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    6912 Roosevelt Rd Oak Park, IL 60304

    For Sale
    $1,150,000

    8-unit storefront, high visibility, value-add.

    Property size:
    8,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a ±8,600 square foot, eight-unit retail storefront building situated on a 0.31-acre lot in the vibrant Oak Park, Illinois market. Located at 6912 W Roosevelt Rd, 60304, this property boasts a prominent 15-foot frontage on Roosevelt Road, a major thoroughfare with a high volume of daily traffic (17,000 vehicles per day), and features display windows for optimal visibility. Currently 46% occupied, this value-add property offers significant upside potential. The building, constructed in 1922, provides ample parking behind the structure for customer and tenant convenience. Its strategic location offers easy access to the Oak Park CTA Blue Line station and major roadways including I-290 and I-294, ensuring excellent connectivity to the broader Chicago metropolitan area and facilitating both customer traffic and employee commuting. The property is situated in a thriving retail corridor, alongside established businesses, making it an attractive proposition for both investors and potential tenants. This is a rare chance to acquire a well-positioned retail property in a desirable, upscale community just nine miles west of Chicago's central business district, known for its strong shopping and dining scene. The property is offered as a Net Net Net (NNN) lease. The Cook County Assessor's Parcel Number (APN) is 16-18-327-016-0000.

    Property Features for 6912 Roosevelt Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,600 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1922
    Buildings
    1

    HighLights

    • 8,600 SF retail strip center on a 0.31‑acre lot.
    • Eight (8) retail units, currently 46% occupied, offering high visibility.
    • 15‑foot frontage on Roosevelt Road (17,000 vehicles per day) with prominent display windows.
    • On‑site parking located behind the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.79764614409
    Latitude
    41.865120422246

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    FAQs

    What type of property is this?
    Individual retail property - 8-unit storefront, high visibility, value-add.
    Where is this individual retail property located?
    The property is located at 6912 Roosevelt Rd Oak Park, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 8,600 SF retail strip center on a 0.31-acre lot.; Eight (8) retail units, currently 46% occupied, offering high visibility.; 15-foot frontage on Roosevelt Road (17,000 vehicles per day) with prominent display windows.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6912 Roosevelt Rd Oak Park, IL 60304
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