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Office Space on Austin Boulevard
For Lease
$14 SF/Yr

408 N Austin Boulevard, Oak Park, IL 60302

Office space for rent with high foot traffic and exposure.

Space SizeContact for details
Lot Size0.04 Acres
Days on Market1221

Property Features for 408 N Austin Boulevard

General Information

Standard status Active
Lot size 0.04 Acres
Property subtype Commercial

Amenities

Central air
Central Air Cooling

Building Details

Year Built 1907
Listing Agency: PIONEER PROPERTY ADVISORS
Listed By: GREG SORG · License #471013998
Source: Corcoran
Added: Apr 11, 2023 Changed: Aug 9 Last Checked: Aug 11 at 12:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PIONEER PROPERTY ADVISORS

Investment Insights

Based on property information with market context.

Office space is available for rent. The property features frontage on Austin Boulevard, benefiting from significant foot traffic and exposure. Parking is available.

Key Highlights

  • Great frontage onto Austin Blvd
  • Amazing foot traffic
  • High exposure

Property Analytics

Current Use

Pioneer Property Advisors Property Management Company

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,045
Businesses Nearby

Demographics for 60302, IL

33,698
Population
15,702
Households
2.1
Avg Household Size
41
Median Age
71%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
11,233
Density / Sq Mi
$97,414
Median Household Income
$69,368
Median Earnings
$1,348
Median Rent
$450,700
Median Home Value

Market

Lease Benchmarks for Oak Park, IL

$19 /SF/Yr
Avg Asking Price
$14–$28 /SF/Yr
Price Range
3,351 SF
Avg Space Size

This space is priced 26% below the average of $19 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space for rent with high foot traffic and exposure.
Where is this office units located?
The property is located at 408 N Austin Boulevard Oak Park, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Great frontage onto Austin Blvd; Amazing foot traffic; High exposure
More about this property
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