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Greenwood Center Office/Medical Campus
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8741 S Greenwood Ave, Chicago, IL 60619

Four-building office/medical campus in Chatham neighborhood with recent renovations.

Space Size800 SF - 7,525 SF
Property Size9,780 SF
Days on Market1952

Property Features for 8741 S Greenwood Ave

General Information

Standard status Active
Size 800 SF - 7,525 SF
Class A
Property subtype Office
Lease Type NNN

Building Details

Building Size 9,780 SF
Tenancy Multiple

Spaces For Lease

at 8741 S Greenwood Ave Contact us

1111 E. 87th St.

Size
7,525 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

8741 S. Greenwood Ave

Size
1,124 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

8741 S. Greenwood Ave

Size
1,989 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

8751 S. Greenwood Ave

Size
1,200 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

8751 S. Greenwood Ave

Size
3,600 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

8741 S. Greenwood Ave

Size
810 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

1111 E. 87th St.

Size
1,100 SF
Type
Office
Availability
Active
Contact us

1111 E. 87th St.

Size
2,000 SF
Type
Office
Availability
Active
Contact us

1111 E. 87th St.

Size
4,400 SF
Type
Office
Availability
Active
Contact us

8741 S Greenwood Ave

Size
800 SF
Type
Office
Availability
Active
Contact us

8751 S. Greenwood Ave

Size
1,200 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Keystone Commercial Real Estate
Listed By: Ryan Kattoo · License #MI 6502370579
Source: Crexi
Added: Apr 21, 2021 Changed: Aug 22 Last Checked: Aug 23 at 2:59AM

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 Keystone Commercial Real Estate

Investment Insights

Based on property information with market context.

Greenwood Center is a four-building office/medical campus located in the highly desirable Chatham neighborhood. The property is in an opportunity zone and has a wide variety of tenants including doctors, dentists, educators, general contractors, journalists, and other various service providers. The property is under new ownership and has gone through significant beautification and renovation. Traffic counts exceed 60,000 vehicles per day, and the location offers access to public transportation. Greenwood Avenue is a prominent street running through the Hyde Park neighborhood on Chicago's South Side. Historically significant, it is known for its well-preserved architecture, featuring a mix of Victorian-era mansions, brownstone buildings, and modern developments. The street is home to various businesses, including local shops, restaurants, and cafes catering to both residents and visitors. Additionally, Greenwood Avenue hosts cultural institutions such as art galleries and theaters, contributing to the area's vibrant arts scene. Greenwood Avenue intersects with other major thoroughfares, providing convenient access to public transportation and nearby attractions. Its tree-lined sidewalks and landscaped medians add to the neighborhood's charm and appeal. Overall, Greenwood Avenue serves as a central artery in Hyde Park, contributing to the area's identity as a diverse and culturally rich community within the city of Chicago.

Key Highlights

  • Located in the highly desirable Chatham neighborhood.
  • Significant beautification and renovation under new ownership.
  • Opportunity Zone location.

Property Analytics

Current Use

Citizen Newspaper Group Publishing House Comprehensive Prosthetics & Orthotics Orthotics & Prosthetics Service Robinson Carmelita R ... Physician Ada S. McKinley ... Charitable Organization Lpnai Employment Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Auto Parts 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

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

927
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

Lease Benchmarks for Chicago, IL

$28.33 /SF/Yr
Avg Asking Price
$8–$95 /SF/Yr
Price Range
27,251 SF
Avg Space Size

This space is priced 36% below the average of $28.33 /SF/Yr.

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Medical Office Space - Four-building office/medical campus in Chatham neighborhood with recent renovations.
Where is this medical office space located?
The property is located at 8741 S Greenwood Ave Chicago, IL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Located in the highly desirable Chatham neighborhood.; Significant beautification and renovation under new ownership.; Opportunity Zone location.
(248) 406-7112 Call to check price and availability
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