Veterinary Medical
3510 N Cicero Avenue, Chicago, IL 60641
For Sale
New
$1,300,000
An operating veterinary practice is offered with its real estate, equipment, and client list.
Property Size3,500 SF
Price / SF$371.43
Days on Market7
Property Features for 3510 N Cicero Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Business Included
Currently Operating
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Arc Red Inc Arc Realty Group
Listed By:
Boguslaw Rola · License #475130949
(773) 716-4900
Source:
Cnetproperties
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 11:22AM
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 Arc Red Inc Arc Realty Group
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Investment Insights
Based on property information with market context.
The offering combines a 3,500-square-foot medical property with an established veterinary practice, equipment, and a client list. The practice has operated at its current locations for 20 years, is working at full capacity, and turns away new clients. The owner is retiring, and the business and property are being offered together.
Cicero Avenue carries approximately 30,000 vehicles per day. The property is at 3510 N Cicero Avenue in Chicago, and customer parking is available on site.
Cicero Avenue carries approximately 30,000 vehicles per day. The property is at 3510 N Cicero Avenue in Chicago, and customer parking is available on site.
Key Highlights
- 3,500‑square‑foot medical property with veterinary practice, equipment, and client list
- Veterinary practice has operated at its current locations for 20 years
- Practice is at full capacity and turning away new clients
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,096
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,920
$1.5M
Cap Rate 7%
$1,072,800
$1.1M
Cap Rate 9%
$834,400
$834.4K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$134.4K $38.40/SF
− Vacancy
−$34.3K −$9.79/SF
EGI
$100.1K $28.61/SF
− OpEx
−$25.0K −$7.15/SF
NOI
$75.1K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,920
Cap Rate 7%
$1,072,800
Cap Rate 9%
$834,400
Alternative Uses
Best Use
Office B
$1.07M
$938.7K – $1.25M
NOI $75,096 @ 7.0% cap · market cap 5.78%
Second Best
Healthcare Medical
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,517 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Market
Average Price Trend$/SF for Medical centers in Cook County, IL
Properties on Market for Medical centers in Cook County
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Medical center - An operating veterinary practice is offered with its real estate, equipment, and client list.
Where is this medical center located?
The property is located at 3510 N Cicero Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,500‑square‑foot medical property with veterinary practice, equipment, and client list; Veterinary practice has operated at its current locations for 20 years; Practice is at full capacity and turning away new clients
