017 1,050 0.14 mi
Spring St W Canedy St 2017 2,550 0.14 mi
S 2nd St E Blackmore Ave 2017 5,450 0.16 mi
S College St W Canedy St 2017 550 0.17 mi

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