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Two-Story Medical Office Building

500 Ashland Avenue, Chicago Heights, IL 60411

For Sale
$475,000

The property has a full basement, brick masonry construction, and parking on three sides.

Property Size11,136 SF
Price / SF$42.65
Days on Market209

Property Features for 500 Ashland Avenue

General Information

Standard status Active
Size 11,136 SF
Property subtype Commercial
Zoning COMMR

Additional Details

Property Use Medical Office

Taxes and HOA fees

Annual Taxes $60,985

Building Details

Building Size 11,136 SF
Year Built 1968
Buildings 1
Stories 2
Units 6
Construction brick masonry
Owner Occupied Yes
Listing Agency: Coldwell Banker Realty
Listed By: Charles Groebe · License #475091121
Source: Icandyrealty
Added: Apr 15 Changed: Nov 7 Last Checked: Nov 8 at 12:23PM

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

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Investment Insights

Based on property information with market context.

This 11,136-square-foot office building was constructed in 1968 and has two stories above a full basement. White Miami brick masonry forms the exterior, with parking surrounding three sides of the building. The property includes over 1 acre of land and is currently owner-occupied.

Three spaces are vacant: 1,250 square feet on the first floor and 2,100 and 650 square feet on the second floor. The owner is willing to enter a long-term lease-back arrangement for full occupancy.

Key Highlights

  • 11,136‑square‑foot office building on over 1 acre
  • Two stories with a full basement
  • Three vacant spaces: 1,250 SF, 2,100 SF, and 650 SF

Property Analytics

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Current Use

Michael J. Mintz, ... Dental Office Illiana Endodontics, Inc. Dental Office Dr. Joseph W. ... Dental Office Ashland Dental & Wellness ... Dental Office Noetzel Orthodontics Dental Office

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop Spa & Massage 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

600
Businesses Nearby

Demographics for 60411, IL

53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,743
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
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Market

Properties on Market for Office buildings in Cook County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - The property has a full basement, brick masonry construction, and parking on three sides.
Where is this office building located?
The property is located at 500 Ashland Avenue Chicago Heights, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 11,136‑square‑foot office building on over 1 acre; Two stories with a full basement; Three vacant spaces: 1,250 SF, 2,100 SF, and 650 SF
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