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$ 1,155,000
Est. payment | /mo
5,272 SqFt
$ 1,155,000
Est. payment | /mo
5,272 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 5,272 sqft
Price per Sqft $219
MLS Listing ID 12279328
Year Built 1964
Tax Year 2023
Lot Dimensions 25 X 125
Property Sub-Type Office/Tech
Property Description
Positioned in the heart of Chicago's historic Beverly neighborhood, 11238 S. Western Ave is a rare investment opportunity tailored for medical investors seeking stability, growth, and consistent income. As part of the exclusive Western Medical Portfolio, this 5,272-square-foot, two-story masonry building is now available for purchase With an (NOI) of 95,655.45 annually, this property delivers a robust cap rate of 8.28, making it an outstanding addition to any investment portfolio. This property is anchored by well-established tenants, including Life Source Pharmacy, Today's Dental Beverly, and Dr. Theodore James, MD, ensuring a steady and reliable income stream. The building's dividable layout is equipped with modern exam rooms, private offices, and welcoming reception areas, offering flexibility to accommodate the evolving needs of healthcare providers while maintaining high functionality for future tenants.Located on Western Avenue, one of Chicago's busiest commercial corridors, this property benefits from exceptional visibility and daily traffic, making it an ideal location for medical practices seeking to attract patients. The strategic location offers seamless access to major expressways such as I-57 and I-94, ensuring connectivity to downtown Chicago and the surrounding suburbs. The 111th Street Metra Station is just minutes away, providing additional public transit options for tenants and visitors. Chicago Midway International Airport is a short 19-minute drive, further enhancing accessibility for clients and professionals. The Beverly neighborhood, known for its affluent residential base, historic charm, and vibrant community, is a sought-after destination for healthcare providers. With a mix of residential, retail, and cultural amenities and a Walk Score of 73 ("very walkable"), the area supports a steady demand for medical services. Tenants and patients benefit from a supportive environment that fosters long-term growth and engagement. The healthcare industry's ongoing shift toward outpatient services and community-based care underscores the enduring value of properties like 11238 S. Western Ave. Medical office buildings are increasingly recognized as essential investments, offering consistent returns and resilience in changing markets. This property's modern design, ample parking, and tenant-focused amenities make it a standout choice for healthcare professionals and investors alike. As part of the Western Medical Portfolio, this property represents an unparalleled opportunity to secure a foothold in one of Chicago's most desirable neighborhoods for healthcare and professional services. Its strong financial performance, stable tenant base, and prime location make 11238 S. Western Ave an ideal investment for those seeking reliable income and long-term growth potential.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Moses Hall • MoHall Commerical & Urban Development
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12405 S Cherry Clossom Blvd, Plainfield, Illinois, 60585, United States