Mixed-Use Building with
For Sale
$514,900
138 W Irving Park Road, Wood Dale, IL 60191
Commercial Sale, Wood Dale, IL
Property Size2,727 SF
Lot Size0.23 Acres
Price / SF$188.82
Days on Market47
Property Features for 138 W Irving Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Wood Dale Road, Irving Park Rd west 1/2 block to 138. From Addison Rd, Irving Park Rd east .6 miles to 138. Building is on the south side of the street directly across the street from the red Firestone sign.
Subdivision
Wood Dale
Standard status
Active
APN
0316207004
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5763
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
screened porch
2-car garage
storage shed
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile, Varies
Building materials
Brick, Block, Wood, Aluminum Siding
Roof type
Composition
Listing Agency:
Anthony J.Trotto Real Estate
Listed By:
Petra Sestakova
(630) 521-0298
Added: Sep 2
Changed: Oct 14
Last Checked: Oct 18 at 3:06PM
MLS# 12749416
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,727-square-foot brick building combines an approximately 875-square-foot office and retail area at the front with a rear apartment of more than 1,700 square feet. The three-bedroom, one-bath apartment has a combined living and dining room, kitchen, and screened porch; a 528-square-foot, two-car garage is attached. The commercial area is vacant, and the apartment has a month-to-month tenancy. Separate water, electric, gas, heating, and cooling systems serve the apartment and commercial space, with a shared water heater. The property may be converted to all-commercial use, subject to applicable land-use requirements.
The 0.23-acre parcel measures 50 by 203 feet and has access from Irving Park Road and an alley. The building is in the Town Center Business District, within walking distance of the Metra station, with expressway access nearby. Restaurants are in the surrounding area.
Work completed in 2024 and 2025 includes roof repairs and coating, tuckpointing, crawl-space improvements, a new asphalt driveway and parking area, and new sidewalk entries with landscaping. The commercial space also has a utility room, utility sink, and an insulated attic with pull-down access.
The 0.23-acre parcel measures 50 by 203 feet and has access from Irving Park Road and an alley. The building is in the Town Center Business District, within walking distance of the Metra station, with expressway access nearby. Restaurants are in the surrounding area.
Work completed in 2024 and 2025 includes roof repairs and coating, tuckpointing, crawl-space improvements, a new asphalt driveway and parking area, and new sidewalk entries with landscaping. The commercial space also has a utility room, utility sink, and an insulated attic with pull-down access.
Key Highlights
- 2,727‑square‑foot mixed‑use building with approximately 875 square feet of office/retail space and a rear apartment exceeding 1,700 square feet
- Three‑bedroom, one‑bath apartment; current tenancy is month‑to‑month
- Attached 528 sq. ft. two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,018
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,360
$920.4K
Cap Rate 7%
$657,400
$657.4K
Cap Rate 9%
$511,311
$511.3K
Market Conditions
NOI Build-Up for 2,727 SF
Gross rent
$81.8K $30.00/SF
− Vacancy
−$8.2K −$3.00/SF
EGI
$73.6K $27.00/SF
− OpEx
−$27.6K −$10.13/SF
NOI
$46.0K $16.88/SF
Area
DuPage County, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,360
Cap Rate 7%
$657,400
Cap Rate 9%
$511,311
Alternative Uses
Best Use
Mixed Use
$657.4K
$575.2K – $767.0K
NOI $46,018 @ 7.0% cap · market cap 8.94%
Second Best
Retail
$540.7K
$473.1K – $630.9K
NOI $37,851 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$941.5K
$823.8K – $1.10M
NOI $65,906 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 60191, IL
14,456
Population
5,516
Households
2.6
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
2,780
Density / Sq Mi
$90,299
Median Household Income
$44,817
Median Earnings
$1,649
Median Rent
$307,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant street-facing office and retail area is paired with a separate apartment and attached garage.
Where is this mixed-use property located?
The property is located at 138 W Irving Park Road Wood Dale, IL.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: 2,727‑square‑foot mixed‑use building with approximately 875 square feet of office/retail space and a rear apartment exceeding 1,700 square feet; Three‑bedroom, one‑bath apartment; current tenancy is month‑to‑month; Attached 528 sq. ft. two‑car garage
