Freestanding Brick
For Sale
$499,000
8136 N Milwaukee Avenue, Niles, IL 60714
Commercial Sale, Niles, IL
Property Size2,800 SF
Lot Size0.07 Acres
Price / SF$178.21
Days on Market245
Property Features for 8136 N Milwaukee Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Oakton to Milwaukee N on the LHS
Subdivision
Niles
Standard status
Active
APN
09243150080000
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
20406
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
Listed By:
Andrzej Olszowka
(773) 792-3000
Added: Feb 26
Changed: Oct 28
Last Checked: Oct 29 at 12:06PM
MLS# 12576734
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.
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Investment Insights
Based on property information with market context.
This freestanding brick storefront contains approximately 2,800 SF with an interior arrangement of private rooms and offices, a conference room, kitchen, and two restrooms. Wood and tile flooring, central air, and construction dating to 1976 are also reported. The property is zoned COMMR and is currently occupied on a month-to-month basis, with potential for owner-user or investment-oriented occupancy subject to applicable approvals.
Positioned on Milwaukee Avenue in Niles near the Milwaukee/Oakton commercial corridor, the building offers prominent street exposure and approximately 8 on-site parking spaces. Reported traffic volume is approximately 27,000 vehicles per day. The existing configuration may accommodate retail, service, showroom, or professional business concepts, subject to Village approval and applicable zoning and parking requirements.
Positioned on Milwaukee Avenue in Niles near the Milwaukee/Oakton commercial corridor, the building offers prominent street exposure and approximately 8 on-site parking spaces. Reported traffic volume is approximately 27,000 vehicles per day. The existing configuration may accommodate retail, service, showroom, or professional business concepts, subject to Village approval and applicable zoning and parking requirements.
Key Highlights
- Approximately 2,800 SF freestanding brick commercial building
- Approximately 8 on‑site parking spaces
- Traffic counts of approximately 27,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,864
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,280
$777.3K
Cap Rate 7%
$555,200
$555.2K
Cap Rate 9%
$431,822
$431.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$60.5K $21.60/SF
− Vacancy
−$5.0K −$1.77/SF
EGI
$55.5K $19.83/SF
− OpEx
−$16.7K −$5.95/SF
NOI
$38.9K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,280
Cap Rate 7%
$555,200
Cap Rate 9%
$431,822
Alternative Uses
Best Use
Retail
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
27,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 30%
Shops & Services 14%
Jewel-Osco
Groceries
44,178 visits/mo
0.3 miles
Starbucks
Dining
12,069 visits/mo
0.3 miles
Dunkin' Donuts
Dining
7,263 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,917 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
5,500 visits/mo
0.4 miles
Demographics for 60714, IL
31,006
Population
11,867
Households
2.6
Avg Household Size
49
Median Age
39%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
4,922
Density / Sq Mi
$78,868
Median Household Income
$46,553
Median Earnings
$1,247
Median Rent
$351,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Niles Flower & Gift(Forever Green Flowers) — 7570 N Milwaukee Ave, Chicago, IL 60631
- Daisy Flower — Niles, IL 60714
- Forever Green Flowers (Niles Flowers) — 7667 n milwaukee ave, niles, il 60714
- Niles Flowers & Gift — 7667 n milwaukee ave, niles, il 60714
- Your Elegant Occasions — 8064 n milwaukee ave, niles, il 60714
Frequently Asked Questions
What type of property is this?
Storefront property - Multiple offices, a conference room, kitchen, and restrooms support varied commercial layouts.
Where is this storefront property located?
The property is located at 8136 N Milwaukee Avenue Niles, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 2,800 SF freestanding brick commercial building; Approximately 8 on‑site parking spaces; Traffic counts of approximately 27,000 vehicles per day
