Building Details

Stories 2

Listing Agency: Coldwell Banker Commercial Realty

Listed By: Sheryl Fisher · License #IL

Source: Crexi

Added: Oct 5, 2023 Changed: Aug 30 Last Checked: Aug 30 at 7:10AM

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Investment Insights

Based on property information with market context.

The property includes a 1.83+ acre site improved with a two-story medical office building. The existing structure is identified for potential conversion to multifamily apartments or a mixed-use project incorporating residential space.

A primary school is located across Wadsworth Road, while Beach Park City Hall is next door. The municipality is identified as supportive of future site development through a PUD process, including affordable housing. An additional 5 acres is available separately.

Key Highlights

• 1.83+ acre site with a two‑story medical office building
• Potential conversion to multifamily apartments or mixed‑use residential space
• Primary school located across the street

Property Analytics

Property Profile

Current Use

Wadsworth Dental In Beach ... Dental Office Body and Soul Massage ... Alternative Medicine Practice Meadows Plastic Surgery Medical Clinic Maves Cosmetic Surgery, ... Physician The Varicose Vein Specialists Medical Clinic

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60099, IL

31,579

Population

12,085

Households

2.6

Avg Household Size

36

Median Age

16%

College-Educated

86%

High-School Grad

22.6 sq mi

ZIP Area

1,397

Density / Sq Mi

$65,647

Median Household Income

$36,541

Median Earnings

$1,131

Median Rent

$190,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing professional facility offers conversion potential for multifamily apartments or mixed-use residential plans.

Where is this medical office space located?

The property is located at 11316 W Wadsworth Road Beach Park, IL.

What is the asking price?

The asking price for this property is $665,000.

What are key features of this property?

This property features: 1.83+ acre site with a two‑story medical office building; Potential conversion to multifamily apartments or mixed‑use residential space; Primary school located across the street