Office Space For Lease @ 2605 Woodlawn Rd

2605 Woodlawn Rd, Sterling, IL 61081

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Brian H.

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The Woodlawn Professional Center is made up of two office buildings (18,227 sf & 12,013 sf) with long term, stable tenancy. Approximately 82% of GLA leased to Illinois Department of Human Services (IDHS) and Illinois Department of Children and Family Services (IDCFS) on three separate leases with staggered expiration dates.

IDCFS recently executed a 5 year lease renewal for 11,302 SF with a substantial (60%) increase in base rent demonstrating the State of Illinois' ongoing commitment to continued operation at the property.

Full brick construction with engineered truss roof (gable design with architectural shingles) offering very low maintenance. Generous parking with 4/1000 sf.

2019-2020 capital improvements include a full resurface of the parking lot, an improved stormwater management system, repairs to sidewalks, and a new monument sign on Woodlawn Road.

Immediate upside through the leasing of Two small suites totaling 1,376 SF (4.6% of GLA). Significant future upside through increase in rent on legacy leases with IDHS. Final options expire in 2026 and 2027. This space offers accomodations for: office building.

Pricing: Per Person Pricing

Availability: Now

Listing ID: 1476217


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Type: Office Space

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