Active

11250 S Western Avenue

Chicago IL, 60643

$2,100,000


$275.19 per sqft

Active

7,631 sqft

Commercial

Built in 1964

Courtesy of MoHall Commerical & Urban Development

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.

12215289

MLS ID

November 22, 2024

Listed

November 27, 2024

Updated

Map

11250 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

0.18 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 11/27/2024. 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 6:37 AM UTC, 11/27/2024

 

 

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