4909 W Division St 75,216 SF 74% Leased Office Building Chicago, IL 60651 $5,000,000 ($66.48/SF)

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.