Medical Office Space in
For Lease
$35 SF/Yr
3201 S Wallace Street, Chicago, IL 60616
Turnkey medical office space in a fully functioning clinic.
Space SizeContact for details
Days on Market166
Property Features for 3201 S Wallace Street
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1908
Listing Agency:
COLDWELL BANKER REALTY
(312) 266-7000
Listed By:
DANIEL MERRION
Source:
Corcoran
Added: Mar 7
Changed: Aug 20
Last Checked: Aug 20 at 5:50AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Individual medical exam rooms are available for lease at 3201 S. Wallace St. in Chicago, offering a turnkey solution for healthcare providers within a fully functioning clinic environment. The office features a professionally managed reception area, a staffed front desk, a comfortable patient waiting area, a kitchenette area, and a lab area. The layout supports efficient patient flow and clinical use. Situated in a convenient Bridgeport location, the property serves a strong local patient base and is easily accessible for surrounding neighborhoods. It is ideal for physicians, specialists, therapists, wellness providers, or other healthcare professionals looking for an affordable and efficient practice space within an established setting. Several different suites are available. This is a rare opportunity to operate within a fully functioning medical office environment without the expense of a full build-out.
Key Highlights
- Turnkey medical office space within a fully functioning clinic.
- Shared amenities include reception area, staffed front desk, patient waiting area, kitchenette, and lab area.
- Suites available for lease, ranging from $1500-$2000.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$28.33 /SF/Yr
Avg Asking Price
$8–$95 /SF/Yr
Price Range
27,251 SF
Avg Space Size
This space is priced 24% above the average of $28.33 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office space in a fully functioning clinic.
Where is this medical office space located?
The property is located at 3201 S Wallace Street Chicago, IL.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Turnkey medical office space within a fully functioning clinic.; Shared amenities include reception area, staffed front desk, patient waiting area, kitchenette, and lab area.; Suites available for lease, ranging from $1500-$2000.
