www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33341004
33341003

4732 N Lincoln Avenue, Chicago, IL 60625

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
WB
IL 475.205263
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters
$9,331,000
1 day on market
Updated 1 day ago

Northwestern Medicine Lincoln Square

Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 11,000
Cap Rate 5.75%
NOI $535,989
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 15
Lease Expiration 01/31/2037
Remaining Term 10.7
Rent Bumps Yes
Lease Options Four (4), Five-Year Options. The lesser of 90% FMV or a guaranteed max rate not to exceed 103% of the Base Rent in the last year of the term
Year Built 1917
Year Renovated 2021
Acreage 0.140
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/20/2022
Ground Lease No

Retail | 5.75% CAP | 11,000 SqFt

Marketing description

JLL is pleased to offer the opportunity to acquire Northwestern Medicine Lincoln Square, a multi-specialty medical facility located at 4732 N Lincoln Avenue, Chicago, IL (the "Property" or "Asset"). The Asset is leased to Northwestern Memorial Hospital (the "Tenant") with 10.9 years remaining, featuring 1.50% annual rent increases and four, five-year renewal options.

The Property serves as an integrated healthcare hub providing comprehensive dermatology, primary care, and immediate care services for North Side Chicago residents. Northwestern Medicine stands as one of the nation's premier integrated academic healthcare systems, operating 11 hospitals across the Chicago metropolitan area with over 4,300 licensed beds and serving more than 4.5 million patients annually. The system is investment grade, receiving an AA+ rating from S&P, placing it among the highest-rated healthcare systems in the United States, with total operating revenue exceeding $10.6 billion and robust liquidity exceeding $3 billion in cash and investments.

The Asset is strategically positioned in Lincoln Square's thriving commercial corridor along Lincoln Avenue, one of Chicago's most desirable and densely populated North Side neighborhoods. The location benefits from exceptional transit connectivity, including proximity to the Western CTA station, and serves an established population base of over 2 million residents within a 15-minute drive. The surrounding area features affluent demographics with an average household income of $122K+ within a 5-mile radius and over 1.1 million residents.

The Property is situated in a highly walkable community with dense multi-family development, drawing from adjacent high-value neighborhoods including Ravenswood, North Center, Albany Park, and West Lakeview—communities known for educated, health-conscious demographics with strong healthcare utilization patterns. The location generates 65,000 vehicles per day at the intersection, providing excellent visibility and consistent traffic flows.

This unique opportunity offers investors the ability to acquire a healthcare asset in a major metropolitan area with strong economic fundamentals.

Investment highlights

  • AA+ Northwestern Medicine Credit Rating (S&P)
  • 1.5% Annual Rent Escalations
  • $10B+ Tenant Total Revenue (FY2025)
  • +11.3% Tenant Revenue Growth from FY2024 to FY2025
  • 1.1M Residents within a 5-Mile Radius
  • $122K Average Household Income, 5-Mile Radius
  • 65K Vehicles Per Day At Intersection
  • 10.9 Years of Lease Term Remaining

Listing Contacts

MM
IL IL 475.189943
JLL Chicago | Americas Headquarters
AS
IL 475.170243
JLL Chicago | Americas Headquarters
WB
IL 475.205263
JLL Chicago | Americas Headquarters
Listed by JLL Chicago | Americas Headquarters

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
$535,989.00
$44,665.75/mo

Valuation Metrics

0
DSCR
5.74%
Cap Rate
5.74%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Mohsin Mirza
License
IL 475.189943
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591