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Multi-Level Office Building

1626 Colonial Parkway, Inverness, IL 60067

For Sale
$475,000

The lower level is available for occupancy, with tenants leasing the first and second floors through 2028.

Property Size6,476 SF
Price / SF$73.35
Days on Market97

Property Features for 1626 Colonial Parkway

General Information

Standard status Active
Size 6,476 SF
Property subtype COMMERCIAL

Additional Details

Highway Access Yes
Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $21,725

Building Details

Building Size 6,476 SF
Year Built 1986
Tenancy Multi
Listing Agency: New London Realty Inc
Listed By: Leslie Webber · License #471005943
Source: Purveyproperties
Added: Aug 5 Changed: Nov 7 Last Checked: Nov 8 at 3:04PM

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 New London Realty Inc

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Investment Insights

Based on property information with market context.

Built in 1986, this 6,476-square-foot office building has three levels. The lower level is vacant, while the first and second floors are leased to long-term tenants, with leases extending to 2028.

The property is described as minutes from expressways, tollways, O’Hare International Airport, and downtown Chicago.

Key Highlights

  • 6,476‑square‑foot office building constructed in 1986
  • Vacant lower‑level office space available for occupancy
  • First and second floors leased to long‑standing tenants through 2028

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Angelina Chmielewski & Frccr Property Management Company Elizabeth Engel Alternative Medicine Practice

Suggested Use

Top Pick Restaurant Real Estate Agency Auto Repair Shop Building Supply Big Box & Wholesale Store Hair Salon

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

499
Businesses Nearby

Demographics for 60067, IL

39,324
Population
16,039
Households
2.5
Avg Household Size
43
Median Age
59%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,025
Density / Sq Mi
$121,572
Median Household Income
$64,520
Median Earnings
$1,521
Median Rent
$427,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Cook County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - The lower level is available for occupancy, with tenants leasing the first and second floors through 2028.
Where is this office building located?
The property is located at 1626 Colonial Parkway Inverness, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6,476‑square‑foot office building constructed in 1986; Vacant lower‑level office space available for occupancy; First and second floors leased to long‑standing tenants through 2028
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