2210 W 95th St - Freestanding FOR SALE


Chicago, IL 60643
$8,060,000 USD
510-289-1166
2210 W 95th St, Chicago, IL for Sale
$8,060,000 USD
Freestanding - FOR SALE
1/1
null | 5.63% Cap Rate

2210 W 95th St
Chicago, IL 60643


HIGHLIGHTS

  • $2.6M Tenant-Funded Renovation and 2nd-Floor Office Buildout Expected to Begin January 2025
  • Recently Extended 10-Year NNN Lease to Advocate Health with Rare 3% Annual Rental Escalations
  • Tenant Signed 10-Year Lease Extension Prior to Lease Expiration, Demonstrating Long-Term Commitment to Site
  • Investment Grade Tenant Rated ‘AA’ by Fitch & ‘Aa3’ by Moody’s
  • Advocate Health is Third-Largest Integrated Health System in the U.S. and Largest Health System in Illinois - $28B Annual Revenue
  • 3 Miles from I-94 Arterial – 257,400 AADT

OVERVIEW

The tenant has completed a new physical rehabilitation suite on the first floor and will begin an additional $2.6 million renovation of this location including behavioral health offices on the second floor. Given consistent high demand for behavioral health services in excess of availability, the addition of these services at the site will drive revenue for the Tenant – Illinois’ largest health system – and ensure long-term occupancy at the site. The subject property is prominently located with excellent access and visibility along west 95th street (24,000 ADT) in close proximity to its junction with South Western Avenue (31,400 AADT) less than 3 miles from the I-94 arterial (257,400 AADT). The site benefits from robust infill demographics with a total population of 596,757 within a 5 mile radius and average household income of $128,429 within 1 mile of the site. The property benefits from a strategic infill location in close proximity to shopping centers, major retail tenants, schools, and medical centers. Nearby shopping centers include Evergreen Plaza, featuring Whole Foods Market, Five Below, Market by Macy’s, Burlington, & Planet Fitness; Evergreen Marketplace, anchored by Meijer, Menard’s, Sam’s Club, and Walmart Supercenter; Green Oak Shopping Center, anchored by Staples and Marshalls; and more. In addition, the property is located less than 1 Mile from OSF Healthcare Little Company of Mary Medical Center, a 274-bed hospital that serves 11,600 inpatients, 253,000 outpatients, and nearly 50,000 emergency room visits annually. The site is less than 3 miles from Advocate Christ Medical Center, a 788-bed teaching hospital and Level I Trauma Center, and Advocate Children’s Hospital - Oak Lawn. The property is approximately 3 miles from Saint Xavier University, with approximately 3,500 students; 4 miles from Chicago State University, with a student body of 2,317; and 5 miles from Richard J. Daley College, with 2,203 students enrolled. The site is approximately 9 miles from Chicago Midway International Airport, Chicago’s second-busiest airport serving more than 20 million passengers per year. This property is listed in association with Illinois-licensed real estate broker ParaSell, Inc. | Costa Mesa, CA | A Licensed Illinois Broker #478027307

FOR SALE DETAILS

PRICE

$8,060,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advocate Medical Group

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

commercial

APN/PARCEL ID

25-06-320-041-0000

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.