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Freestanding Commercial Building on High-Traffic Corridor
For Sale
$725,000

2071 Irving Park Road, Hanover Park, IL 60133

Versatile commercial building suitable for investors or owner-users.

Property Size6,048 SF
Price / SF$119.87
Days on Market110

Property Features for 2071 Irving Park Road

General Information

Standard status Active
Size 6,048 SF
Property subtype Commercial
Zoning COMMR

Taxes and HOA fees

Annual Taxes $32,301

Building Details

Building Size 6,048 SF
Year Built 1979
Stories 2
Units 4
Listing Agency: Coldwell Banker Commercial NRT
Listed By: Paul Proano · License #475170890
Source: Cavanaghrealty
Added: May 9 Changed: Aug 25 Last Checked: Aug 25 at 8:46AM

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 Coldwell Banker Commercial NRT

Investment Insights

Based on property information with market context.

This freestanding commercial building offers approximately 6,048 square feet, with an estimated 5,528 square feet of usable or leasable area. Situated along a high-traffic commercial corridor, the property benefits from exposure to nearly 25,000 vehicles per day. The property offers visibility, signage potential, accessibility, and on-site parking. The building is fully sprinklered and configured for medical, dental, professional office, wellness, and service-oriented businesses, with flexible suite layouts. One of the units previously operated as a dental practice and contains plumbing and electrical infrastructure. The property can support multi-tenant occupancy or a single-user conversion, presenting an opportunity for investors seeking lease-up potential and future appreciation, while also offering owner-occupants the ability to operate their business and generate supplemental rental income from additional suites.

Key Highlights

  • High‑traffic location with approximately 25,000 vehicles per day exposure
  • Versatile building suitable for medical, dental, professional office, wellness, and service‑oriented businesses
  • Existing plumbing and electrical infrastructure from a former dental practice

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60133, IL

37,494
Population
11,573
Households
3.2
Avg Household Size
35
Median Age
29%
College-Educated
84%
High-School Grad
8.4 sq mi
ZIP Area
4,464
Density / Sq Mi
$92,263
Median Household Income
$40,743
Median Earnings
$1,478
Median Rent
$260,900
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
Rey
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Similar Off Market Nearby

  • Animal Hospital of Streamwood 904 E Irving Park Rd, Streamwood, IL 60107

Frequently Asked Questions

What type of property is this?
Medical Office Space - Versatile commercial building suitable for investors or owner-users.
Where is this medical office space located?
The property is located at 2071 Irving Park Road Hanover Park, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High‑traffic location with approximately **25,000 vehicles per day exposure**; Versatile building suitable for medical, dental, professional office, wellness, and service‑oriented businesses; Existing plumbing and electrical infrastructure from a former dental practice
More about this property
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