Property profile

7310 North Ave Elmwood Park, IL 60707

OFF-MARKET
Retail properties & Spaces
17,300 SF 0.23 ac lot Built 1967
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Property summary

AI-generated overview

This four-story, 17,300 square foot medical office building is located at 7310 W North Ave, Elmwood Park, IL 60707. The property features 21 parking spaces (14 surface, 7 garage) and sits on a 0.23-acre lot with 79 feet of frontage on North Avenue, a high-traffic road with 30,500 vehicles per day. Currently 49.97% occupied, the building offers a modified lease with a multi-tenancy structure and four years remaining on the lease term. Built in 1967, the building includes multiple modern, fully built-out dental offices and a ground-level restaurant. Three floors are available for various professional medical or office uses. The asking price is $1,795,000 ($123/sq ft), with a current NOI of $24,322. Recent improvements include all exterior windows being replaced and a new roof membrane installed in 2024. This presents an excellent opportunity for owner-occupied medical practices or value-add investors seeking a prime location in a dense urban market with high visibility and ample parking. The property's location near the intersection of Harlem Ave and North Ave provides excellent signage opportunities and easy access.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1967
Total area 17,300 SF
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Training Center
  • Dental Office
  • Dental Office

Location

7310 North Ave Elmwood Park, IL 60707
Elmwood Park metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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