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Redevelopment Office Property
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8655 S Wabash Ave, Chicago, IL 60619

Single-family home conversion opportunity for medical, office, or retail use with highway access to the west.

Property SizeContact for details
Days on Market121

Property Features for 8655 S Wabash Ave

General Information

Standard status Active
Property subtype Office

Additional Details

Highway Access Yes
Listing Agency: CapRock Real Estate
Listed By: Brian Goldman · License #IL471.018140
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:29AM

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 CapRock Real Estate

Investment Insights

Based on property information with market context.

This property presents a redevelopment opportunity in the form of a large single-family home that may be repurposed for medical or traditional office use, with retail also noted as a potential use.

The surrounding area is described as high traffic and high density, and the property is positioned with excellent highway access to the west.

As a single building with a conversion concept, it is best suited for buyers evaluating a redevelopment plan aligned with medical, office, or retail occupancy.

Key Highlights

  • Conversion opportunity to redevelop a large single‑family home for medical or traditional office use.
  • Retail use is listed as a potential redevelopment option.
  • High traffic and density surround the property.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Skin Care Clinic Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

624
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

Market

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 - Single-family home conversion opportunity for medical, office, or retail use with highway access to the west.
Where is this medical office space located?
The property is located at 8655 S Wabash Ave Chicago, IL.
What are key features of this property?
This property features: Conversion opportunity to redevelop a large single‑family home for medical or traditional office use.; Retail use is listed as a potential redevelopment option.; High traffic and density surround the property.
(312) 257-3252 Call to check price and availability
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