Western Medical Office Portfolio FOR SALE


Chicago, IL - Morgan Park
$4,259,000 USD
312-826-9925
, Chicago, IL for Sale
$4,259,000 USD
FOR SALE
1/43
null | 7.8% Cap Rate

Western Medical Office Portfolio
Chicago, IL
Morgan Park


HIGHLIGHTS

  • Stabilized Medical Office Portfolio: Anchored by long-term healthcare tenants with a blended 7.8% cap rate in Chicago’s thriving Beverly neighborhood.
  • Prime Development Potential: Includes a vacant lot zoned for medical or mixed-use development near the Obama Presidential Center and major transit rou
  • Unbeatable Location: High-visibility Western Ave corridor with access to I-57, I-94, CTA, Metra, and Midway Airport, in a dense, affluent market with

OVERVIEW

MoHall Commercial & Urban Development proudly offers the Western Medical Office Portfolio, a rare and strategically located investment opportunity in Chicago’s vibrant Beverly neighborhood. This portfolio combines stabilized income from established healthcare tenants with significant development potential, providing an unmatched opportunity to capitalize on the growth of medical office investments in a thriving market. Anchored by a mix of long-term healthcare tenants, this portfolio is ideally situated along Western Avenue, a prominent commercial corridor that benefits from high visibility, foot traffic, and easy access to major transportation routes. This portfolio includes three medical office properties totaling 14,967 square feet and a prime development parcel zoned for commercial or mixed-use purposes. Current tenants include highly regarded healthcare providers such as Primary Healthcare Associates and Life Source Pharmacy, which serve a dense, affluent population in Beverly and surrounding communities. With a blended cap rate of 7.8% and net operating income supported by reliable long-term leases, this portfolio offers investors both stability and growth potential. The portfolio’s location in Beverly is a cornerstone of its value. Known for its tree-lined streets, historic homes, and strong community ties, Beverly has become a hub for residential and commercial activity on Chicago’s South Side. The properties are strategically positioned near the Obama Presidential Center in nearby Jackson Park, a transformative development expected to drive economic growth and attract additional investment to the area. The neighborhood also enjoys excellent connectivity to the broader Chicago metropolitan area, with proximity to the I-57 and I-94 expressways, CTA bus lines, and the 111th Street Metra Station on the Rock Island District. Chicago Midway Airport is just a 20-minute drive away, adding convenience for regional and national tenants. Investors will appreciate the growing demand for outpatient medical services in the Chicago market, driven by shifting healthcare trends that prioritize community-based care. Chicago’s healthcare sector is one of the most robust in the Midwest, supported by a highly skilled workforce and world-class institutions like the University of Chicago and Northwestern University. These dynamics create sustained demand for medical office space, offering both stability and the potential for enhanced returns. A key differentiator of this portfolio is its development potential. The included vacant lot at 11222-26 S Western Ave offers a blank slate for new construction, allowing investors to customize a project to meet the area’s evolving healthcare needs. This site is ideally suited for a build-to-suit medical office, retail, or mixed-use development, enhancing the portfolio’s overall value and aligning with the growing trend of integrated healthcare and retail spaces. The Western Medical Office Portfolio is more than an investment; it’s a foothold in one of Chicago’s most dynamic and promising healthcare markets. Whether you’re looking for stable income, future development opportunities, or a combination of both, this portfolio offers unparalleled advantages in location, tenant quality, and long-term growth prospects.

ASK ABOUT THIS PROPERTY

Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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Moses HallMoHall Commercial & Urban DevelopmentMore Info
312-826-9925

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