Remarks

MoHall Commercial proudly presents 11240 S. Western Ave, a rare gem in the thriving Beverly neighborhood of Chicago. This 2,064-square-foot medical office building offers an unparalleled opportunity for healthcare providers, medical practitioners, and investors seeking a strategic location with long-term growth potential. As part of the exclusive Western Medical Portfolio, this property stands out for its combination of financial performance and strategic appeal. With a pro forma NOI of 43,344, delivering a solid cap rate of 8.75, this property is a standout investment or owner-user opportunity in one of Chicago's most vibrant medical and professional hubs. Situated on a spacious 6,250-square-foot lot, this property is designed to meet the demands of modern medical practices. The layout offers flexibility for a variety of uses, with ample room to configure exam rooms, procedure areas, private offices, and administrative spaces tailored to the needs of a healthcare provider. The building is zoned B1-1, offering additional opportunities for professional offices or mixed-use development, making it a versatile asset that can evolve with market demands. Nestled along Western Avenue, one of Chicago's most active commercial corridors, this property enjoys exceptional visibility, with significant exposure to both pedestrian and vehicular traffic. Its high-traffic location makes it an ideal choice for a practice or business looking to attract and retain clients. Convenient access to major expressways such as I-57 and I-94 ensures easy connectivity to downtown Chicago and surrounding suburbs, while public transit options, including the nearby Metra Rock Island District line, provide seamless access for staff and patients. Beyond its functional design and strategic location, the property benefits from its placement in Beverly, a neighborhood celebrated for its historic charm, strong residential base, and supportive community. Known for its tree-lined streets and a Walk Score of 73 ("very walkable"), Beverly offers an ecosystem perfectly suited for healthcare providers and their patients. Local amenities, including top-rated schools, parks, and retail options, provide convenience for tenants and contribute to a higher quality of life for those who visit. The Beverly area is experiencing increased demand for healthcare services as outpatient care becomes the cornerstone of modern medicine. This trend makes 11240 S. Western Ave a future-proof investment for those looking to capitalize on the growing need for community-based care. For an investor, this property offers the stability of a high-performing asset in a resilient market. For an owner-user, it provides the opportunity to establish a practice in a community that values and supports healthcare services. This is more than just a property; it's a platform for success. Whether you're an investor seeking steady returns or a healthcare professional looking to build a legacy, 11240 S. Western Ave combines prime location, functionality, and financial strength in a way that's hard to match. Don't miss the chance to secure your place in Beverly's growing medical community.

Details

MLS#: 12279309
Price: $495,000

Style: Medical,Office
Sq Ft: 2064
Year Built: 1965

County: Cook
Lot Size: 25 X 125
Tax Fee: 0