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4607 W 103rd St, Oak Lawn, IL 60453

Vacant medical office space, convertible to professional office or retail.

Space SizeContact for details
Days on Market1012

Property Features for 4607 W 103rd St

General Information

Standard status Active
Property subtype Office
Lease Type Gross

Building Details

Tenancy Single
Listing Agency: Dearborn Asset Management Services Inc
Listed By: Brian Corcoran · License #IL 471005655
Source: Crexi
Added: Nov 13, 2023 Changed: Aug 15 Last Checked: Aug 21 at 8:29AM

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 Dearborn Asset Management Services Inc

Investment Insights

Based on property information with market context.

This recently vacated medical office space features exam rooms and is situated in a neighborhood center with professional tenants. The unit can be converted to a professional office or retail space. Located blocks east of Cicero Avenue on the corner of Know and 103rd Street, it is directly across from the Jewel Food Shopping Center. The center is easily accessible and visible on 103rd Street and offers ample parking. Door, window, and monument signage are available. The gross lease structure allows for predictable rent throughout the lease term.

Key Highlights

  • High‑visibility location on 103rd Street, directly across from Jewel Food Shopping Center.
  • Ample parking available.
  • Gross lease structure provides predictable rent costs.

Property Analytics

Current Use

Lemon K Salon Hair Salon Strands Hair Salon Hair Salon

Suggested Use

Top Pick Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Daycare Center Building Supply Furniture & Home Goods

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

931
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60453, IL

58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Vacant medical office space, convertible to professional office or retail.
Where is this medical office space located?
The property is located at 4607 W 103rd St Oak Lawn, IL.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: High‑visibility location on 103rd Street, directly across from Jewel Food Shopping Center.; Ample parking available.; Gross lease structure provides predictable rent costs.
More about this property
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