Equipped Dental Medical
New
For Sale
$349,000
5611 W Belmont Avenue, Chicago, IL 60634
Established dental practice with treatment, imaging, and operational equipment in place.
Property Size1,500 SF
Price / SF$232.67
Days on Market6
Property Features for 5611 W Belmont Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Building Details
Building Size
1,500 SF
Year Built
1933
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(773) 983-1553
Source:
Cnetproperties
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 22 at 8:47PM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
This 1,500-square-foot medical office was built in 1933 and is configured for dental operations. The practice includes 5 fully equipped treatment rooms, 2 wall-mounted X-ray units with panoramic capability, dental equipment, a compressor, and a vacuum. The sale includes the equipment in place.
Located at 5611 W Belmont Avenue in Chicago, the office has street exposure and city garage parking directly behind the property. The practice serves the Belmont Cragin and Portage Park area, with neighboring communities including Dunning, Belmont Gardens, Montclare, Old Irving Park, and Jefferson Park.
A transferable corporation and electronic Dentrix billing capability with most major insurance networks are also included, supporting continuity for a new owner-operator.
Located at 5611 W Belmont Avenue in Chicago, the office has street exposure and city garage parking directly behind the property. The practice serves the Belmont Cragin and Portage Park area, with neighboring communities including Dunning, Belmont Gardens, Montclare, Old Irving Park, and Jefferson Park.
A transferable corporation and electronic Dentrix billing capability with most major insurance networks are also included, supporting continuity for a new owner-operator.
Key Highlights
- 5 fully equipped dental treatment rooms
- 2 wall‑mounted X‑ray units with panoramic capability
- 1,500 square feet; built in 1933
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,660
$413.7K
Cap Rate 7%
$295,471
$295.5K
Cap Rate 9%
$229,811
$229.8K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.7K $24.48/SF
− Vacancy
−$9.1K −$6.10/SF
EGI
$27.6K $18.38/SF
− OpEx
−$6.9K −$4.60/SF
NOI
$20.7K $13.79/SF
Area
ZIP 60634
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,660
Cap Rate 7%
$295,471
Cap Rate 9%
$229,811
Alternative Uses
Best Use
Office B
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 5.93%
Second Best
Healthcare Medical
$283.9K
$248.4K – $331.2K
NOI $19,872 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$409.0K
$357.9K – $477.2K
NOI $28,631 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established dental practice with treatment, imaging, and operational equipment in place.
Where is this medical office space located?
The property is located at 5611 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 5 fully equipped dental treatment rooms; 2 wall‑mounted X‑ray units with panoramic capability; 1,500 square feet; built in 1933
