Single-Story Medical Office
9629 SOUTHWEST Highway, Oak Lawn, IL 60453
For Sale
$329,000
Commercial Sale, Oak Lawn, IL
Property Size1,200 SF
Lot Size0.20 Acres
Price / SF$274.17
Days on Market189
Property Features for 9629 SOUTHWEST Highway
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Amenities
skylights
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Century 21 Circle · Coldwell Banker Real Estate
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: May 5
Changed: Oct 24
Last Checked: Nov 9 at 5:06AM
MLS# 12638601
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This single-story medical office space is in immaculate condition and currently configured for professional medical use. The interior includes a reception area, three private exam rooms, two restrooms, a dedicated office, and storage. Wood, tile, and carpet flooring are complemented by central air and three skylights that bring natural light into the building. Brick and concrete construction, a rubber roof, and a 1980 build year complete the physical profile.
The property is positioned at Southwest Highway and 95th Avenue in Oak Lawn, within a dense mixed-use business corridor. Little Company of Mary and Advocate Christ Hospital are nearby, while Target, K Mart, and Jewel Foods provide surrounding retail anchors. Front and rear parking areas are provided, with access to major roads and interstates within a short distance. Zoning is identified as OFFIC.
The property is positioned at Southwest Highway and 95th Avenue in Oak Lawn, within a dense mixed-use business corridor. Little Company of Mary and Advocate Christ Hospital are nearby, while Target, K Mart, and Jewel Foods provide surrounding retail anchors. Front and rear parking areas are provided, with access to major roads and interstates within a short distance. Zoning is identified as OFFIC.
Key Highlights
- Medical office configured with reception, 3 private exam rooms, 2 restrooms, office, and storage
- Single‑story 1980 building with brick and concrete construction
- 3 skylights provide natural light throughout the interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,107
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,140
$342.1K
Cap Rate 7%
$244,386
$244.4K
Cap Rate 9%
$190,078
$190.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.7K $26.40/SF
− Vacancy
−$8.9K −$7.39/SF
EGI
$22.8K $19.01/SF
− OpEx
−$5.7K −$4.75/SF
NOI
$17.1K $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%
$342,140
Cap Rate 7%
$244,386
Cap Rate 9%
$190,078
Alternative Uses
Best Use
Office B
$244.4K
$213.8K – $285.1K
NOI $17,107 @ 7.0% cap · market cap 5.20%
Second Best
Healthcare Medical
$227.1K
$198.7K – $265.0K
NOI $15,898 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$460.8K
$403.2K – $537.6K
NOI $32,256 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Under-served
Demand for This Use
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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
$267,900
Median Home Value
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Market
Average Price Trend$/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
Similar Off Market Nearby
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- Paws — 6200 95th St, Oak Lawn, IL 60453
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick building with reception, private exam rooms, restrooms, storage, and natural light from skylights.
Where is this medical office space located?
The property is located at 9629 SOUTHWEST Highway 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: Medical office configured with reception, 3 private exam rooms, 2 restrooms, office, and storage; Single‑story 1980 building with brick and concrete construction; 3 skylights provide natural light throughout the interior
