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Elmwood Park Office Redevelopment Opportunity
For Sale
$375,000

7432 W Grand Ave, Elmwood Park, IL 60707

Spacious office with redevelopment potential near Elmwood Park Train Station.

Property Size3,500 SF
Lot Size0.14 Acres
Price / SF$107.14
Days on Market273

Property Features for 7432 W Grand Ave

General Information

Standard status Active
Size 3,500 SF
Lot size 0.14 Acres

Building Details

Year Built 1949
Listing Agency: Sasco Realty Group
Listed By: Lizzethe Sasco
Source: Amyboston.realtopiare
Added: Jan 26 Changed: Oct 26 Last Checked: Oct 7 at 4:05PM

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

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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

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Current Use

Office Units

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Nursing Home Catering 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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office unit - Spacious office with redevelopment potential near Elmwood Park Train Station.
Where is this office unit located?
The property is located at 7432 W Grand Ave Elmwood Park, IL.
What is the asking price?
The asking price for this property is $375,000.
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.
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