Building Details

Year Built 1971

Listing Agency: River Elm Properties

Listed By: Jonathan Zivojnovic Show Phone

Source: Bktchicago

Added: Oct 23 Changed: Oct 25 Last Checked: Sep 18 at 8:40AM

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Investment Insights

Based on property information with market context.

This office condominium at 418-420 Clinton Place was built in 1971 and is zoned OFFIC. Its 2,445 square feet can be configured as two storefront units of 906 and 1,539 square feet, or combined into one space. Exclusive parking spaces in a shared lot are included with the lease.

Metra, the Green Line, and the Harlem and Lake Street business district are within walking distance. The property is in River Forest, Illinois.

Key Highlights

• Two office units measure 906 and 1,539 square feet, with the option to combine them into 2,445 square feet
• Exclusive parking spaces in a shared lot are included with the lease
• Walking distance to Metra, the Green Line, and the Harlem and Lake Street business district

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Bed & Breakfast Butcher 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

$2.85 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

3,297

Businesses Nearby

Explore this area Business Placement

Demographics for 60305, IL

11,710

Population

4,494

Households

2.6

Avg Household Size

40

Median Age

73%

College-Educated

97%

High-School Grad

2.5 sq mi

ZIP Area

4,684

Density / Sq Mi

$148,711

Median Household Income

$83,347

Median Earnings

$1,411

Median Rent

$676,900

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

Frequently Asked Questions

What type of property is this?

Office unit - Professional space near Metra, the Green Line, and the Harlem and Lake Street business district.

Where is this office unit located?

The property is located at 418-420 Clinton Pl River Forest, IL.

What is the lease rate?

The lease rate is $19 SF/Yr.

What are key features of this property?

This property features: Two office units measure 906 and 1,539 square feet, with the option to combine them into 2,445 square feet; Exclusive parking spaces in a shared lot are included with the lease; Walking distance to Metra, the Green Line, and the Harlem and Lake Street business district