Move-In-Ready Medical Office
For Sale
$375,000
6059 S Ashland Avenue, Chicago, IL 60636
Move-in-ready medical office with reception, private offices, lab/work area, restrooms, and on-site plus street parking.
Property Size2,550 SF
Price / SF$147.06
Days on Market58
Property Features for 6059 S Ashland Avenue
General Information
Standard status
Active
Size
2,550 SF
Property subtype
COMMERCIAL
Additional Details
Furnished
Yes
Building Details
Building Size
2,550 SF
Year Built
1951
Listing Agency:
Infiniti Properties, Inc.
(708) 704-3304
Listed By:
De Janette Cummings
Source:
Dawnmckennagroup
Added: Jun 7
Changed: Jul 30
Last Checked: Aug 3 at 11:16AM
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 Infiniti Properties, Inc.
Investment Insights
Based on property information with market context.
Move-in-ready medical office building offering 2,550 SF of flexible space. The layout includes a reception/waiting area, private offices, a lab/work area, and restrooms. Multiple office rooms are supported by sink and desk stations, designed for quick tenant setup.
The property includes private on-site parking plus street parking, supporting convenient access for staff and visitors. Built in 1951, the building is presented as an excellent-condition, low-work option for a range of service and professional uses.
Whether you’re seeking a medical, dental, wellness, beauty, salon suite, or professional office configuration, the interior room mix provides dedicated areas for front-of-house reception, private workspaces, and lab or work functions.
The property includes private on-site parking plus street parking, supporting convenient access for staff and visitors. Built in 1951, the building is presented as an excellent-condition, low-work option for a range of service and professional uses.
Whether you’re seeking a medical, dental, wellness, beauty, salon suite, or professional office configuration, the interior room mix provides dedicated areas for front-of-house reception, private workspaces, and lab or work functions.
Key Highlights
- 2,550 SF medical office building with flexible room layout
- Reception/waiting area plus private office space
- Lab/work area and restrooms
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.2k | $24.00 |
| − Vacancy | −$4.9k | −$1.92 |
| EGI | $56.3k | $22.08 |
| − OpEx | −$22.5k | −$8.83 |
| NOI | $33.8k | $13.25 |
2,550 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$781.6K
$683.9K – $911.9K
NOI $54,713 @ 7.0% cap · market cap 14.59%
Second Best
Healthcare Medical
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,162 @ 7.0% cap · market cap 22.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60636, IL
34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready medical office with reception, private offices, lab/work area, restrooms, and on-site plus street parking.
Where is this medical office space located?
The property is located at 6059 S Ashland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,550 SF medical office building with flexible room layout; Reception/waiting area plus private office space; Lab/work area and restrooms
