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Pinnacle Dermatology - Chicago 7123-7127 W Archer Ave 4,186 SF Retail Building Chicago, IL 60638 $665,000 ($158.86/SF) 7.91% Cap Rate

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Investment Highlights

  • PRIME LOCATION WITH HIGH VISIBILITY: Strategically located on Archer Avenue (±30,900 VPD) and directly off of Harlem Avenue (±46,800).
  • LONG TENANT OPERATING HISTORY: The site has offered dermatology services since 1981, originally tenanted by Southwest Dermatology, P.C.
  • MEDICAL OFFICE INVESTMENT: Healthcare real estate remains a highly attractive investment due to its resilience in challenging economic climates.
  • NATIONAL LEADER IN DERMATOLOGY SERVICES: Pinnacle Dermatology is one of the largest and fastest-growing dermatology networks in the U.S.
  • $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%.

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,186 SF
Building Class
C
Year Built/Renovated
1940/2022
Price
$665,000
Price Per SF
$158.86
Cap Rate
7.91%
NOI
$52,577
Tenancy
Single
Building Height
1 Story
Building FAR
0.64
Lot Size
0.15 AC
Zoning
50 - Commercial Retail
Parking
5 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
86’ on Archer Ave

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -

Pinnacle Dermatology is a privately held, female-founded dermatology practice headquartered in Brentwood, Tennessee. Established in 2004 by Dr. Paula Lapinski, the company provides medical dermatology, skin cancer care, cosmetic treatments, and plastic surgery through its affiliation with QualDerm Partners. With practitioners across multiple states, Pinnacle operates under a vertically integrated model involving administration, clinical services, and branded patient care. The organization is recognized for its tech-driven platform, including patient portals and telehealth integration, and is known for strategic growth through acquisitions, such as Dermatology Physicians Group in Chicago. The firm’s network also engages in community outreach and emphasizes expert-led skincare services.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - -
Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Portillo's
Pepe's Mexican Restaurants
Buffalo Wild Wings
Byline Bank
Fifth Third Bank
Old National Bank

Property Taxes

Property Taxes

Parcel Number
19-18-101-001-0000
Land Assessment
$12,870
Improvements Assessment
$37,081
Total Assessment
$49,951
  • Listing ID: 35760035

  • Date on Market: 5/6/2025

  • Last Updated:

  • Address: 7123-7127 W Archer Ave, Chicago, IL 60638

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