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    5940 Touhy Ave Niles, IL 60714

    Sponsored
    For Lease
    $8 SF/Yr

    Niles office building, newly renovated, multiple suites.

    Lot size:
    36,605 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Touhy Office Center, a Class B, three-story building at 5940 W Touhy Ave, Niles, IL 60714, offers 36,605 square feet of versatile office space. This single building, situated on 2.43 acres of land, underwent renovations in 2023, boasting updated interior hallways and move-in ready suites ranging from 240 to 3,808 square feet. The property features ample parking, catering to both tenants and visitors. Building amenities include elevators. The building is zoned for commercial use and is conveniently located near the intersection of Touhy Avenue and Lehigh. The property is ideal for various office uses, including executive, traditional, medical, and creative office spaces. Multiple tenancy options are available. Built in 1981, this Cook County property offers a prime location in Niles, Illinois, a community recognized for its family-friendly environment, excellent schools, and convenient access to public transportation (including free village bus service), numerous parks, and abundant shopping options. The Village Crossing Shopping Center, within walking distance, provides a wide array of dining and retail choices, including popular restaurants like Naf Naf Grill, Graziano's, and many others. Niles has received high rankings from Niche.com and Businessweek.com for its quality of life and affordability.

    Property Features for 5940 Touhy Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,605 SF
    Class
    B
    Total Rate
    24403.33

    Building Details

    Year Built/Renovated
    1981/2023
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    185
    Size
    1,152 SF
    Rate per SF
    $17
    Space
    370
    Size
    240 SF
    Rate per SF
    $17
    Space
    230
    Size
    1,405 SF
    Rate per SF
    $17
    Space
    310-A
    Size
    465 SF
    Rate per SF
    $17
    Space
    300
    Size
    1,983 SF
    Rate per SF
    $17
    Space
    305
    Size
    1,246 SF
    Rate per SF
    $17
    Space
    LL-2
    Size
    281 SF
    Rate per SF
    $8
    Space
    202
    Size
    1,801 SF
    Rate per SF
    $17
    Space
    200
    Size
    3,808 SF
    Rate per SF
    $17
    Space
    385
    Size
    1,380 SF
    Rate per SF
    $17
    Space
    240
    Size
    1,368 SF
    Rate per SF
    $17
    Space
    320
    Size
    1,927 SF
    Rate per SF
    $17

    HighLights

    • Class B, three‑story office building totaling 36,605 square feet.
    • Recently renovated (2023) with updated hallways and move‑in ready suites (240‑3,808 SF).
    • Ample parking and elevator service.
    • Located at 5940 W Touhy Ave, Niles, IL 60714, near Touhy Ave and Lehigh intersection.
    • Zoned for commercial use, suitable for various office types.
    Property Profile Location Intelligence

    Current Use by Public Records

    O'Donoghue Builders, Inc. General Contractor Imperial Realty Company Real Estate Agency Apple On Call Inc Electronics Store TeamLogic IT Computer Support And Services AAA Engineering Engineer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.774784103791
    Latitude
    42.01199423743

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    FAQs

    What type of property is this?
    Office space - Niles office building, newly renovated, multiple suites.
    Where is this office space located?
    The property is located at 5940 Touhy Ave Niles, IL.
    What is the lease rate?
    The lease rate is $8-$17 SF/Yr.
    What are key features of this property?
    This property features: Class B, three-story office building totaling 36,605 square feet.; Recently renovated (2023) with updated hallways and move-in ready suites (240-3,808 SF).; Ample parking and elevator service.
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    5940 Touhy Ave Niles, IL 60714
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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

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    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
    5940 Touhy Ave Niles, IL 60714
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