6059 S Ashland Avenue, Chicago, IL 60636

Building Details

Building Size 2,550 SF More

Year Built 1951 More

Listing Agency: Infiniti Properties, Inc.

Listed By: De Janette Cummings Show Phone

Source: Dawnmckennagroup

Added: Jun 7 Changed: Nov 7 Last Checked: Nov 8 at 3:50PM

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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.

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$33,782

Cap Rate

9.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$675,640 $675.6K

Cap Rate 7%

$482,600 $482.6K

Cap Rate 9%

$375,356 $375.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,550 SF

Gross rent

$61.2K $24.00/SF

− Vacancy

−$4.9K −$1.92/SF

EGI

$56.3K $22.08/SF

− OpEx

−$22.5K −$8.83/SF

NOI

$33.8K $13.25/SF

Area

Chicago, IL

Vacancy

8.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$675,640

Cap Rate 7%

$482,600

Cap Rate 9%

$375,356

Alternative Uses

Best Use

Office B

$781.6K

$683.9K – $911.9K (±1% cap)

NOI $54,713 @ 7.0% cap · market cap 14.59%

Second Best

Healthcare Medical

$482.6K

$422.3K – $563.0K (±1% cap)

NOI $33,782 @ 7.0% cap · market cap 9.01%

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,162 @ 7.0% cap · market cap 22.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Englewood Mural Painting RD DR. Physician RG HD. Physician Planned Parenthood - Englewood ... Medical Clinic Raquel Hudson Physician

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Building Supply HVAC Service

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

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

Average Price Trend$/SF for Medical Office Space in Chicago, IL

$241 Jul

$247 Aug

$235 Sep

$251 Oct

Properties on Market for Medical Office Space in Chicago

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Chicago, IL

17.9% 2019

19.2% 2020

20.7% 2021

23.1% 2022

23.3% 2023

25.1% 2024

25.6% 2025

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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