11250 S Western Avenue , Chicago, IL 60643
Chicago, IL 60643
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.
Details
| MLS# | 12215289 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 80 |
| Listing Provided By | MoHall Commerical & Urban Development | Moses Hall |
Features
| SQ Feet | 7,631 |
|---|---|
| Story(s) | 2 |
| Zoning | COMMR |
Market Activity 60643
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60643 |
| Area | CHI Morgan Park |
| Listing VS Median (in 60643) | |
Price: $2,100,000 low | high Med: $237,500 SqFt: 7,631 low | high Med: 1,035 $ / SqFt: $275 low | high Med: $234 On Site: 80 low | high Med: 387.000000 | |