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    6142 Roosevelt Rd Oak Park, IL 60304

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    For Sale
    Contact for pricing

    9,000 SF Multi-Tenant Office Building

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a ±9,000 square foot, two-story office building situated on a 0.12-acre lot in Oak Park, Illinois. The property, constructed in 1956, features sixteen individual units, currently 60% occupied, offering a blend of executive, medical, and traditional office spaces. Its prime location on West Roosevelt Road provides high visibility, benefiting from approximately 17,000 vehicles per day. The building's convenient access to city-owned parking enhances its appeal. Its multi-tenant structure allows for flexible leasing options catering to diverse business needs. The property enjoys excellent connectivity to major transportation arteries, including I-290 and I-294, the CTA Green Line, and numerous bus routes, ensuring seamless access to the broader Chicago metropolitan area. This strategic location within Oak Park, a vibrant community known for its upscale atmosphere and proximity to the Chicago Business District (nine miles west), positions the property favorably within a thriving retail and dining destination. The building's Class C designation reflects its potential for value enhancement through strategic improvements. The property is offered as a NNN lease, and the parcel numbers are 16-17-328-033-0000 and 16-18-328-031-0000. This presents a compelling opportunity for investors seeking a well-located, multi-tenant property with significant upside potential.

    Property Features for 6142 Roosevelt Rd

    General Information

    Property type
    Medical offices
    Square Feet
    9,000 SF
    Class
    C
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    2
    Units
    16

    HighLights

    • ±9,000 SF office building on a 0.12‑acre lot in Oak Park, IL.
    • Flexible office, retail, and medical suites of various sizes.
    • 16‑unit building, 60% occupied, with high visibility on West Roosevelt Road.
    • Adjacent to city‑owned parking.
    • Excellent access to I‑290 and public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Zenergy Integrative Health Alternative Medicine Practitioner Oak Park Clinic Doctor Acuwerks Acupuncture Clinic Brian King DPM Podiatrist Evoluzion Health Massage Spa

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.778754376021
    Latitude
    41.865431997607

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    FAQs

    What type of property is this?
    Medical office - 9,000 SF Multi-Tenant Office Building
    Where is this medical office located?
    The property is located at 6142 Roosevelt Rd Oak Park, IL.
    What are key features of this property?
    This property features: ±9,000 SF office building on a 0.12-acre lot in Oak Park, IL.; Flexible office, retail, and medical suites of various sizes.; 16-unit building, 60% occupied, with high visibility on West Roosevelt Road.
    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
    6142 Roosevelt Rd Oak Park, IL 60304
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