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$ 2,025,000
Est. payment /mo
New
11250 S Western AVE Chicago, IL 60643
7,631 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 7,631 sqft
Price per Sqft $265
MLS Listing ID 12377753
Year Built 1964
Tax Year 2023
Lot Dimensions 25 X 125
Property Sub-Type Office/Tech
Property Description
MoHall Commercial proudly presents 11250 S. Western Ave, a fully leased, institutional-grade medical office building located in Chicago's coveted Beverly neighborhood. Offered at 2,025,000 and delivering a 7.83 cap rate and an NOI of 158,182.78, this 7,631-square-foot, multi-tenant healthcare facility represents a rare opportunity to acquire a high-performing asset in one of Chicago's most stable and sought-after communities. Built in 1964 and impeccably maintained, this two-story masonry building is anchored by Primary Healthcare Associates, a respected and long-established healthcare provider with a strong regional footprint. The asset features long-term leases with built-in annual rent escalations, ensuring reliable income and organic NOI growth for years to come. As part of a broader portfolio opportunity or as a standalone acquisition, 11250 S. Western Ave is ideally suited for healthcare REITs, family offices, and institutional investors targeting yield, tenant stability, and medical sector alignment. Located on **Western Avenue-one of the busiest commercial and medical corridors in Chicago-**the property offers unmatched visibility, strong traffic counts, and high accessibility. The B1-1 zoning provides not only income from current medical tenants but also flexible redevelopment potential, including mixed-use residential or retail components should a repositioning strategy be pursued in the future. This built-in optionality adds tremendous long-term value. Just minutes from I-57, I-94, and the 111th Street Metra Station, the location provides seamless connectivity to both suburban and urban patient bases. The Beverly neighborhood itself is a premier residential enclave known for its affluent households, community stability, and ongoing revitalization. Nearby catalytic projects-including the transformative **Obama Presidential Library and the 95th Street Red Line expansion-**further bolster the area's investment outlook and future appreciation. This turnkey, cash-flowing medical asset delivers all the characteristics that define top-tier healthcare real estate: credit-grade tenancy, durable cash flow, location in a dense and demographically strong trade area, and adaptability for future use. Its walkable setting, proximity to schools and retail, and established presence within the community make it a natural fit for healthcare delivery today and in the future. Healthcare remains one of the most recession-resistant real estate sectors, and 11250 S. Western Ave is perfectly positioned at the intersection of income security and market growth. For REITs and institutional investors seeking to expand their healthcare footprint in core urban markets, this asset is a compelling, long-term hold offering both performance and potential.
Location
State IL
County Cook
Area Chi - Morgan Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Office/Tech
Level or Stories 2
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Listed by Moses Hall • MoHall Commercial & Urban Development