Freestanding Office
8130 N Milwaukee Avenue Niles, IL 60714
8130 N Milwaukee Avenue, Niles, IL, 60714
$529,000
For Sale
$529,000
COMMERCIAL - Niles, IL
Property Size2,800 SF
Lot Size0.07 Acres
Price / SF$188.93
Days on Market132
Property Features for 8130 N Milwaukee Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 09243150080000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 21943
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Wood
- Building materials
- Brick
Listing Agency
Troy Realty Ltd
(773) 792-3000
6625 N Avondale Ave, Chicago, IL
Listed by
Andrzej Olszowka · License #475160900
(773) 792-3000
Added: Mar 9 Checked: Jul 18 at 8:06 am
MLS# 12586987
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding commercial building constructed of brick and configured as a multi-office layout. The interior includes a conference room, kitchen, and restrooms, with a buildout completed in 2009. The space is designed to be flexible for reconfiguration, including potential retail or service layouts subject to zoning, with current month-to-month occupancy providing flexibility for delivery.
Located on Milwaukee Avenue near the Oakton Street commercial corridor, the property offers strong street exposure. The building sits on a wide lot with approximately 8 on-site parking spaces and visibility supported by an estimated 27,000 vehicles per day.
Zoning is listed as COMMR, and the property is offered for sale with showings by appointment only.
Located on Milwaukee Avenue near the Oakton Street commercial corridor, the property offers strong street exposure. The building sits on a wide lot with approximately 8 on-site parking spaces and visibility supported by an estimated 27,000 vehicles per day.
Zoning is listed as COMMR, and the property is offered for sale with showings by appointment only.
Key Highlights
- High‑visibility location on Milwaukee Avenue with 27,000 vehicles per day.
- Approximately 2,800 SF freestanding brick building.
- Approximately 8 on‑site parking spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.5k | $24.48 |
| − Vacancy | −$17.1k | −$6.10 |
| EGI | $51.5k | $18.38 |
| − OpEx | −$12.9k | −$4.60 |
| NOI | $38.6k | $13.79 |
2,800 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.5K
$482.6K – $643.5K
NOI $38,607 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Offices of Janice ...
Law Firm
Law Office of Scott ...
Law Firm
Zivkovich Law Offices ...
Law Firm
Forest Financial Group ...
Financial Advisor
Michael Mc Inerney ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding brick building with multi-office layout, conference room, kitchen, restrooms, and approximately 8 on-site parking spaces.
Where is this office building located?
The property is located at 8130 N Milwaukee Avenue Niles, IL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: High‑visibility location on Milwaukee Avenue with 27,000 vehicles per day.; Approximately 2,800 SF freestanding brick building.; Approximately 8 on‑site parking spaces.
