1600 S Indiana Ave, Chicago, IL 60616
3,000 SF medical office condo in Chicago's South Loop.
- Added:
- Feb 23, 2026
- Days on Market:
- 132
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1600 S Indiana Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing office Jameson Commercial Real Estate
Listing date Feb 23, 2026
Source Crexi
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 Jameson Commercial Real Estate
HighLights
- Turn‑key medical office condo (~3,000 SF)
- Sale/Leaseback opportunity
- Four (4) parking spaces
- Prime South Loop location
- Walking distance to McCormick Place, Motor Row, and Printer's Row
- Convenient access to CTA El stations (Red and Orange lines), CTA bus Routes, I‑90, and Lake Shore Drive
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $38.40 |
| − Vacancy | −$29.4k | −$9.79 |
| EGI | $85.8k | $28.61 |
| − OpEx | −$21.5k | −$7.15 |
| NOI | $64.4k | $21.46 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- South Loop Animal Hospital — 1640 S Michigan Ave, Chicago, IL 60616
- Metropolitan Veterinary Center — 1556 S Michigan Ave Ste.100, Chicago, IL 60605
- Vetted Pet Wellness Clinic — 1332 S Michigan Ave, Chicago, IL 60605
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.622861
- Latitude
- 41.8599804
