8130 N Milwaukee Avenue, Niles, IL 60714
COMMERCIAL - Niles, IL
- Added:
- Mar 9, 2026
- Days on Market:
- 99
- Last Refresh:
- Jun 15 at 12:06 am
Property Features for 8130 N Milwaukee Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 09243150080000
- Size
- 2,800 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 21943
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Wood
- Building materials
- Brick
Listing agent Andrzej Olszowka License #475160900 (773) 792-3000
Listing office Troy Realty Ltd 6625 N Avondale Ave, Chicago, IL (773) 792-3000
Listing date Mar 9, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑visibility location on Milwaukee Avenue with 27,000 vehicles per day.
- Approximately 2,800 SF freestanding brick building.
- Approximately 8 on‑site parking spaces.
- Flexible interior suitable for retail, service, medical, or professional office use.
- Month‑to‑month occupancy provides flexible delivery options.
- Multi‑office layout with conference room, kitchen, and restrooms.
Overview
The building is located on Milwaukee Avenue near the Oakton Street commercial corridor, with strong exposure reported at approximately 27,000 vehicles per day. Brick construction and prominent street presence are designed to support visibility for a range of commercial concepts. The property is offered with month-to-month occupancy, allowing for flexible delivery timing based on agreement.
This offering may fit businesses seeking an adaptable space for retail, service, medical, or professional office use, depending on zoning approvals. The combination of curb presence, on-site parking, and an already-improved interior makes the building practical for operators looking to establish or reposition a customer-facing footprint without starting from raw space. Showings are by appointment only.
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 | $60.5k | $21.60 |
| − Vacancy | −$5.0k | −$1.77 |
| EGI | $55.5k | $19.83 |
| − OpEx | −$16.7k | −$5.95 |
| NOI | $38.9k | $13.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Cook
- State
- Illinois
- Longitude
- -87.8168642
- Latitude
- 42.0287486
