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Two-Suite Freestanding Office Building

7318 S Cottage Grove Avenue, Chicago, IL 60619

For Sale
$300,000

A private fenced parking area serves a two-suite commercial property with separate entrances.

Property Size3,500 SF
Price / SF$85.71
Days on Market76

Property Features for 7318 S Cottage Grove Avenue

General Information

Standard status Active
Size 3,500 SF
Property subtype Commercial

Site & Location

Neighborhood Park Manor

Additional Details

Office Units 2
Property Use Office

Taxes and HOA fees

Annual Taxes $20,815

Building Details

Building Size 3,500 SF
Year Built 1922
Buildings 1
Stories 1
Units 2
Listing Agency: Coldwell Banker Realty
Listed By: Antoine Baker · License IL #475163060
Source: Amberrealty
Added: Aug 27 Changed: Nov 7 Last Checked: Nov 9 at 7:51PM

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 Coldwell Banker Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This freestanding office property contains two suites totaling 3,500 square feet. The 1,500-square-foot suite has five private offices, a reception area, a bathroom, and its own entrance. An adjoining 1,900-square-foot suite provides a second space within the building. The property was built in 1922 and is offered as-is.

The site is on S Cottage Grove Avenue in Chicago and includes a fenced parking lot with on-site parking.

Key Highlights

  • Two office suites totaling 3,500 SF
  • 1,500 SF suite includes five private offices, reception, a bathroom, and a separate entrance
  • Adjoining 1,900 SF suite

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Lyle Freddrenna Law Firm Chester Slaughter & Associates Law Firm

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Dental Office Skin Care Clinic Computer & Electronic Repair Plumbing Service

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

2
Office units

Location Intelligence

Trade Area within ½ mile

864
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Office buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025

Frequently Asked Questions

What type of property is this?
Office building - A private fenced parking area serves a two-suite commercial property with separate entrances.
Where is this office building located?
The property is located at 7318 S Cottage Grove Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two office suites totaling 3,500 SF; 1,500 SF suite includes five private offices, reception, a bathroom, and a separate entrance; Adjoining 1,900 SF suite
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