6209 W N Ave, Oak Park, IL
14,000 SF renovated retail building in prime Oak Park location.
- Added:
- Sep 19, 2024
- Days on Market:
- 657
- Last Refresh:
- May 20 at 8:46 pm
Property Features for 6209 W N Ave
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 0.83 Acres
- Property subtype
- RETAIL
Properties For Sale
at 6209 W N Ave Contact us
Listing office SVN | Chicago - Corporate (847) 421-1066
Listing date Sep 19, 2024
Source Moodyscre
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
HighLights
- Prime location in Oak Park, IL
- 14,000 SF free standing building
- Benefit from 41 car on‑site parking
- Renovated in 2021
- Move in condition "Vanilla Box"
- Divisible to 7,000 sq. ft.
Overview
Local Financial Insights For Retail
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 | $302.4k | $21.60 |
| − Vacancy | −$24.8k | −$1.77 |
| EGI | $277.6k | $19.83 |
| − OpEx | −$83.3k | −$5.95 |
| NOI | $194.3k | $13.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7979
- Latitude
- 41.8881
