Medical Office Suite with Exam
For Sale
Contact for pricing
7126 N Lincoln Avenue, Lincolnwood, IL 60712
The renovated interior includes a reception area, office, kitchen, storage, and multiple exam rooms.
Property Size12,160 SF
Price / SF$0.00
Days on Market23
Property Features for 7126 N Lincoln Avenue
General Information
Standard status
Active
Size
12,160 SF
Property subtype
COMMERCIAL
Additional Details
Property Use
Medical Office
Building Details
Building Size
12,160 SF
Year Built
1967
Listing Agency:
Fulton Grace Realty
Listed By:
Mo Dadkhah
(847) 431-6222
Source:
Dawnmckennagroup
Added: Oct 5
Changed: Oct 25
Last Checked: Oct 24 at 11:24PM
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 Fulton Grace Realty
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Investment Insights
Based on property information with market context.
This medical office suite has a renovated reception area, an office, a kitchen, storage, and multiple exam rooms. The building dates to 1967, and the suite is located at the corner of Lincoln and Touhy, with parking available for staff and patients.
Key Highlights
- Multiple exam rooms, plus a reception area, office, kitchen, and storage
- Renovated interior
- Corner location at Lincoln and Touhy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,096
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,221,920
$3.2M
Cap Rate 7%
$2,301,371
$2.3M
Cap Rate 9%
$1,789,956
$1.8M
Market Conditions
NOI Build-Up for 12,160 SF
Gross rent
$291.8K $24.00/SF
− Vacancy
−$23.3K −$1.92/SF
EGI
$268.5K $22.08/SF
− OpEx
−$107.4K −$8.83/SF
NOI
$161.1K $13.25/SF
Area
Cook County, 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%
$3,221,920
Cap Rate 7%
$2,301,371
Cap Rate 9%
$1,789,956
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.79M
NOI $167,666 @ 7.0% cap · market cap 558,886.67%
Second Best
Healthcare Medical
$2.30M
$2.01M – $2.68M
NOI $161,096 @ 7.0% cap · market cap 536,986.67%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,881 @ 7.0% cap · market cap 979,603.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60712, IL
13,463
Population
4,987
Households
2.7
Avg Household Size
46
Median Age
57%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,986
Density / Sq Mi
$107,950
Median Household Income
$60,315
Median Earnings
$3,501
Median Rent
$475,400
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 Midwest region
Similar Off Market Nearby
- My Neighborhood Vet — 6927 Lincoln Ave, Lincolnwood, IL 60712
- Pets in Balance — 3926 W Touhy Ave #148, Lincolnwood, IL 60712
Frequently Asked Questions
What type of property is this?
Medical Office Space - The renovated interior includes a reception area, office, kitchen, storage, and multiple exam rooms.
Where is this medical office space located?
The property is located at 7126 N Lincoln Avenue Lincolnwood, IL.
What are key features of this property?
This property features: Multiple exam rooms, plus a reception area, office, kitchen, and storage; Renovated interior; Corner location at Lincoln and Touhy
