Class A Medical Outpatient
For Lease
Contact for pricing
7456 S State Rd, Chicago, IL
Multi-tenant medical facility with stable income and value-add upside.
Space Size1,136 SF - 9,509 SF
Lot Size3.66 Acres
Days on Market652
Property Features for 7456 S State Rd
General Information
Standard status
Active
Size
1,136 SF - 9,509 SF
Lot size
3.66 Acres
Property subtype
OFFICE
Lease Type
NNN
Site & Location
Neighborhood
Park Manor
Spaces For Lease
at 7456 S State Rd Contact us7456 S State Rd $21/SF/Yr
Size
1,136 SF
Type
OFFICE
Availability
AVAILABLE, Now
- Surgery rights and partnership opportunities with on-site Magna
- Surgery Center
- Multi-modality medical imaging and diagnostic radiology
- Signage opportunities available along State Road just west of Cicero Avenue
- Immediate access to Midway International Airport, numerous area hotels as well as major highways I-55 & I-294
- Professionally Maintained and Managed with a 24 hour management hotline
Contact us 7456 S State Rd $21/SF/Yr
Size
1,364 SF
Type
OFFICE
Availability
AVAILABLE, Now
- Surgery rights and partnership opportunities with on-site Magna
- Surgery Center
- Multi-modality medical imaging and diagnostic radiology
- Signage opportunities available along State Road just west of Cicero Avenue
- Immediate access to Midway International Airport, numerous area hotels as well as major highways I-55 & I-294
- Professionally Maintained and Managed with a 24 hour management hotline
Contact us Bedford Medical $24/SF/Yr
Floor
1
Size
4,716 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
Rentable Building Area: 60,000
Type: Medical Office
Available Spaces: Suite 101=1,702 SF; Suite 104=4,586 SF; Suite 200=9,509 SF
Asking Price: Suite 101=$24.00 NNN; Suite 104=$26.00 NNN; Suite 200=$21.00 NNN
Class: A
Submarket: Near South Cook County
Contact us Bedford Medical $21/SF/Yr
Floor
2
Size
9,509 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
Rentable Building Area: 60,000
Type: Medical Office
Available Spaces: Suite 101=1,702 SF; Suite 104=4,586 SF; Suite 200=9,509 SF
Asking Price: Suite 101=$24.00 NNN; Suite 104=$26.00 NNN; Suite 200=$21.00 NNN
Class: A
Submarket: Near South Cook County
Contact us 7456 S State Rd $21/SF/Yr
Size
2,090 SF
Type
OFFICE
Availability
AVAILABLE, Now
Three (3) story class-A, state-of-the-art, medical office building in Bedford Park. On-Site Amenities and Tenants include: Magna Surgery Center offers surgery rights and partnership opportunities with a brand new, fully operational, surgery center located on the 3rd floor. Bright Light Radiology and Imaging (BLR), a multi-modality medical imaging and diagnostic radiology including: High Field (1.5T) MRI, 64 slice CT, digital mammography, ultrasound & digital X-ray. The opportunity to customize your medical space with flexible existing conditions and cost-saving infrastructure already in place, generous TIA, with in house construction and design. Exceptional payer mix in the area. Ideally located in the heart of Bedford Park with an exceptional mix of retail, medical office, general office, industrial office and strong area demographics.
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Listing Agency:
XR Advisors
(847) 239-7500
Listed By:
Christine Simek
(847) 239-7512
Source:
Moodyscre
Added: Jan 15, 2025
Changed: Oct 28
Last Checked: Oct 28 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of XR Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a Class A multi-tenant medical outpatient facility completed in 2011. The building has 58,295 rentable square feet and is currently 82.1% leased. The weighted average remaining lease term is 8.6 years. The property is located four miles south of I-55, less than five miles east of I-294, and approximately three miles equidistant from both Advocate Christ Medical Center as well as Midway International Airport. It is situated in a healthcare node comprised of 93.8% medical outpatient facility occupancy and 1,175 acute care beds. The surrounding area has a dense urban infill population of 587,546 within a five-mile radius. There is average mark-to-market upside of 15.6% in years one through ten.
Key Highlights
- Class A medical outpatient facility built in 2011
- 82.1% leased with a strong 8.6 years weighted average remaining lease term (WALT)
- Located in a vibrant healthcare node with 93.8% medical outpatient facility occupancy
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$32.57 /SF/Yr
Avg Asking Price
$8–$94 /SF/Yr
Price Range
26,064 SF
Avg Space Size
This space is priced 26% below the average of $32.57 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant medical facility with stable income and value-add upside.
Where is this medical office space located?
The property is located at 7456 S State Rd Chicago, IL.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Class A medical outpatient facility built in 2011; 82.1% leased with a strong 8.6 years weighted average remaining lease term (WALT); Located in a vibrant healthcare node with 93.8% medical outpatient facility occupancy
