7101 S Exchange Ave - Health Care FOR SALE


Chicago, IL 60649
$1,961,209 USD
773-963-2637
7101 S Exchange Ave, Chicago, IL for Sale
$1,961,209 USD
Health Care - FOR SALE
1/2
null | 7.75% Cap Rate

7101 S Exchange Ave
Chicago, IL 60649


HIGHLIGHTS

  • Prime Location in a Thriving Medical Corridor
  • Long-Term Net Lease with a Premier Healthcare Tenant
  • Excellent Access and High-Visibility Hard Corner Location
  • Affiliation with a Top-Tier Healthcare Institution
  • Ongoing Community Development and Economic Growth
  • Favorable Demographics Supporting Healthcare Demand

OVERVIEW

Northmarq is pleased to present for sale to qualified investors the opportunity to purchase a fee simple interest in the UChicago Medical Outpatient Health Clinic, located at 7101 S Exchange Ave, Chicago, IL (the “Property”). The Property consists of a 6,584-square-foot freestanding building situated on a 0.33-acre parcel of land. The tenant operates under a recently renewed long-term lease, with 10 years remaining and two (2), five (5)-year options to extend. Additionally, the lease includes two percent annual rental increases, offering consistent growth and protection against inflation. For further details, please contact the broker for an Offering Memorandum. Property Location and Market Context: The Property is located in Chicago, Illinois—a major urban center with a robust healthcare system that is a key contributor to the local economy. Chicago is home to prominent healthcare institutions, including the University of Chicago Medical Center and Northwestern Medicine, both ranked in the Top 10 nationally for research, clinical care, and hospital services. These institutions, alongside Rush University Medical Center, Advocate Health Care, and Loyola University Medicine, treat millions of patients each year. Chicago’s large and diverse population ensures a stable and growing tenant base for medical facilities. Strategic Location: The Property is strategically positioned near major thoroughfares, offering excellent visibility and accessibility. Situated in a vibrant area surrounded by residential neighborhoods and retail establishments, this prime location, combined with Chicago’s commitment to healthcare and urban development, makes the Property an attractive investment for healthcare-focused tenants.

FOR SALE DETAILS

PRICE

$1,961,209 USD

PRICE/SF

$298 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University of Chicago Medical Outpatient

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,509 SF

ZONING

-

APN/PARCEL ID

21-30-101-024-0000

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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