10540 Western AveChicago, IL 60643

Property Details for 10540 Western Ave

Year built

1966

Lot size

0.34 AC

Property size (Sq ft)

19,600 SF

Property type

Office buildings

APN

24-13-224-044

APU

2413224044

Description

The Beverly Professional Building, located at 10540 S Western Ave, Chicago, IL 60643, offers exceptional office space in a prime South Side location. This five-story, Class A building, totaling 17,500 square feet, underwent renovations in 2012, ensuring modern amenities and a comfortable work environment. Originally constructed in 1966, the building boasts four suites available for lease, with a minimum divisible space of 125 square feet and a maximum contiguous space of 250 square feet, catering to businesses of various sizes. The building's multiple tenancy structure provides a diverse and collaborative atmosphere. Its convenient location makes it easily accessible for both employees and clients. The inclusive rental rates make this a cost-effective option for businesses seeking high-quality office space in a thriving area of Chicago. The building's modern features and strategic location combine to create an ideal environment for professional success. Interested parties are encouraged to inquire about available suite sizes and lease terms. This is a rare opportunity to secure office space in a well-maintained, conveniently located, and highly desirable Class A building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,298,882

  6.5%

  $5,814,352

  7%

  $5,399,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,552,900

  Geo Method

  $2,552,900

• Alternative Use

  Use

  Valuation

  Residential

  $7,209,796

  Hospitality

  $6,604,135

  Educational

  $5,494,562

  Medical

  $5,683,529

  Retail

  $8,547,098

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.7016

Longitude

-87.6819

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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