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    6954 Touhy Ave Niles, IL 60714

    Sponsored
    For Sale
    $699,000

    Multi-tenant office building, excellent investment.

    Property size:
    5,790 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 5,790 square foot multi-tenant office building, situated at 6954 W Touhy Avenue in Niles, Illinois, presents a compelling investment opportunity. Constructed in 1979, the property boasts ten individual units, providing flexibility for a variety of tenants and maximizing rental income potential. The building's well-maintained interior and exterior contribute to its strong curb appeal and immediate leasing potential. Its strategic location offers convenient access to major transportation arteries, ensuring easy commutes for tenants and clients. Ample on-site parking is a significant advantage, addressing a key concern for potential occupants. The professional and polished exterior enhances the property's image, attracting high-quality tenants. This property represents a solid investment in a thriving area, offering a proven track record and significant potential for future growth. The building's layout and features make it an ideal choice for investors seeking a stable and profitable office building in the desirable Niles market. The 5,790 square feet of space provides ample room for various business needs, while the ten individual units allow for diverse tenant occupancy. This is a turnkey opportunity for immediate income generation and long-term appreciation.

    Property Features for 6954 Touhy Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,790 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Bartosz(Bart) J Balaz: ... Insurance Agency Giometti Ronald P ... Dentist Access Benefit Solutions, ... Insurance Agency Ancient Remedy Wellness ... Wellness Center Metta Perspective LLC ... Acupuncture Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.80064
    Latitude
    42.01257

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office building, excellent investment.
    Where is this office property / space located?
    The property is located at 6954 Touhy Ave Niles, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    (312) 216-8000
    Request Owner's contact information
    6954 Touhy Ave 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
    6954 Touhy Ave Niles, IL 60714
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