Greenwood Center Office/Medical
For Lease
Contact for pricing
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 Market1998
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 us1111 E. 87th St. Active
Size
1,100 SF
1111 E. 87th St. Active
Size
2,000 SF
1111 E. 87th St. Active
Size
4,400 SF
1111 E. 87th St. Active
Size
7,525 SF
8741 S Greenwood Ave Active
Size
800 SF
8741 S. Greenwood Ave Active
Size
1,124 SF
8741 S. Greenwood Ave Active
Size
1,989 SF
8741 S. Greenwood Ave Active
Size
810 SF
8751 S. Greenwood Ave Active
Size
1,200 SF
8751 S. Greenwood Ave Active
Size
3,600 SF
Show more
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Ryan Kattoo · License #MI 6502370579
(248) 406-7112
Source:
Crexi
Added: Apr 21, 2021
Changed: Sep 7
Last Checked: Oct 7 at 9:17AM
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
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Current Use
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
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$34.01 /SF/Yr
Avg Asking Price
$8–$94 /SF/Yr
Price Range
27,883 SF
Avg Space Size
This space is priced 47% below the average of $34.01 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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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.
