4909 W Division St - Medical FOR SALE


Chicago, IL 60651- Austin
$5,000,000 USD
773-895-9750
4909 W Division St, Chicago, IL for Sale
$5,000,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

4909 W Division St
Chicago, IL 60651
Austin


HIGHLIGHTS

  • Six-story professional office building with renovated lobby and modern infrastructure.
  • On-site security, ADA accessibility, and multiple elevators for tenant convenience.
  • Excellent visibility with pylon signage and strong traffic counts along Division Street.
  • Prime location with CTA bus service at the door and proximity to major Chicago transit lines.

OVERVIEW

4909 W Division Street presents a compelling investment or owner-user opportunity in Chicago’s Austin neighborhood. This six-story, Class B office building spans over 75,000 square feet and is currently 74% leased, offering immediate income with significant upside potential through lease-up of remaining space. The property is priced at $5,000,000, equating to an attractive cost basis for a multi-tenant medical and professional office asset in a dense urban market. The building features a renovated lobby, multiple elevators, and ADA accessibility, ensuring a professional and welcoming environment for tenants and visitors. On-site security, pylon signage, and three parking lots enhance convenience and visibility. The tenant mix includes medical practices, a charter school, a credit union, and nonprofit organizations, creating a stable and diverse occupancy profile. Strategically located along Division Street, the property benefits from strong traffic counts of over 15,000 vehicles per day and excellent public transit connectivity, with CTA bus route #70 stopping directly in front and linking to both the Red and Blue Lines. The surrounding area boasts nearly 40,000 residents within one mile and over 190,000 within two miles, providing a robust customer and patient base. With its combination of in-place income, value-add potential, and prime location in a high-demand corridor, 4909 W Division Street is an exceptional acquisition for investors seeking long-term stability and growth.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

PD-9

APN/PARCEL ID

16-04-404-031-0000

ASK ABOUT THIS PROPERTY

Bob HuberImperial Realty CompanyMore Info
773-895-9750

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Bob HuberImperial Realty CompanyMore Info
773-895-9750

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.