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    8000 Waukegan Rd Niles, IL 60714

    Sponsored
    For Sale
    $2,000,000
    Property size:
    7,900 SF
    Added:
    Feb 3, 2025
    Days on Market:
    343

    Property Features for 8000 Waukegan Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,900 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Village Creamery Ice Cream Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.8015
    Latitude
    42.02667

    Nearby Comparable

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      Niles Three-Flat with Updates

      Legal three-flat with updated systems and below-market rents.
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      Updated End Unit Apartment

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      Multi-tenant office building, excellent investment.
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      Niles Medical Building - Great Location!

      8 Exam Rooms, High Traffic Area, Ample Parking
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      Retail Space in Morton Grove

      Retail space in high-traffic Morton Grove commercial district.
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      Morton Grove Industrial Facility

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      Morton Grove Industrial Facility

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    • $454,900
      Pending

      Morton Grove Residential Income Property

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    Nearby Similar for Sale

    • New
      $649,000

      Niles Three-Flat with Updates

      Legal three-flat with updated systems and below-market rents.
      8037 N Oriole Ave, Niles, IL 60714
      View Details
    • $325,000
      3.27 Acres

      Turnkey Restaurant in Prime Location

      Profitable, fully equipped restaurant for sale in high-traffic Niles corridor.
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    • $197,600

      Niles Condo with Balcony

      One-bedroom condo in well-maintained building with in-unit laundry.
      6801 N Milwaukee Ave, Niles, IL 60714
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    • $1,400,000
      19,230 SF

      Niles Warehouse with Office Space

      19,230 SF warehouse with office space for sale.
      9250 N Willow Ln, Niles, IL 60714
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    • $649,900
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      Niles Medical Building - Great Location!

      8 Exam Rooms, High Traffic Area, Ample Parking
      7124 Touhy Ave, Niles, IL 60714
      View Details
    • $699,000
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      Niles Office Building: Prime Location

      Multi-tenant office building, excellent investment.
      6954 Touhy Ave, Niles, IL 60714
      View Details
    • $949,000
      4,029 SF

      Niles Multifamily Investment Property

      Six-unit building, 100% occupied, high rental potential
      8003 Foster Ln, Niles, IL 60714
      View Details

    FAQs

    Where is this commercial real estate located?
    The property is located at 8000 Waukegan Rd Niles, IL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    (773) 775-1855
    Request Owner's contact information
    8000 Waukegan Rd Niles, IL 60714
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    Niles, IL 60714
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8000 Waukegan Rd Niles, IL 60714
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