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    Freestanding Building on Milwaukee Avenue Title is generated by Realmo AI

    8136 N Milwaukee Avenue, Niles, IL 60714

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    For Sale
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    Highly visible commercial building with parking and flexible layout.

    Type:Office, Retail
    Property size:
    2,800 SF
    Price / SF:
    $188/SF
    Added:
    Feb 26, 2026
    Days on Market:
    80
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 8136 N Milwaukee Avenue

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1976

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    Listing Contact
    Andrzej "Andrew" Olszowka

    Listing agent Andrzej "Andrew" Olszowka License #IL476.160900

    Listing office Troy Companies

    Listing date Feb 26, 2026

    Source Crexi

    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 Troy Companies

    HighLights

    • High‑visibility location on Milwaukee Avenue with 27,000 vehicles per day
    • Freestanding 2,800 SF commercial building
    • Flexible layout suitable for retail, service, office, or medical use
    • Approximately 8 on‑site parking spaces
    • Month‑to‑month occupancy allows for flexible delivery options
    • Seller open to discussing various sale structures including potential lease‑back

    Overview

    This freestanding commercial building is located on Milwaukee Avenue, near the Oakton Street commercial corridor. The building offers approximately 2,800 square feet of space on a wide lot, which includes approximately 8 on-site parking spaces. The location provides strong exposure, with approximately 27,000 vehicles passing by daily on Milwaukee Avenue. The brick building has a strong street presence and convenient customer parking. The current configuration is professional office space, featuring multiple private rooms, a conference area, a kitchen, and restrooms. The flexible layout allows for retail or service-oriented reconfiguration. The property is suitable for retail, service, showroom, medical, professional office, or destination business use, subject to zoning and municipal approval. Month-to-month occupancy provides flexible delivery options. The seller is open to discussing various sale structures, including potential lease-back options.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $431.8K
    NOI $38,864 @ 9.00% cap · cautious / downside scenario
    Moderate
    $555.2K
    NOI $38,864 @ 7.00% cap · market / base-case scenario
    Aggressive
    $777.3K
    NOI $38,864 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Retail

    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
    2,800 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $555.2K
    $485.8K – $647.7K (±1% cap)
    NOI $38,864 @ 7.0% cap · market cap 7.35%
    Second Best
    Office B
    $551.5K
    $482.6K – $643.5K (±1% cap)
    NOI $38,607 @ 7.0% cap · market cap 7.30%
    Theoretical Best
    Office A
    $966.7K
    $845.9K – $1.13M (±1% cap)
    NOI $67,670 @ 7.0% cap · market cap 12.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Niles Flower & Gift(Forever Green Flowers) 7570 N Milwaukee Ave, Chicago, IL 60631
    • Niles Flowers & Gift 7667 n milwaukee ave, niles, il 60714
    • Forever Green Flowers (Niles Flowers) 7667 n milwaukee ave, niles, il 60714
    • Your Elegant Occasions 8064 n milwaukee ave, niles, il 60714
    • Daisy Flower Niles, IL 60714

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.816937
    Latitude
    42.0288373

    FAQs

    What type of property is this?
    Storefront property - Highly visible commercial building with parking and flexible layout.
    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 $529,000.
    What are key features of this property?
    This property features: High‑visibility location on Milwaukee Avenue with 27,000 vehicles per day; Freestanding 2,800 SF commercial building; Flexible layout suitable for retail, service, office, or medical use
    More about this property
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