Mixed-Use Office and Retail
6142-6144 W Roosevelt Rd Oak Park, IL 60304
For Sale
Contact for pricing
16-unit building offering office and medical suites under 1,000 SF with on-site pharmacy and adjacent city-owned parking.
Property Size9,000 SF
Lot Size0.12 Acres
Price / SF$150
Days on Market679
Property Features for 6142-6144 W Roosevelt Rd
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.12 Acres
Property subtype
OFFICE
Listing Agency:
SVN | Chicago - Corporate
(630) 330-3352
Listed By:
Karen Kulczycki, CCIM
(630) 330-3352
Source:
Moodyscre
Added: Sep 20, 2024
Changed: Jul 28
Last Checked: Jul 28 at 8:29AM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
This for-sale mixed-use property combines office and retail space in a 16-unit configuration, with flexible office and medical office suites available under 1,000 SF. The building totals approximately 9,000 SF and sits on about 0.12 acres, with 79% occupied per the provided remarks.
An on-site pharmacy is included in the tenant mix, described as high visibility. City-owned parking is located adjacent to the building, supporting convenient customer and staff access. The location is noted as close to the Austin CTA Blue Line station and I-290.
Ideal for buyers seeking a multi-tenant building with both office and retail components, the asset provides a compact suite lineup under 1,000 SF alongside an on-site pharmacy use.
An on-site pharmacy is included in the tenant mix, described as high visibility. City-owned parking is located adjacent to the building, supporting convenient customer and staff access. The location is noted as close to the Austin CTA Blue Line station and I-290.
Ideal for buyers seeking a multi-tenant building with both office and retail components, the asset provides a compact suite lineup under 1,000 SF alongside an on-site pharmacy use.
Key Highlights
- ±9,000 SF office and retail building on 0.12 AC lot
- 16‑unit setup with flexible office and medical office suites under 1,000 SF
- 79% occupied, with 16 total units
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.3k | $24.48 |
| − Vacancy | −$54.9k | −$6.10 |
| EGI | $165.5k | $18.38 |
| − OpEx | −$41.4k | −$4.60 |
| NOI | $124.1k | $13.79 |
9,000 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,660 @ 7.0% cap · market cap 11.16%
Second Best
Retail
$1.78M
$1.56M – $2.08M
NOI $124,921 @ 7.0% cap · market cap 9.25%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,510 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - 16-unit building offering office and medical suites under 1,000 SF with on-site pharmacy and adjacent city-owned parking.
Where is this office units located?
The property is located at 6142-6144 W Roosevelt Rd Oak Park, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: ±9,000 SF office and retail building on 0.12 AC lot; 16‑unit setup with flexible office and medical office suites under 1,000 SF; 79% occupied, with 16 total units
