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- LoopNet Team
5117-5159 S Ashland Ave
Chicago, IL 60609
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Custom built medical campus
- 100% triple net leased to Access Community Health Network
- 3 recently developed buildings totaling 34,400 SF
PROPERTY FACTS
ABOUT 5117-5159 S ASHLAND AVE , CHICAGO, IL 60609
A custom built, triple net leased medical office campus on the south side of Chicago is available for sale. The campus, located less than three miles from downtown Chicago, includes three recently developed buildings, totaling 34,400 square feet. The campus is 100% leased to Access Community Health Network, who uses the buildings for family medicine, pediatrics, cardiology, research, OB/GYN, other medical practices and offices. More than 10 years remain on the current lease and there are several renewal options in place. The buildings generate more than $1.2 million in annual rent, with fixed increases set for the duration of the lease. The property is adjacent to a grocery-anchored retail center. At the corner of Ashland and 52nd, roughly 22,800 cars drive by this property daily. The Back of the Yards neighborhood is a mix of residential and commercial properties, with many commercial properties along thoroughfares like Ashland, 51st St. and 47th St.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,014,380 | |
| Land Assessment | $1,027,710 | Total Assessment | $5,042,090 |
PROPERTY TAXES
