3410 Van Buren StChicago, IL 60624

This exceptional value-add opportunity presents a 23,253-square-foot, single-story medical office building in Chicago, IL. Located at 3410 W Van Buren St, this Class B property sits on a 0.62-acre lot and boasts 45 parking spaces via a ground lease extending to December 31, 2099 (75 years remaining). Currently vacant, the property benefits from a triple-net lease with Fresenius Kidney Care, expiring April 30, 2027, providing a strong leaseback. Built in 2002, the building features 26 exam rooms, 13 offices, a laboratory, ample storage, separate check-in/check-out desks, 7 restrooms, a reception area, waiting area, nurses' station, and a staff lunchroom with lockers. The property enjoys excellent visibility and accessibility, with ingress/egress from Van Buren Street, Homan Avenue, and Trumbull. Its proximity to RML Specialty Hospital (61 beds) and Interstate 290 enhances its strategic location. All municipal services are available, including police, fire, and garbage collection. The asking price is $4,400,000, representing a $189.22 per square foot price and a 5.63% cap rate based on a Net Operating Income (NOI) of $247,772. The property is offered fee simple, presenting a compelling investment opportunity for those seeking a value-add medical office asset in a prime Chicago location. The building is fully equipped as a medical facility.