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    7456 S State Rd Chicago, IL 60638

    For Sale
    Contact for pricing

    Multi-tenant medical facility with stable income and value-add upside.

    Property size:
    58,295 SF
    Lot size:
    3.66 Acres

    Property Features for 7456 S State Rd

    General Information

    Size
    58,295 SF
    Lot size
    3.66 Acres

    Source: JLL - Corporate Agent Sam DiFrancesca

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Medical Outpatient Facility

    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.
    Location Intelligence

    Current Use by Public Records

    Dr. Nader Bozorgi Obstetrician-Gynecologist Ovation Hand Institute Hand Surgeon Raj Kamal Goyal ... Ophthalmologist LiveVoice Telephone Answering Service Justine Yasay Marriage ... Marriage Or Relationship Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.624844
    Latitude
    41.758737

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant medical facility with stable income and value-add upside.
    Where is this medical office located?
    The property is located at 7456 S State Rd Chicago, IL.
    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
    (312) 782-5800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7456 S State Rd Chicago, IL 60638
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