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Elmwood Park Office Redevelopment Opportunity
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7432 Grand Ave, Elmwood Park, IL 60707

Spacious office with redevelopment potential near Elmwood Park Train Station.

Property Size3,595 SF
Lot Size0.14 Acres
Price / SF$0.00
Days on Market207

Property Features for 7432 Grand Ave

General Information

Standard status Active
Size 3,595 SF
Lot size 0.14 Acres

Taxes and HOA fees

Annual Taxes $15,689
Listing Agency: Sasco Realty Group
Listed By: Lizzethe Sasco · License #475170189
Source: Exprealty
Added: Jan 26 Changed: Aug 20 Last Checked: Aug 21 at 11:49AM

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 Sasco Realty Group

Investment Insights

Based on property information with market context.

Located in Elmwood Park, this property offers a 3,595-square-foot office space on a 6,250-square-foot lot. Formerly the Carpenter's Union office, the interior features two large open rooms separated by doors. One room includes a fully updated kitchen, while the other contains separate enclosed offices. The property also includes two bathrooms and a large storage/utility room. Two back doors provide access to both sides of the office. A large parking lot at the rear of the building accommodates multiple cars. The property is suitable for updating as an office space or redevelopment for multi-family use. Situated on highly visible Grand Ave, it is directly across from the Elmwood Park Train Station, offering prime exposure. The property is being sold AS-IS.

Key Highlights

  • Prime location on highly visible Grand Ave, directly across from the Elmwood Park Train Station.
  • Large interior space of 3,595 square feet with flexible layout including open rooms, enclosed offices, and updated kitchen.
  • Redevelopment potential for multi‑family use.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair Dental Office Grocery & Convenience Store Nursing Home

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

1,032
Businesses Nearby

Demographics for 60707, IL

43,241
Population
16,590
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
12,011
Density / Sq Mi
$82,746
Median Household Income
$48,093
Median Earnings
$1,309
Median Rent
$315,300
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 units - Spacious office with redevelopment potential near Elmwood Park Train Station.
Where is this office units located?
The property is located at 7432 Grand Ave Elmwood Park, IL.
What are key features of this property?
This property features: Prime location on highly visible Grand Ave, directly across from the Elmwood Park Train Station.; Large interior space of 3,595 square feet with flexible layout including open rooms, enclosed offices, and updated kitchen.; Redevelopment potential for multi‑family use.
More about this property
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