Oak Park Office/Retail
6142-6144 W Roosevelt Rd Oak Park, IL 60304
6142-6144 W Roosevelt Rd, Oak Park, IL, 60304
$1,350,000
For Sale
$1,350,000
9,000 SF office and retail building in Oak Park.
Property Size9,000 SF
Price / SF$150
Days on Market243
Property Features for 6142-6144 W Roosevelt Rd
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing agency
SVN Chicago Commercial
(630) 330-3352
Listed by
Karen Kulczycki, CCIM, SIOR · License #IL #471020279
(630) 330-3352
Source
Svnchicago
Added: Nov 21, 2025 Updated: Jul 6 at 8:29AM Checked: Jul 22 at 4:14AM
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 SVN Chicago Commercial
Investment Insights
Based on property information with market context.
Located in Oak Park, Illinois, this two-story office building offers approximately 9,000 square feet of space with street-level retail. The building contains 16 units and is currently 14% occupied. The property benefits from high visibility due to its frontage on Roosevelt Road, which sees approximately 17,000 vehicles per day. Adjacent to city-owned parking, the building is located near destination retailers such as Peace & Joy Within Yoga Studio and Acuwerks. The location provides convenient access to the broader Chicago metropolitan area via nearby I-290, I-294, the CTA Green Line, and multiple bus routes. The Austin CTA Blue Line station is also in close proximity. Oak Park is a shopping and dining destination for both tourists and local residents. The 0.12-acre site offers flexible retail, office, and medical office suites of various sizes.
Key Highlights
- High visibility location on Roosevelt Road (17,000 VPD).
- Located in Oak Park, an upscale shopping and dining destination near Chicago.
- Adjacent to city‑owned parking.
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 | $220.3k | $24.48 |
| − Vacancy | −$54.9k | −$6.10 |
| EGI | $165.5k | $18.38 |
| − OpEx | −$41.4k | −$4.60 |
| NOI | $124.1k | $13.79 |
9,000 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,921 @ 7.0% cap · market cap 9.25%
Second Best
Office B
$1.77M
$1.55M – $2.07M
NOI $124,095 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,510 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - 9,000 SF office and retail building in Oak Park.
Where is this office building located?
The property is located at 6142-6144 W Roosevelt Rd Oak Park, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High visibility location on Roosevelt Road (17,000 VPD).; Located in Oak Park, an upscale shopping and dining destination near Chicago.; Adjacent to city‑owned parking.
