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Property profile & analytics
FOR SALE
Medical Office Space

1600 S Indiana Ave Chicago, IL 60616

3,000 SF Built 2008
Property ID
US28-1161976
Property summary
AI-generated overview

~3,000 SF of turn-key medical office condo. Four (4) parking spaces. Sale/Leaseback opportunity Discover the allure of the South Loop neighborhood in Chicago, home to the prestigious property at 1600 S Indiana Ave # 2. This vibrant area boasts a mix of historic architecture and modern development, making it a desirable location for office investors. Within walking distance, investors will find McCormick Place, the renowned convention center, and the dynamic dining and entertainment options of Motor Row and Printer's Row. The area's proximity to the lakefront and downtown provides an unbeatable blend of urban convenience and natural beauty, offering an ideal setting for office or office building investment. Short walk from CTA El stations (Red and Orange lines), CTA bus Routes. Short drive from I-90 (Dan Ryan Expressway) or Lake Shore Drive.

Property profile
Verified
Property type Medical Office Space
Year built 2008
Total area 3,000 SF
UPID US28-1161976
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
  • Happy Cleaners (Bike/Boat/Book/etc) Store
  • Volcano Transport Inc Freight Service Logistics Company
  • Catstle Kennel & Boarding Facility
  • Chicago Precision CNC Industrial Manufacturer
  • Anthony Kelley Alternative Medicine Practice
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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