For Sale
$1,795,000

7310 North AveElmwood Park, IL 60707

High-traffic medical office building, excellent NOI.

Overview

Added:
Dec 11, 2024
Days on market:
124
This four-story, 17,300 square foot medical office building is located at 7310 W North Ave, Elmwood Park, IL 60707. The property features 21 parking spaces (14 surface, 7 garage) and sits on a 0.23-acre lot with 79 feet of frontage on North Avenue, a high-traffic road with 30,500 vehicles per day. Currently 49.97% occupied, the building offers a modified lease with a multi-tenancy structure and four years remaining on the lease term. Built in 1967, the building includes multiple modern, fully built-out dental offices and a ground-level restaurant. Three floors are available for various professional medical or office uses. The asking price is $1,795,000 ($123/sq ft), with a current NOI of $24,322. Recent improvements include all exterior windows being replaced and a new roof membrane installed in 2024. This presents an excellent opportunity for owner-occupied medical practices or value-add investors seeking a prime location in a dense urban market with high visibility and ample parking. The property's location near the intersection of Harlem Ave and North Ave provides excellent signage opportunities and easy access.

Highlights

  • Excellent investment opportunity for medical and related professional office space.
  • 11,950 square-foot, four-story building on a 0.23-acre lot.
  • High visibility: 79 feet of frontage on North Avenue with 30,500 vehicles per day.
  • Ample parking: 14 surface spaces and 7 garage spaces.
  • Recently updated: New exterior windows and roof membrane (2024).

Property Details for 7310 North Ave

Property type
Retail properties, Office properties
Square Feet
17,300 SF
Year Built
1967
Stories
4
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Elmwood Park
County
Cook
State
Illinois
Latitude
41.9090189
Longitude
-87.808958
7310 North Ave, Elmwood Park, Illinois

FAQs

What type of property is this?
Retail property - High-traffic medical office building, excellent NOI.
Where is the retail property located?
The property is located at 7310 North Ave Elmwood Park, IL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Excellent investment opportunity for medical and related professional office space.; 11,950 square-foot, four-story building on a 0.23-acre lot.; High visibility: 79 feet of frontage on North Avenue with 30,500 vehicles per day.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7310 North Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message