Medical Office Suite with Exam
For Sale
Contact for pricing
7126 N Lincoln Ave, Lincolnwood, IL
A refreshed interior provides reception, office, kitchen, storage, and patient examination areas.
Property Size1,500 SF
Price / SF$0.02
Days on Market23
Property Features for 7126 N Lincoln Ave
General Information
Standard status
Active
Size
1,500 SF
Additional Details
Road Access
Yes
Amenities
reception area
office
kitchen
storage
exam rooms
Listing Agency:
Fulton Grace Realty
(773) 698-6648
Listed By:
Mo Dadkhah
(847) 431-6222
Source:
Exprealty
Added: Oct 5
Changed: Oct 25
Last Checked: Oct 26 at 6:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office suite contains 1,500 square feet, with reception space, an office, a kitchen, storage, and multiple exam rooms. The interior has been renovated, including the reception area.
The property occupies the corner of Lincoln and Touhy and has parking available for staff and visitors.
The property occupies the corner of Lincoln and Touhy and has parking available for staff and visitors.
Key Highlights
- 1,500‑square‑foot medical office suite
- Multiple exam rooms, plus reception, office, kitchen, and storage areas
- Corner location at Lincoln and Touhy with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,100
$359.1K
Cap Rate 7%
$256,500
$256.5K
Cap Rate 9%
$199,500
$199.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$31.5K $21.00/SF
− Vacancy
−$7.6K −$5.04/SF
EGI
$23.9K $15.96/SF
− OpEx
−$6.0K −$3.99/SF
NOI
$18.0K $11.97/SF
Area
McLean County, IL
Vacancy
24.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,100
Cap Rate 7%
$256,500
Cap Rate 9%
$199,500
Alternative Uses
Best Use
Healthcare Medical
$256.9K
$224.8K – $299.7K
NOI $17,982 @ 7.0% cap · market cap 59,940.00%
Second Best
Office B
$256.5K
$224.4K – $299.3K
NOI $17,955 @ 7.0% cap · market cap 59,850.00%
Theoretical Best
Office A
$312.7K
$273.6K – $364.8K
NOI $21,888 @ 7.0% cap · market cap 72,960.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A refreshed interior provides reception, office, kitchen, storage, and patient examination areas.
Where is this medical office space located?
The property is located at 7126 N Lincoln Ave Lincolnwood, IL.
What are key features of this property?
This property features: 1,500‑square‑foot medical office suite; Multiple exam rooms, plus reception, office, kitchen, and storage areas; Corner location at Lincoln and Touhy with on‑site parking
