875 N Milwaukee Ave, Chicago, IL
Existing dental office space for sale or lease in Chicago.
- 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 usListing office Joseph Rossi & Associates, Inc (JRA) - Corporate (708) 289-7678
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
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 |
Alternative Uses
Current Use by Public Records
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