Active

11238 S Western Avenue

Chicago IL, 60643

$1,275,000


$241.84 per sqft

Active

5,272 sqft

Commercial

Built in 1964

Courtesy of MoHall Commerical & Urban Development

Positioned in the heart of Chicago's historic Beverly neighborhood, 11238 S Western Ave is a premier investment opportunity for savvy medical investors seeking stability, growth, and community impact. As part of the exclusive Western Medical Office Portfolio, this meticulously maintained 5,272-square-foot, two-story masonry building delivers both financial performance and strategic location. Anchored by well-established tenants-Life Source Pharmacy, Today's Dental Beverly, and Dr. Theodore James, MD-this property generates a robust (NOI) of 95,655.45 annually with an impressive 7.5 CAP rate. Its dividable layout, equipped with modern exam rooms, offices, and reception areas, offers flexibility for current and future healthcare providers, ensuring a consistent tenant base. Located on bustling Western Avenue, a primary commercial corridor, this property benefits from exceptional visibility and accessibility. The Beverly neighborhood is renowned for its strong residential base, rich cultural history, and growing commercial developments, creating a vibrant community for both tenants and visitors. Nearby access to major expressways, including I-57 and I-94, ensures seamless connectivity to downtown Chicago and surrounding suburbs. The 111th Street Metra Station, just minutes away, adds to the convenience, while Chicago Midway International Airport is only a 19-minute drive. The healthcare sector remains one of the most stable and rapidly growing industries, with increasing demand for outpatient services and community-based care. Medical office properties in Chicago, particularly in neighborhoods like Beverly, are highly sought after due to their consistent tenant base and essential role in the community. As part of the Western Medical Office Portfolio, this property represents a unique opportunity to invest in a proven market with a history of resilience and high returns. For investors, 11238 S Western Ave is more than a stable, income-producing asset-it's a key player in a thriving medical hub with long-term growth potential. The healthcare industry's shift towards outpatient services makes strategically located properties like this an indispensable part of any investment portfolio. With a Walk Score of 73, this "very walkable" property is surrounded by a mix of residential, retail, and cultural amenities, ensuring a steady flow of demand from tenants and the community. Invest in Beverly, invest in growth, and invest in a future-proof medical office market. As part of the Western Medical Office Portfolio, this property offers a unique opportunity to secure a foothold in one of Chicago's most dynamic sectors.

12212315

MLS ID

November 19, 2024

Listed

November 25, 2024

Updated

Map

11238 S Western Avenue
Chicago IL, 60643

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.22 Acres

Other Property Details

Area Name

CHI - Morgan Park


Days on Market

6


Garage

No


View

No


County

Cook


Pool

No


Zoning

COMMR

Courtesy of MoHall Commerical & Urban Development, Moses Hall,
Listing Contact: 312-826-9925 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Harkins & Associates are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 6:40 AM UTC, 11/25/2024

 

 

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