$ 2,100,000
11250 S Western AVE Chicago, IL 60643
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$ 2,100,000
Est. payment /mo
New
11250 S Western AVE Chicago, IL 60643
7,631 SqFt
UPDATED:
11/22/2024 07:46 PM
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 7,631 sqft
Price per Sqft $275
MLS Listing ID 12215289
Year Built 1964
Tax Year 2023
Lot Dimensions 25 X 125
Property Description
MoHall Commercial is thrilled to present 11250 S. Western Ave, a prime healthcare investment opportunity in Chicago's historic Beverly neighborhood. This fully occupied 7,631-square-foot multi-tenant medical facility, built in 1964, combines strong financial performance, unparalleled location, and long-term growth potential-making it an attractive asset for institutional investors seeking high-quality healthcare properties. Anchored by Primary Healthcare Associates, a leading and established provider in the medical industry, this property ensures stable, creditworthy tenants with long-term leases and built-in annual rent escalations. The property delivers an impressive NOI of 158,182.78 and offers a competitive 7.5 CAP rate, providing steady cash flow in one of the most resilient and in-demand real estate sectors: healthcare. Positioned on Western Avenue, a bustling commercial corridor with exceptional traffic counts, the property enjoys outstanding visibility and accessibility. The B1-1 zoning offers not only immediate revenue from its healthcare tenants but also the flexibility for future mixed-use redevelopment, including residential or retail opportunities. For savvy investors, this means built-in upside potential as the neighborhood continues to evolve and attract new development. The Beverly neighborhood is a thriving, affluent community with a robust residential base and a growing commercial presence. Located near transformative projects such as the Obama Presidential Library and benefitting from easy access to I-57, I-94, and the 111th Street Metra Station, this property is ideally situated to capitalize on the area's upward trajectory. Public transit options, walkability, and proximity to a highly engaged community further amplify its desirability. Healthcare real estate is a cornerstone of institutional investment portfolios, offering recession-resistant stability and long-term growth opportunities. 11250 S. Western Ave is strategically aligned with these objectives, delivering a turnkey income-producing asset with the added advantage of location in one of Chicago's most historic and vibrant neighborhoods. Don't miss the chance to own a high-performing property at the intersection of healthcare demand and community-driven growth. 11250 S. Western Ave isn't just a property; it's an opportunity to invest in a high-performing, income-generating asset in a well-established neighborhood. With healthcare being one of the fastest-growing investment sectors, this property offers the rare combination of current financial performance and future potential, making it a standout addition to any portfolio.
Location
State IL
County Cook
Area Chi - Morgan Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Office/Tech
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Moses Hall • MoHall Commerical & Urban Development
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