Equipped Medical
For Sale
$349,000
5611 W Belmont Avenue, Chicago, IL 60634
A dental practice setup includes treatment rooms, imaging equipment, and a transferable corporation with Dentrix billing capability.
Property Size1,500 SF
Price / SF$232.67
Days on Market38
Property Features for 5611 W Belmont Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Zoning
COMMR
Site & Location
Neighborhood
Belmont Central
Additional Details
Condition
Turnkey
Business Included
Yes
Property Use
Dental Office
Medical Specialty
dental
Building Details
Building Size
1,500 SF
Year Built
1933
Stories
2
Units
2
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(773) 465-4200
Source:
Fishmangroup
Added: Sep 18
Changed: Oct 23
Last Checked: Oct 23 at 1:24PM
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
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Investment Insights
Based on property information with market context.
This 1,500-square-foot medical office at 5611 W Belmont Avenue is configured for dental care, with five equipped operatories and two wall-mounted X-ray units offering panoramic imaging. The sale includes the dental equipment, compressor, and vacuum. The building dates to 1933, and the property is zoned COMMR.
A city parking garage is located directly behind the office. The transferable corporation supports billing through Dentrix and electronic access to most major insurance networks.
A city parking garage is located directly behind the office. The transferable corporation supports billing through Dentrix and electronic access to most major insurance networks.
Key Highlights
- Five equipped dental operatories
- Two wall‑mounted X‑ray units with panoramic capability
- Sale includes dental equipment, compressor, and vacuum
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,683
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A dental practice setup includes treatment rooms, imaging equipment, and a transferable corporation with Dentrix billing capability.
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: Five equipped dental operatories; Two wall‑mounted X‑ray units with panoramic capability; Sale includes dental equipment, compressor, and vacuum
