Listing Agency: Matthews

Listed By: Andrew Evans · License #CA - 0255475

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 5:07AM

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Investment Insights

Based on property information with market context.

This offering is an office building available for sale. The published terms reference a 9.00% cap rate and total space of 6,250 SF.

The property is located at 3139 W 111th St in Chicago, Illinois (60655).

Key Highlights

• Office building for sale with a stated 9% cap rate
• 6,250 SF available

Property Analytics

Property Profile

Current Use

The Place for Children with ... Medical Clinic Nikia S. Thompson, ... Charitable Organization Edward H. Bowman, ... Foster Care Service Dr. Mahmoud Lotfi Alternative Medicine Practice Sargon Benjamin Odisho Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Grocery & Convenience Store Restaurant Food Market Parking Lot & Garage Daycare Center

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

780

Businesses Nearby

Explore this area Business Placement

Demographics for 60655, IL

27,837

Population

11,277

Households

2.5

Avg Household Size

39

Median Age

47%

College-Educated

97%

High-School Grad

4.4 sq mi

ZIP Area

6,327

Density / Sq Mi

$114,443

Median Household Income

$72,169

Median Earnings

$1,468

Median Rent

$303,300

Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019

19.2% 2020

20.7% 2021

23.1% 2022

23.3% 2023

25.1% 2024

25.6% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office building offered for sale with a 9% cap rate and 6,250 SF available.

Where is this office building located?

The property is located at 3139 W 111th St Chicago, IL.

What are key features of this property?

This property features: Office building for sale with a stated 9% cap rate; 6,250 SF available