$685,000 USD
818-510-3158
7123-7127 W Archer Ave
Chicago, IL 60638
Garfield Ridge
HIGHLIGHTS
- PRIME LOCATION WITH HIGH VISIBILITY – Strategically located on Archer Avenue (±30,900 VPD) and directly off of Harlem Avenue (±46,800).
- NATIONAL LEADER IN DERMATOLOGY SERVICES – Pinnacle Dermatology is one of the largest and fastest-growing dermatology networks in the U.S.
- LONG TENANT OPERATING HISTORY – The site has offered dermatology services since 1981, originally tenanted by Southwest Dermatology, P.C.
- $70 BILLION INDUSTRY – The global dermatology market is expected to reach $70B by 2027, growing at a compound annual growth rate (CAGR) of 8-9%.
- MEDICAL OFFICE INVESTMENT – Healthcare real estate remains a highly attractive investment due to its resilience in challenging economic climates.
- COMMUNITY DEVELOPMENT AND SUPPORT – The Garfield Ridge neighborhood continues to see positive developments, with ongoing investments in residential.
FOR SALE DETAILS
PRICE
$685,000 USD
PRICE/SF
$200 USD /SF
CAP RATE
7.38%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1940
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
CROSS STREETS
S Harlem Ave.
LAND ACRES
0.08 AC
LAND SF
3,485 SF
ZONING
50
APN/PARCEL ID
19-18-101-001-0000
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818-510-3158
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818-510-3158
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