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    6957 Forest Ave Oak Park, IL 60302

    For Sale
    Contact for pricing

    Two-story office building with 15 units and rear parking.

    Property size:
    9,148 SF

    Property Features for 6957 Forest Ave

    General Information

    Size
    9,148 SF

    Building Details

    Year built
    1962

    Source: Karen Kulczycki, CCIM, SIOR Agent Karen Kulczycki, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Office Building in Oak Park

    Located at 6957 W. North Avenue and 1244-1246 Forest Avenue in Oak Park, Illinois, this two-story office building offers approximately 9,148 square feet of space on 0.21 acres. The building features a garden level and 15 units. It has rear parking and an occupancy rate of 19%. The property has frontage on North Avenue, which sees 33,500 vehicles per day. Windows line North Avenue. The building features an open concept. Situated in Oak Park, an upscale community 9 miles west of the Chicago Business District, the location provides convenient access to I-290, I-294, the CTA Green Line, and multiple bus routes, facilitating connections to the broader Chicago metropolitan area. This accessibility supports customer traffic and employee commutes, making it suitable for retail businesses seeking strategic connectivity. Oak Park is a shopping and dining destination for tourists and locals.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8015231
    Latitude
    41.9083481

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    FAQs

    What type of property is this?
    Office building - Two-story office building with 15 units and rear parking.
    Where is this office building located?
    The property is located at 6957 Forest Ave Oak Park, IL.
    What are key features of this property?
    This property features: - ±9,148 SF two-story office building in Oak Park, Illinois.; - High-traffic location with frontage on North Avenue (33,500 VPD).; - Excellent transportation access with I-290, I-294, CTA Green Line, and multiple bus routes.
    (630) 330-3352
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    6957 Forest Ave Oak Park, IL 60302
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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
    6957 Forest Ave Oak Park, IL 60302
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