Remodeled Office
For Sale
Contact for pricing
7060-62 W Higgins Avenue, Chicago, IL 60656
An open work area is complemented by private offices, a conference room, a kitchen, and two restrooms.
Property Size3,000 SF
Price / SF$0.00
Days on Market28
Property Features for 7060-62 W Higgins Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Side
Highway Access
Yes
Public Transit
Yes
Additional Details
Condition
Newly Renovated
Property Use
Office
Amenities
conference room
kitchen
Building Details
Year Built
1976
Listing Agency:
Nushka Realty LLC
(773) 343-5109
Listed By:
Temenoujka Aglikin · License #471004533
(773) 775-6900
Source:
Helenoliveri
Added: Oct 5
Changed: Oct 28
Last Checked: Nov 1 at 3:39AM
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 Nushka Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,000-square-foot office suite was remodeled and combines an open work area with 2 private offices and a conference room. A kitchen and 2 restrooms are also part of the layout, with glass-front windows along the building exterior. The property was built in 1976.
Located on W Higgins Avenue in Chicago, the office offers access to the expressway, I-90, and I-294. The Blue Line is one block away, O’Hare is 5 minutes away, and downtown Chicago is 12–15 minutes away.
Located on W Higgins Avenue in Chicago, the office offers access to the expressway, I-90, and I-294. The Blue Line is one block away, O’Hare is 5 minutes away, and downtown Chicago is 12–15 minutes away.
Key Highlights
- 3,000‑square‑foot remodeled office suite
- Open work area, 2 private offices, and a conference room
- Kitchen and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,368
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,360
$1.3M
Cap Rate 7%
$919,543
$919.5K
Cap Rate 9%
$715,200
$715.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$115.2K $38.40/SF
− Vacancy
−$29.4K −$9.79/SF
EGI
$85.8K $28.61/SF
− OpEx
−$21.5K −$7.15/SF
NOI
$64.4K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,360
Cap Rate 7%
$919,543
Cap Rate 9%
$715,200
Alternative Uses
Best Use
Office B
$919.5K
$804.6K – $1.07M
NOI $64,368 @ 7.0% cap · market cap 459,771.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 707,242.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60656, IL
28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Similar Off Market Nearby
- Norman Buelo Offset Repair Services — 7644 w strong st, norridge, il 60706
- Soaring Eagle Computer Services Inc — 4943 N Nordica Ave, Chicago, IL 60656
- Tandesk Group — 5237 n harlem ave, chicago, il 60656
- 8-pin Wired iPad Keyboard - Lightning Plug Connector — 5915 N Northwest Hwy, Chicago, IL 60631
Frequently Asked Questions
What type of property is this?
Office space - An open work area is complemented by private offices, a conference room, a kitchen, and two restrooms.
Where is this office space located?
The property is located at 7060-62 W Higgins Avenue Chicago, IL.
What are key features of this property?
This property features: 3,000‑square‑foot remodeled office suite; Open work area, 2 private offices, and a conference room; Kitchen and 2 restrooms
