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Two-Story Atrium Office Building
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501 W North Ave, Melrose Park, IL 60160

Office building features a two-story atrium, outdoor terraces on upper floors, and marble-clad lobby with glass-curtain walls.

Property Size981 SF
Days on Market1381

Property Features for 501 W North Ave

General Information

Standard status Active
Size 981 SF
Property subtype OFFICE

Amenities

two story atrium
outdoor terraces
marble-clad lobby
eight hour manned security

Building Details

Construction glass-curtain walls
Listing Agency: JBS Commercial Real Estate
Listed By: Jason Shibata · License #471011705
Source: Moodyscre
Added: Oct 19, 2022 Changed: Jul 25 Last Checked: Jul 29 at 2:06PM

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 JBS Commercial Real Estate

Investment Insights

Based on property information with market context.

This office building includes a two-story atrium and outdoor terraces on each of the upper floors. The main lobby is marble-clad, and the exterior features glass-curtain walls.

Building operations include eight-hour, manned security.

Overall, the space is designed around a prominent central atrium with outdoor terrace areas on the upper levels.

Key Highlights

  • Two‑story atrium in the office building
  • Outdoor terraces on each of the upper floors
  • Marble‑clad lobby with exterior glass‑curtain walls

Property Analytics

Current Use

First Midwest Corporation ... Loan Service Beth Black - State ... Insurance Agency Julie A Moore, MD Physician Moore Dermatology Associates Physician Melanie Adamsky, MD Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Spa & Massage Center Big Box & Wholesale Store Restaurant

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,248
Businesses Nearby

Demographics for 60160, IL

24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Office building - Office building features a two-story atrium, outdoor terraces on upper floors, and marble-clad lobby with glass-curtain walls.
Where is this office building located?
The property is located at 501 W North Ave Melrose Park, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Two‑story atrium in the office building; Outdoor terraces on each of the upper floors; Marble‑clad lobby with exterior glass‑curtain walls
(312) 462-1022 Call to check price and availability
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