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Office Building with Drive-Through
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501 W North Ave, Melrose Park, IL 60160

Drive-through available at a signalized corner with high visibility and approximately 57,000 vehicles per day passing.

Property Size47,975 SF
Price / SF$72.95
Days on Market1384

Property Features for 501 W North Ave

General Information

Standard status Active
Size 47,975 SF
Property subtype OFFICE

Amenities

Drive-Thru Available
Listing Agency: JBS Commercial Real Estate
Listed By: Jason Shibata · License #471011705
Source: Moodyscre
Added: Oct 19, 2022 Changed: Jul 30 Last Checked: Aug 1 at 11:25AM

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 offers drive-through availability and is positioned on a signalized corner designed for strong street presence. The property totals 47,975 square feet, supporting a range of office uses that benefit from convenient customer access.

The site has high visibility with approximately 57,000 vehicles per day. It is located close to area restaurants, hotels, and shopping amenities, with nearby activity from Costco, Amazon, Target, JewelOsco, Meyer, Triton College, and Gottlieb Memorial Hospital (Loyola Medicine).

With its drive-through feature and traffic-driven visibility, the property can be a practical option for office users seeking accessible frontage and an established retail and institutional draw in the surrounding area.

Key Highlights

  • Drive‑through available
  • Signalized corner with high visibility
  • Approximately 57,000 vehicles per day traffic count

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.

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 - Drive-through available at a signalized corner with high visibility and approximately 57,000 vehicles per day passing.
Where is this office building located?
The property is located at 501 W North Ave Melrose Park, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Drive‑through available; Signalized corner with high visibility; Approximately 57,000 vehicles per day traffic count
(312) 462-1022 Call to check price and availability
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