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Renovated Office Building in Niles
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5940 W Touhy Ave, Niles, IL 60714

Three-story office building with ample parking and recent renovations.

Space Size1,246 SF - 3,808 SF
Property Size36,605 SF
Days on Market1864

Property Features for 5940 W Touhy Ave

General Information

Standard status Active
Size 1,246 SF - 3,808 SF
Class B
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 36,605 SF
Year Built 1981
Tenancy Multiple

Spaces For Lease

at 5940 W Touhy Ave Contact us

240

Size
1,368 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

202

Size
1,801 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

320

Size
1,927 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

385

Size
1,380 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

200

Size
3,808 SF
Type
Office
Availability
Active
Contact us

230

Size
1,405 SF
Type
Office
Availability
Active
Contact us

305

Size
1,246 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Imperial Realty Company
Listed By: Theron May · License #IL 471.019986
Source: Crexi
Added: Jul 29, 2021 Changed: Aug 13 Last Checked: Sep 1 at 7:45AM

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 Imperial Realty Company

Investment Insights

Based on property information with market context.

The property at 5940 Touhy is a three-story professional office building available for lease, located in Niles, Illinois. The building provides ample parking for tenants and visitors. The interior hallways have been recently renovated, and the offices are move-in ready. Niles is recognized for its ease of public transit, featuring a free bus service within the village. The area includes 20 park sites, multiple shopping centers, and a public school system. The property is located within walking distance of Village Crossing Shopping Center, which includes restaurants such as Naf Naf Grill, Graziano's, Wingstop, Brickhouse Tavern, Noodles & Co, Al's Italian Beef, Buffalo Wild Wings, Corner Bakery Café, Panda Express, Chipotle, Subway, Jersey Mike's, Bar Louie, and Red Robin.

Key Highlights

  • Recently renovated with new interior hallways and move‑in ready offices.
  • Ample parking for tenants and visitors.
  • Located in Niles, Illinois, voted the Best Place to Raise a Family in Illinois.

Property Analytics

Current Use

O'Donoghue Builders, Inc. Construction Company Imperial Realty Company Real Estate Agency Apple On Call Inc Electronics & Wireless Store TeamLogic IT Tech Support Center AAA Engineering Engineer

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Hotel & Motel Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,102
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building with ample parking and recent renovations.
Where is this office building located?
The property is located at 5940 W Touhy Ave Niles, IL.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Recently renovated with new interior hallways and move‑in ready offices.; Ample parking for tenants and visitors.; Located in Niles, Illinois, voted the Best Place to Raise a Family in Illinois.
(773) 736-6461 Call to check price and availability
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