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    OFF-MARKET
    Retail properties & Spaces

    612 Western Ave, Chicago, IL 60612

    1,700 SF Built 2008
    Property ID
    Property summary
    AI-generated overview

    This 1,700 square foot medical office condo, located at 612 S Western Ave in Chicago's Cook County (zip code 60612), is offered at $589,900. Built in 2008 and renovated in 2022, this first-floor unit boasts a prime location near the UIC campus. The space features a front reception area (16.4 x 16 feet), a front office (8 x 12 feet), a pharmacy (7 x 12 feet), and a laboratory (7 x 12 feet). It also includes an open area with office cubicles (13 x 8 feet) and six private offices, with dimensions of 15.5 x 11 feet and 16.2 x 8 feet. Additional amenities include a convenient kitchenette and an ADA-compliant washroom complete with a full shower. The high-quality finishes and thoughtful layout make this property ideal for a variety of medical or professional uses. This is a commercial condominium offering superior facilities and a highly desirable location. The property's excellent condition and modern amenities ensure a seamless transition for any medical practice. This turnkey opportunity presents a rare chance to acquire a well-established and efficiently designed medical office space in a thriving Chicago neighborhood.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2008
    Total area 1,700 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Elemental Center Ltd Medical Clinic
    • Paula Petrosino Counselor Practitioner Service Location
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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