7000 W North Ave - Medical FOR SALE


Chicago, IL 60707
$1,350,000 USD
312-756-7352
7000 W North Ave, Chicago, IL for Sale
$1,350,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

7000 W North Ave
Chicago, IL 60707


HIGHLIGHTS

  • 14,005 SF office building with 19 fully leased units | 100% occupancy, delivering immediate returns
  • Renovated in 2023 with new HVAC units and roof | Solar Roof Panels to be contracted by ownership
  • Versatile parking options: covered, surface, and street
  • Additional lot included for potential expansion or parking
  • Upside opportunity in building to increase value
  • Proximity to former Sears site redevelopment

OVERVIEW

Introducing an exceptional investment opportunity in the heart of Chicago, this impressive 14,005 SF office building offers 19 fully leased units, plus 6 6-car masonry garage delivering immediate returns to discerning investors. Renovated in 2023, the property showcases owner-funded enhancements including new HVAC units, a modernized roof, and updated signage, ensuring optimal tenant comfort and satisfaction. Boasting versatile parking options with covered, surface, and street parking, as well as an additional lot for potential expansion, this property provides flexibility and future growth potential. Strategically situated just half a block from the intersection of North and Harlem Ave, and near major healthcare centers, including Rush Outpatient Facility, Rush Oak Park and West Suburban hospitals, this property represents a compelling opportunity for a lucrative investment in the thriving Chicago market.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Office Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Commercial

APN/PARCEL ID

13-31-323-034-0000,13-31-323-048-0000

ASK ABOUT THIS PROPERTY

Albert LindemanSVN | Chicago CommercialMore Info
312-756-7352

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Albert LindemanSVN | Chicago CommercialMore Info
312-756-7352

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