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    1810 Chicago Ave Chicago, IL 60622

    Sponsored
    For Lease
    $30 SF/Yr

    8 Exam Rooms, 1800 SF, High-Income Area

    Lot size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,800 square foot medical office building, located at 1810 W Chicago Avenue in Chicago's West Town neighborhood, presents a unique investment opportunity. The single-tenant property features eight exam rooms, each equipped with plumbing stubs, a reception area, a business office, and two restrooms. The building is fully handicap accessible and situated on a 0.07-acre lot. Constructed in a three-story building (Class B), it underwent renovations in 2011. The B3-2 zoning allows for a variety of uses. While off-street parking isn't mandated for medical offices under 4,000 square feet, limited rear surface parking is available. This prime location boasts exceptional demographics, with over 57,000 residents within close proximity and an average household income exceeding $174,000. The surrounding area offers a wealth of retail amenities, including restaurants, grocery stores, and various services, all within a short distance. This property is ideal for medical professionals seeking a well-equipped space in a thriving, high-income neighborhood. The building's convenient location and strong surrounding demographics make it an attractive investment opportunity. The property is easily accessible via Wood Street. Cook County location.

    Property Features for 1810 Chicago Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,800 SF
    Class
    B

    Building Details

    Year Renovated
    2011
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    1,800 SF
    Rate per SF
    $30

    HighLights

    • 1800 SF medical office building with 8 exam rooms, business office, reception area, and two restrooms.
    • Single‑tenant occupancy.
    • Located in Chicago's West Town neighborhood.
    • B3‑2 zoning.
    • 0.07‑acre lot.
    • Renovated in 2011.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Angela B. ... Pediatrician George Tsatsos DPM Podiatrist Villalba Roger A Urologist Rachel Shara Zorger ... Podiatrist Feeney Carlos H ... Family Practice Physician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.672616627743
    Latitude
    41.896003327616

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    FAQs

    What type of property is this?
    Individual retail property - 8 Exam Rooms, 1800 SF, High-Income Area
    Where is this individual retail property located?
    The property is located at 1810 Chicago Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 1800 SF medical office building with 8 exam rooms, business office, reception area, and two restrooms.; Single-tenant occupancy.; Located in Chicago's West Town neighborhood.
    Request Owner's contact information
    1810 Chicago Ave Chicago, IL 60622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1810 Chicago Ave Chicago, IL 60622
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