Single-Story Medical Office
9629 Southwest Hwy, Oak Lawn, IL 60453
For Sale
$329,000
Medical office with private exam rooms, reception, storage, skylights, and parking at a mixed-use business corridor.
Property Size1,100 SF
Price / SF$299.09
Days on Market362
Property Features for 9629 Southwest Hwy
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Year Built
Buildings
Stories
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Source:
Searchillinoishomesforsale
Added: Nov 13, 2025
Changed: Nov 1
Last Checked: Nov 8 at 7:07AM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
This single-story medical office at 9629 Southwest Hwy is configured for professional operations, with a reception area, three private exam rooms, two restrooms, a dedicated office, and a storage room. Three skylights provide natural light throughout the approximately 1,100-square-foot space. Front and rear parking areas serve the building, which was constructed in 1980 and is currently used as a medical office.
The property is positioned at Southwest Hwy and 95th Ave. within a dense business mixed-use corridor. Little Company of Mary and Advocate Christ Hospital are nearby, with Target, K Mart, and Jewel Foods among the surrounding retail anchors. Major roads and interstates are within a short distance, supporting access for patients, staff, and customers.
The property is positioned at Southwest Hwy and 95th Ave. within a dense business mixed-use corridor. Little Company of Mary and Advocate Christ Hospital are nearby, with Target, K Mart, and Jewel Foods among the surrounding retail anchors. Major roads and interstates are within a short distance, supporting access for patients, staff, and customers.
Key Highlights
- Approximately 1,100‑square‑foot medical office
- Three private exam rooms and two restrooms
- Reception area, dedicated office, and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,682
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,640
$313.6K
Cap Rate 7%
$224,029
$224.0K
Cap Rate 9%
$174,244
$174.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$29.0K $26.40/SF
− Vacancy
−$8.1K −$7.39/SF
EGI
$20.9K $19.01/SF
− OpEx
−$5.2K −$4.75/SF
NOI
$15.7K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,640
Cap Rate 7%
$224,029
Cap Rate 9%
$174,244
Alternative Uses
Best Use
Office B
$224.0K
$196.0K – $261.4K
NOI $15,682 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$208.2K
$182.2K – $242.9K
NOI $14,573 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,568 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$267,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Cook County, IL
Properties on Market for Medical Office Space in Cook County
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office with private exam rooms, reception, storage, skylights, and parking at a mixed-use business corridor.
Where is this medical office space located?
The property is located at 9629 Southwest Hwy Oak Lawn, IL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Approximately 1,100‑square‑foot medical office; Three private exam rooms and two restrooms; Reception area, dedicated office, and storage room
