Listed by SVN | Chicago Commercial
$1,350,000
7000 W North Avenue
Details
APN 13-31-323-048-0000, 13-31-323-034-0000
Property Type Office
Sub Type Medical Office
Square Footage 16,423
Net Rentable (SqFt) 17,850
Units 17
Cap Rate 8.29%
NOI $111,860
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $82
Broker Co-Op Yes
Class B
Year Built 1980
Year Renovated 2021
Buildings 1
Stories 3
Acreage 0.280
Zoning Commercial
Investment Type Value Add
100 % Leased Multi Use Office Property with Upside
Marketing description
Multi-Tenant Story Atrium style building located in the Galewood Neighborhood on far west side of Chicago. Property has good access to public transportation. Located near 2 hospitals and urgent care makes this property a good candidate for medical use. Solid demographics in the area include Oak Park and River Forest areas. Included in the price is the neighboring 3,750 sq. ft. lot with a garage/structure that could be developed or turned into additional parking. The garage currently has a month-to-month lease that is included in the rent rolls. The land and building are to be sold together with opportunities for an owner-user, investor or developer to be near the planned redevelopment of Galewood's former Sears at the corner of Harlem Ave. and North Ave. by Tucker Development and Seritage Growth Properties into a mixed-use development with retail, apartments and townhomes.
Located on the in Galewood neighborhood on the border of Oak Park. Just a 1/2 mile east of Harlem Avenue at the northwest corner of North Sayre Avenue. Near two hospitals (2.5 miles from Rush Oak Park Hospital & 2.2 miles from Gottlieb Memorial Hospital) and 0.8 miles east of
Investment highlights
- 100 % Leased Office Building
- Owner Capital Improvements include New HVAC Units, New Roof, New Signage
- Covered, Surface and Street parking
- Additional Lot Included for potential parking or expansion
- 1/2 block from North and Harlem Ave Intersection
- 1/2 block from planned Sears redevelopment
- Minutes Rush Oak Park, West Suburban, Shriner's Children Hospitals
- Near Several Urgent Care and Health Clinics
Listing Contacts
Listed by SVN | Chicago Commercial
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,860.00
$9,321.67/mo
Valuation Metrics
0
DSCR
8.29%
Cap Rate
8.29%
ROI
Map
Zoning
B1-2 CommercialNeighborhood CommercialNeighborhood Shopping District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 134 uses
View all 134 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Is there information that looks off?
