PROPERTY DETAILS
Welcome to 11250 S. Western Ave, a premier multi-tenant healthcare facility located in Chicago’s vibrant Beverly neighborhood. Listed at $2,100,000, this 7,631-square-foot property offers an exceptional investment opportunity with a 7.5% CAP rate and a Net Operating Income (NOI) of $158,182.78 (2023).
Built in 1964 and situated on a 0.18-acre lot, the property is fully occupied by Primary Healthcare Associates, a highly reputable healthcare provider. The facility benefits from long-term leases with annual rent escalations and high-credit tenants, ensuring consistent cash flow and financial stability.
Located in a B1-1 zoning district, the building features retail storefronts and allows for potential residential units above the ground floor, offering flexible future use. Its prime location on Western Avenue, a key commercial corridor, provides excellent visibility, accessibility, and connectivity to major expressways (I-57 and I-94) and the nearby 111th Street Metra Station.
This property represents a unique opportunity to invest in the thriving healthcare sector within one of Chicago’s most desirable neighborhoods.
INVESTMENT SUMMARY:
MoHall Commercial & Urban Development is pleased to present 11250 S. Western Ave, a premier multi-tenant healthcare facility in the heart of Chicago’s historic Beverly neighborhood. This 7,631-square-foot property, built in 1964 and fully occupied, offers an exceptional investment opportunity for those seeking stability, growth, and community impact.
Anchored by Primary Healthcare Associates, a highly reputable healthcare provider, this property ensures tenant stability and consistent patient traffic. With long-term leases featuring annual rent escalations and high-credit tenants, investors can count on dependable cash flow and financial performance.
The property generates a Net Operating Income (NOI) of $158,182.78 (2023), delivering a competitive 7.5% CAP rate. Its strategic location on Western Avenue, a key commercial corridor, provides excellent visibility and accessibility, while the B1-1 zoning allows for retail storefronts and potential residential units above the ground floor, offering future redevelopment opportunities.
Situated on a 0.18-acre lot, this property benefits from its vibrant surrounding community, proximity to major expressways (I-57 and I-94), and accessibility to public transit, including the 111th Street Metra Station. The Beverly neighborhood’s strong residential base and growing commercial developments make this facility a valuable asset in a thriving market.
For investors, 11250 S. Western Ave represents more than a healthcare facility—it’s a stable, income-producing asset with significant growth potential in one of Chicago’s most dynamic neighborhoods.