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    Dental Office in River West Title is generated by Realmo AI

    875 N Milwaukee Ave, Chicago, IL

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    Existing dental office space for sale or lease in Chicago.

    Type:OFFICE
    Property size:
    2,900 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $327/SF
    Added:
    Jul 25, 2025
    Days on Market:
    336
    Last Refresh:
    May 19 at 10:44 pm

    Property Features for 875 N Milwaukee Ave

    General Information

    Standard status
    Active
    Size
    2,900 SF
    Lot size
    0.16 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 875 N Milwaukee Ave Contact us

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    Sam Tamimi
    Sam Tamimi

    Listing office Joseph Rossi & Associates, Inc (JRA) - Corporate

    Listing date Jul 25, 2025

    Source Moodyscre

    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 Joseph Rossi & Associates, Inc (JRA) - Corporate

    HighLights

    • Existing dental office featuring 6 operatories, lab/sterilization area, and other essential rooms.
    • Prime location at the intersection of Milwaukee and Racine in the River West neighborhood.
    • Easy access to I‑90/94.
    • Strong residential population in the immediate area.
    • Spacious waiting area.
    • Suitable for start‑up, relocation, or expansion.

    Overview

    An existing dental office is available for sale or lease in the River West neighborhood. The property is located at the intersection of Milwaukee and Racine, providing convenient access to I-90/94. The surrounding area features a strong residential population. The office space includes 6 operatories, a spacious waiting area, a lab/sterilization area, a break room, and a storage room. The property has a total size of 2900 square feet. This location presents an opportunity for a start-up, relocation, or expansion.

    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 $111.4k $38.40
    − Vacancy −$28.4k −$9.79
    EGI $83.0k $28.61
    − OpEx −$20.7k −$7.15
    NOI $62.2k $21.46
    2,900 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $888.9K
    $777.8K – $1.04M (±1% cap)
    NOI $62,222 @ 7.0% cap · market cap 6.55%
    Second Best
    Healthcare Medical
    $548.8K
    $480.2K – $640.3K (±1% cap)
    NOI $38,419 @ 7.0% cap · market cap 4.04%
    Theoretical Best
    Office A
    $1.37M
    $1.20M – $1.60M (±1% cap)
    NOI $95,714 @ 7.0% cap · market cap 10.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverwest Smile Center Dental Office Tina Smothers Photography Photography Service Dental Practice Development Dental Office Racine Tower Condo ... Condominium Complex

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wicker Park Veterinary Clinic — 1166 N Milwaukee Ave, Chicago, IL 60642
    • GoodVets Wicker Park — 1819 W Division St Suite 100, Chicago, IL 60622
    • Seadog Sushi Bar — 3344 1500 W Division St, Chicago, IL 60642

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6578
    Latitude
    41.898

    FAQs

    What type of property is this?
    Medical Office Space - Existing dental office space for sale or lease in Chicago.
    Where is this medical office space located?
    The property is located at 875 N Milwaukee Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Existing dental office featuring 6 operatories, lab/sterilization area, and other essential rooms.; Prime location at the intersection of Milwaukee and Racine in the River West neighborhood.; Easy access to I‑90/94.
    (708) 289-7678 Call to check price and availability
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