Freestanding Office
8130 N Milwaukee Avenue Niles, IL 60714
For Sale
$529,000
COMMERCIAL - Niles, IL
Property Size2,800 SF
Lot Size0.07 Acres
Price / SF$188.93
Days on Market144
Property Features for 8130 N Milwaukee Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Standard status
Active
APN
09243150080000
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 Agency:
Troy Realty Ltd
(773) 792-3000
Listed By:
Andrzej Olszowka · License #475160900
(773) 792-3000
Added: Mar 9
Changed: Jul 13
Last Checked: Jul 30 at 2:06AM
MLS# 12586987
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.
Investment Insights
Based on property information with market context.
Freestanding commercial building constructed of brick and configured as a multi-office layout. The interior includes a conference room, kitchen, and restrooms, with a buildout completed in 2009. The space is designed to be flexible for reconfiguration, including potential retail or service layouts subject to zoning, with current month-to-month occupancy providing flexibility for delivery.
Located on Milwaukee Avenue near the Oakton Street commercial corridor, the property offers strong street exposure. The building sits on a wide lot with approximately 8 on-site parking spaces and visibility supported by an estimated 27,000 vehicles per day.
Zoning is listed as COMMR, and the property is offered for sale with showings by appointment only.
Located on Milwaukee Avenue near the Oakton Street commercial corridor, the property offers strong street exposure. The building sits on a wide lot with approximately 8 on-site parking spaces and visibility supported by an estimated 27,000 vehicles per day.
Zoning is listed as COMMR, and the property is offered for sale with showings by appointment only.
Key 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.
Financial Insights For Office B
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 | $68.5k | $24.48 |
| − Vacancy | −$17.1k | −$6.10 |
| EGI | $51.5k | $18.38 |
| − OpEx | −$12.9k | −$4.60 |
| NOI | $38.6k | $13.79 |
2,800 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$551.5K
$482.6K – $643.5K
NOI $38,607 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Freestanding brick building with multi-office layout, conference room, kitchen, restrooms, and approximately 8 on-site parking spaces.
Where is this office building located?
The property is located at 8130 N Milwaukee Avenue Niles, IL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 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.
