Medical Office Condo with Treatment
For Sale
$425,000
4856 N Damen Avenue Gu-1, Chicago, IL 60625
Ground-floor commercial condo with an open layout, treatment rooms, ADA features, and B3-2 zoning.
Property Size1,645 SF
Price / SF$258.36
Days on Market95
Property Features for 4856 N Damen Avenue Gu-1
General Information
Standard status
Active
Size
1,645 SF
Zoning
B3-2
Site & Location
Corner Location
Yes
Traffic Count
6,600 vehicles/day
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground Floor
Building Details
Year Built
2006
Construction
Masonry
Tenancy
Single
Listing Agency:
@properties Commercial
Listed By:
Michael Levin · License #475123263
(312) 506-0200
Source:
Grandviewrealtyservices
Added: Jul 17
Changed: Sep 4
Last Checked: Oct 7 at 2:08PM
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 @properties Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor medical office condominium at 4856 N Damen Avenue Gu-1 offers 1,645 square feet of built-out space in a 2006 building. The layout includes an open office area, lobby and waiting room, four treatment rooms, supply storage, and a modern ADA restroom. Interior access is handicap accessible, and the unit has approximately 200 amps of power plus new commercial-grade copper plumbing throughout.
The property occupies the stop-sign corner of Damen and Ainslie, with approximately 6,600 VPD on Damen and a large window line facing both streets. A dedicated building signage area is available. Bus service and the CTA Damen stop are nearby, while surrounding retail includes CVS, Subway, Wendy’s, Mariano’s, Sweet Moon Coffee, The Perfect Cup Coffee, and Golden Nugget Restaurant.
B3-2 zoning supports the stated professional, medical, retail, office, educational, and training uses, among others. Assessment coverage includes water, rubbish, scavenger service, and maintenance. Nearby street parking is available.
The property occupies the stop-sign corner of Damen and Ainslie, with approximately 6,600 VPD on Damen and a large window line facing both streets. A dedicated building signage area is available. Bus service and the CTA Damen stop are nearby, while surrounding retail includes CVS, Subway, Wendy’s, Mariano’s, Sweet Moon Coffee, The Perfect Cup Coffee, and Golden Nugget Restaurant.
B3-2 zoning supports the stated professional, medical, retail, office, educational, and training uses, among others. Assessment coverage includes water, rubbish, scavenger service, and maintenance. Nearby street parking is available.
Key Highlights
- 1,645 SF ground‑floor medical office condominium
- Four treatment rooms, lobby waiting area, supply storage, and open office layout
- B3‑2 zoning with stated professional, medical, retail, educational, and training uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,295
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,900
$705.9K
Cap Rate 7%
$504,214
$504.2K
Cap Rate 9%
$392,167
$392.2K
Market Conditions
NOI Build-Up for 1,645 SF
Gross rent
$63.2K $38.40/SF
− Vacancy
−$16.1K −$9.79/SF
EGI
$47.1K $28.61/SF
− OpEx
−$11.8K −$7.15/SF
NOI
$35.3K $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%
$705,900
Cap Rate 7%
$504,214
Cap Rate 9%
$392,167
Alternative Uses
Best Use
Office B
$504.2K
$441.2K – $588.3K
NOI $35,295 @ 7.0% cap · market cap 8.30%
Second Best
Retail
$325.1K
$284.5K – $379.3K
NOI $22,758 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$775.6K
$678.7K – $904.9K
NOI $54,293 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6,600 VPD
Traffic count
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,099
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
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- Edward Holub — 4613 N Ashland Ave, Chicago, IL 60640
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor commercial condo with an open layout, treatment rooms, ADA features, and B3-2 zoning.
Where is this medical office space located?
The property is located at 4856 N Damen Avenue Gu-1 Chicago, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,645 SF ground‑floor medical office condominium; Four treatment rooms, lobby waiting area, supply storage, and open office layout; B3‑2 zoning with stated professional, medical, retail, educational, and training uses
