Finally, we have a new and superb optometry practice listed for sale in Illinois. Located in a highly desirable and affluent suburb of Chicago, this optometry practice purchase opportunity in Illinois should fly off the market, especially at such an affordable price! The bank will finance 100% of this purchase even for those ODs who are still in heavy school loan debt. The practice pulls in close to $700,000 in gross revenues with 32% margins bringing its owner about $220,000 in Discretionary Net Income. If you see patients more frequently per hour / per day, like what is customary these days, this practice can quickly become an $850,000+ grossing practice with its new owner generating $300,000 or more in discretionary net income. You can also implement some cost cutting to increase that number, which we can advise on. The best part is you’re not paying a price as if the gross or nets were already that high and you achieve this without ever having to work a weekend!
Chicago offers well-documented reasons to both live in and build a practice here. Time Out named Chicago one of the 50 best cities in the world for 2026 (#41), citing a 94% approval rating for its food and arts scene — the third-highest of any city surveyed — along with a strong sense of community, with 70% of locals saying they feel a real sense of belonging and 68% describing the city as diverse, friendly, and welcoming (Time Out Chicago, “Chicago was just named one of the best cities in the world for 2026”). Niche.com independently ranks Chicago #9 among the Most Diverse Cities in America and #21 among the Best Cities for Young Professionals in America, pointing to a deep, varied talent pool and patient base (Niche.com, Chicago, IL Rankings). The northwest-side suburb where the practice itself is located earns an overall Niche grade of A, anchored by an A+ for nightlife, an A for public schools and for being good for families, and A- marks for diversity, health & fitness, outdoor activities, and commute, along with being rated one of the Best Suburbs for Young Professionals in Illinois — making it an attractive, family-friendly community to live in and draw patients from. That local strength sits on top of a booming state economy: Illinois’ GDP hit a record $1.23 trillion in 2025 and grew 5.85% year-over-year, outpacing both the national growth rate and the broader Great Lakes region, according to newly released federal data cited by the Governor’s office (Office of Governor JB Pritzker, “New Federal Data Shows Illinois Economy Surpasses $1.2 Trillion in 2025”).
The office is pristine, neatly organized, and located in a beautiful ground-level commercial building with relatively recent updates and a remodel. The 2,400 square foot office includes an open-concept optical showroom and dispensary tied in with the front desk area; 2 fully equipped exam lanes with one more ready to outfit if needed; pre-exam room; CL room with sink; CL training area with a sink; private OD office; business office; break room with a sink; back seating area; storage room; and more. The practice converted to EMR over 10 years ago with computers networked throughout the office. Over 500 frames fill the custom optical displays along with other custom furnishings. The practice has always maintained cutting-edge medical equipment, including an Optos, Topographer, Fundus Camera, Auto KS, Ref, Tonometer, and new computers, among other valuable assets.
The practice has a strong online presence with many 5-star patient reviews. All systems are in place, making this a true “turnkey” opportunity. All you have to do is take over seeing patients full-time and let the staff run the operations as usual. In exchange you will reap all the financial benefits, clinical autonomy, liberty, and prosperity that practice ownership offers. The bank will finance 100% of the practice purchase price and the practice income will pay off the loan, leaving you with more income after-debt than you can earn as an employed OD. Practice ownership is truly the only way to get ahead in this industry! Appointments are booked out about 4-weeks, leaving an open door for a buyer to see more patients per hour/per day and, as a result, significantly increase both revenues and net income. With 20,000 patient records on file, a consistent history of financial strength year-over-year, and a strong and growing local economy, the growth opportunities at this practice are unparalleled.
This represents a unique opportunity to buy an optometry practice in the Chicagoland area, which doesn’t come around often. This private practice purchase is suitable for a first-time optometrist buyer, an existing practice owner seeking expansion, an institutional buyer, or a private equity group. Enjoy the benefits of private practice ownership and financial / clinical freedom as the new owner of this practice!
The seller OD will assist in a smooth transition, which is included in the price.
For more information, including a comprehensive practice appraisal report, please complete our Buyer Registration Form and Confidentiality Agreement.