For Sale
$225,000

11000 Halsted StChicago, IL 60628

Prime Medical Office, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
117
This single-story, 2,500 square foot Class B medical office building in Chicago's Morgan Park neighborhood (60628) is offered at $225,000 ($90/sq ft). The property features a mix of tenancies, including a well-established dental practice (generating $1,480 monthly income on a month-to-month lease) with two fully equipped dental chairs and a private office, and a doctor's office with six private offices and a reception area. The building sits on a 5,015 sq ft lot and includes 10 parking spaces. Currently, occupancy is at 50%, with a projected full occupancy date of July 30, 2024. The property is zoned B3-1 and is offered as a fee simple ownership opportunity. The building has two units across one story, and the lease type is modified. There is one tenant with no credit rating. This owner/user investment presents a unique opportunity to acquire a well-located medical office building with strong income potential and significant upside. The property's established tenant base and convenient location within the Morgan Park community make it an attractive investment for both owner-users and investors seeking a stable, income-producing asset. The APN is 25-17-423-012-0000. The net rentable square footage is 2,500.

Property Details for 11000 Halsted St

Property type
Office properties, Medical offices
Square Feet
2,500 SF
Class
B
Stories
1
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.6940495
Longitude
-87.6427303
11000 Halsted St, Chicago, Illinois

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11000 Halsted St
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