7101 Exchange Ave Chicago, IL 60649
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Gerractive Clinic / Hospital
- Generactive Clinic / Hospital
- Michelle Martinchek / Geriatric Care Provider
- Dr. Lisa Vargish, MD / Physician / Medical Clinic
- Shellie N. Williams, MD / Geriatric Care Provider
Property Details for 7101 Exchange Ave
- Lot size
- 0.33 lot acres
- Property size
- 6,584 SF
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This 6,584 square foot medical office building in Chicago, IL, presents a compelling net lease investment opportunity. Located at 7101 S Exchange Ave, this fee-simple property boasts a 100% occupancy rate with a long-term lease (expiring 06/30/2024) to a University of Chicago Medical Outpatient Health clinic. The lease, commencing July 27, 1999, includes two five-year renewal options and features a 2% annual rental increase, providing a hedge against inflation. The property sits on a 0.33-acre lot and offers a strong 7.75% cap rate with a current NOI of $152,000. The asking price is $1,961,209. This prime location within a thriving medical corridor offers excellent access and high visibility. The affiliation with a top-tier healthcare institution and ongoing community development contribute to the property's strong investment potential. Detailed lease information is available upon request. This is a rare opportunity to acquire a stable, high-performing medical office building with significant long-term growth prospects.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.566
- Latitude
- 41.7659
