Oak Lawn Medical Center For
6101 W 95th St, Oak Lawn, IL 60453
Medical center in a dense Chicago suburb with NNN lease.
Type:Office, Retail
Property size:
10,815 SFPrice / SF:
$272/SF- Added:
- Sep 30, 2024
- Days on Market:
- 614
- Last Refresh:
- May 12 at 8:18 pm
Property Features for 6101 W 95th St
General Information
- Standard status
- Active
- Size
- 10,815 SF
- Property subtype
- Office, Retail
Listing agent Daniel Chumbley License #IL 475.188007
Listing office Marcus & Millichap SWM Group
Listing date Sep 30, 2024
Source Crexi
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 Marcus & Millichap SWM Group
HighLights
- NNN lease with JenCare Senior Medical Center, a rapidly growing senior primary care provider.
- Lease renewal in 2020 for seven years, demonstrating commitment to the location.
- 3% annual rent increases, providing a hedge against inflation.
- Strategic location on 95th Street, a high‑traffic corridor.
- Proximity to two major hospitals providing a strong referral network.
- Located near multiple assisted living facilities, creating a concentrated senior demographic.
Overview
The JenCare Senior Medical Center is located in a dense Chicago suburb. The property operates under a NNN lease with 3% annual increases. JenCare has been at this location for over a decade, reaffirming its commitment by renewing the lease for seven more years in 2020, with three years currently remaining. The company spent over $50,000 in 2024 to install a new fiber optic system and improve the parking lot through resurfacing and striping. JenCare is a rapidly growing senior primary care provider formed through a joint venture between ChenMed and Humana, with 33 locations across five states. It is part of ChenMed's broader network, which has grown steadily over the past decade, increasing membership by 37.06% annually from 2010 to 2022. ChenMed operates over 130+ locations in 15 states and in 2022/2023 37 new clinics that year opened. The property is situated near two major hospitals with a combined total of 1,086 beds. Advocate Christ Medical Center, located just 2.5 miles away, is a premier teaching institution with over 1,500 affiliated physicians and 105,000 patient visits annually. It is one of the busiest Level I trauma centers in Illinois. OSF Little Company of Mary Medical Center, located 4.4 miles from the site, offers 298 beds and handles 11,600 inpatient visits, 253,000 outpatient visits, and nearly 50,000 emergency department patients annually. The JenCare facility is positioned along Oak Lawn’s busiest corridor, 95th Street, a major thoroughfare that sees 33,325 vehicles per day. The area is home to major shopping centers, including the Chicago Ridge Mall, which attracted seven million visitors over the past year. Additionally, the property is located just two miles from the Interstate 294 interchange, which has a traffic count of 181,700 vehicles per day. The medical center is surrounded by several assisted living facilities, including Oak Lawn Respiratory & Rehabilitation Center (143 beds), Aperion Care Oak Lawn (134 beds), and ALIYA of Oak Lawn (191 beds), all within half a mile. The area boasts attractive demographics, with 156,115 residents living within three miles and 348,248 people working within a five-mile radius. The property size is 10,815 square feet.
Local Financial Insights For Office B
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 | $264.8k | $24.48 |
| − Vacancy | −$65.9k | −$6.10 |
| EGI | $198.8k | $18.38 |
| − OpEx | −$49.7k | −$4.60 |
| NOI | $149.1k | $13.79 |
10,815 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.49M
NOI $149,121 @ 7.0% cap · market cap 5.07%
Second Best
Healthcare Medical
$2.05M
$1.79M – $2.39M
NOI $143,277 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$3.73M
$3.27M – $4.36M
NOI $261,375 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
JenCare Senior Medical ...
Medical Clinic
Dr. Samira Ghaniwala
Pediatrician
Anna Zaleska
Physician
Krystyna Oleniacz-Miller
Physician
Dr. Haytham Mansour
Physician
Location Insight
- Map
- Local Demand
- City
- Oak Lawn
- County
- Cook
- State
- Illinois
- Longitude
- -87.7731162
- Latitude
- 41.7193091
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FAQs
What type of property is this?
Medical center - Medical center in a dense Chicago suburb with NNN lease.
Where is this medical center located?
The property is located at 6101 W 95th St Oak Lawn, IL.
What is the asking price?
The asking price for this property is $2,942,430.
What are key features of this property?
This property features: NNN lease with JenCare Senior Medical Center, a rapidly growing senior primary care provider.; Lease renewal in 2020 for seven years, demonstrating commitment to the location.; **3% annual rent increases, providing a hedge against inflation.**
