Log In/Sign Up
Your email has been sent.
10601 S Western Ave 4,400 SF Retail Building Chicago, IL 60643 $2,213,493 ($503.07/SF) 6.75% Cap Rate
Investment Highlights
- Single-Tenant NNN Investment guaranteed by Smile Partners Dentistry USA (National DSO) with 11 years of lease term remaining
- Healthcare / Dental Tenancy – recession-resistant, service-oriented use with strong location dependency
- Established Chicago Infill Location along the high-traffic Western Avenue corridor
- True Triple-Net Lease – tenant responsible for taxes, insurance, and maintenance
- Established Chicago Infill Location along the high-traffic Western Avenue corridor
- Excellent Visibility & Access with strong daily traffic exposure
Executive Summary
Offered for sale is a stabilized, single-tenant NNN investment occupied by Perfect Smiles Dentistry and corporately guaranteed by Smile Partners USA, a national dental services organization.
The property features a true triple-net lease with approximately 11 years of remaining term, delivering long-term, passive income with minimal landlord responsibilities. Dental tenancy provides recession-resistant demand, high patient retention, and strong location dependency supported by significant build-out investment and an established patient base.
Located in a dense Chicago infill trade area with excellent visibility and access, the site is surrounded by established residential neighborhoods and complementary medical and retail uses—supporting consistent traffic and long-term tenancy.
An ideal opportunity for 1031 exchange buyers and investors seeking durable, healthcare-backed income.
The property features a true triple-net lease with approximately 11 years of remaining term, delivering long-term, passive income with minimal landlord responsibilities. Dental tenancy provides recession-resistant demand, high patient retention, and strong location dependency supported by significant build-out investment and an established patient base.
Located in a dense Chicago infill trade area with excellent visibility and access, the site is surrounded by established residential neighborhoods and complementary medical and retail uses—supporting consistent traffic and long-term tenancy.
An ideal opportunity for 1031 exchange buyers and investors seeking durable, healthcare-backed income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
B
Year Built
1979
Price
$2,213,493
Price Per SF
$503.07
Cap Rate
6.75%
NOI
$149,411
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.13 AC
Zoning
B4-1, Chicago
Parking
6 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
120’ on Western Ave
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-18-122-001-0000 | Total Assessment | $40,620 |
| Land Assessment | $19,875 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $20,745 | Tax Year | 2025 |
Property Taxes
Parcel Number
25-18-122-001-0000
Land Assessment
$19,875
Improvements Assessment
$20,745
Total Assessment
$40,620
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
10601 S Western Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.