7101 S Exchange Ave | Chicago, IL 60649
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7101 S Exchange Ave
Chicago, IL 60649
University of Chicago Medical Outpatient · Health Care Property For Sale · 1 Bed
Investment Highlights
- Prime Location in a Thriving Medical Corridor
- Excellent Access and High-Visibility Hard Corner Location
- Ongoing Community Development and Economic Growth
- Long-Term Net Lease with a Premier Healthcare Tenant
- Affiliation with a Top-Tier Healthcare Institution
- Favorable Demographics Supporting Healthcare Demand
Executive Summary
Northmarq is pleased to present for sale to qualified investors the opportunity to purchase a fee simple interest in the UChicago Medical Outpatient Health Clinic, located at 7101 S Exchange Ave, Chicago, IL (the “Property”).
The Property consists of a 6,584-square-foot freestanding building situated on a 0.33-acre parcel of land. The tenant operates under a recently renewed long-term lease, with 10 years remaining and two (2), five (5)-year options to extend. Additionally, the lease includes two percent annual rental increases, offering consistent growth and protection against inflation.
For further details, please contact the broker for an Offering Memorandum.
Property Location and Market Context:
The Property is located in Chicago, Illinois—a major urban center with a robust healthcare system that is a key contributor to the local economy. Chicago is home to prominent healthcare institutions, including the University of Chicago Medical Center and Northwestern Medicine, both ranked in the Top 10 nationally for research, clinical care, and hospital services. These institutions, alongside Rush University Medical Center, Advocate Health Care, and Loyola University Medicine, treat millions of patients each year. Chicago’s large and diverse population ensures a stable and growing tenant base for medical facilities.
Strategic Location:
The Property is strategically positioned near major thoroughfares, offering excellent visibility and accessibility. Situated in a vibrant area surrounded by residential neighborhoods and retail establishments, this prime location, combined with Chicago’s commitment to healthcare and urban development, makes the Property an attractive investment for healthcare-focused tenants.
The Property consists of a 6,584-square-foot freestanding building situated on a 0.33-acre parcel of land. The tenant operates under a recently renewed long-term lease, with 10 years remaining and two (2), five (5)-year options to extend. Additionally, the lease includes two percent annual rental increases, offering consistent growth and protection against inflation.
For further details, please contact the broker for an Offering Memorandum.
Property Location and Market Context:
The Property is located in Chicago, Illinois—a major urban center with a robust healthcare system that is a key contributor to the local economy. Chicago is home to prominent healthcare institutions, including the University of Chicago Medical Center and Northwestern Medicine, both ranked in the Top 10 nationally for research, clinical care, and hospital services. These institutions, alongside Rush University Medical Center, Advocate Health Care, and Loyola University Medicine, treat millions of patients each year. Chicago’s large and diverse population ensures a stable and growing tenant base for medical facilities.
Strategic Location:
The Property is strategically positioned near major thoroughfares, offering excellent visibility and accessibility. Situated in a vibrant area surrounded by residential neighborhoods and retail establishments, this prime location, combined with Chicago’s commitment to healthcare and urban development, makes the Property an attractive investment for healthcare-focused tenants.
PROPERTY FACTS
| Price Per Bed | £1,560,181 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 6,584 SF |
| Net Initial Yield | 7.75% | No. Beds | 1 |
| Property Type | Health Care | Number of Floors | 1 |
| Building Class | C | Year Built | 1999 |
| Price Per Bed | £1,560,181 |
| Sale Type | Investment |
| Net Initial Yield | 7.75% |
| Property Type | Health Care |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,584 SF |
| No. Beds | 1 |
| Number of Floors | 1 |
| Year Built | 1999 |
PROPERTY TAXES
| Parcel Number | 21-30-101-024-0000 | Improvements Assessment | £105,572 |
| Land Assessment | £29,071 | Total Assessment | £134,643 |
PROPERTY TAXES
Parcel Number
21-30-101-024-0000
Land Assessment
£29,071
Improvements Assessment
£105,572
Total Assessment
£134,643
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