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Pinnacle Dermatology 7123-7127 W Archer Ave 4,186 SF Retail Building Chicago, IL 60638 $648,000 ($154.80/SF) 8.11% Cap Rate
Investment Highlights
- PRIME LOCATION WITH HIGH VISIBILITY – On Archer Avenue (±30,900 VPD) and directly off of Harlem Avenue (±46,800), just mins from Midway International
- 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
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,186 SF
Building Class
C
Year Built/Renovated
1940/2022
Price
$648,000
Price Per SF
$154.80
Cap Rate
8.11%
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
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-18-101-001-0000 | Improvements Assessment | $37,081 |
| Land Assessment | $12,870 | Total Assessment | $49,951 |
Property Taxes
Parcel Number
19-18-101-001-0000
Land Assessment
$12,870
Improvements Assessment
$37,081
Total Assessment
$49,951
Contacts
-
Remi Bogdanovich -
Kyle Mackulak -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Pinnacle Dermatology | 7123-7127 W Archer Ave
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