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    7900 Milwaukee Ave Niles, IL 60714

    For Lease
    Contact for pricing

    Niles, IL Strip Mall - 8 Suites Available

    Lot size:
    165,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Oak Mill Plaza, located at 7900 N. Milwaukee Ave in Niles, Illinois (Cook County, zip code 60714), presents a prime retail investment opportunity. This multi-tenant strip center boasts a total of 165,516 square feet, offering eight individual suites for lease. The property provides flexible space options, with a minimum divisible space of 550 square feet and a maximum contiguous space of 5,416 square feet, catering to a variety of business needs. Currently, there are 18,816 square feet of vacant space available, presenting a significant opportunity for expansion or new tenancy. The property's strategic location in Niles, Illinois, offers excellent visibility and accessibility, making it an attractive destination for both businesses and customers. The property is classified as a Retail Strip Center and is situated in a thriving commercial area within Cook County. This is an exceptional chance to secure space in a well-established retail center with ample room for growth and development. The property's size and layout offer versatility, making it suitable for a range of retail businesses. Interested parties are encouraged to inquire about available spaces and lease terms. The property's address is easily accessible via major roadways, ensuring high traffic flow and convenient access for customers.

    Property Features for 7900 Milwaukee Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    165,516 SF

    Unit(s) available at that property

    Space
    Suite 019A
    Size
    5,000 SF
    Space
    Suite 005
    Size
    2,700 SF
    Space
    Suite 44593
    Size
    1,800 SF
    Space
    Suite 017
    Size
    5,416 SF
    Space
    Suite 012
    Size
    1,050 SF
    Space
    Suite 46784
    Size
    1,100 SF
    Space
    Suite 008
    Size
    550 SF
    Space
    Suite 7517B
    Size
    1,200 SF

    HighLights

    • Jewel‑Osco, Chicago's top grocer, is the anchor tenant.
    • Over 950,000 annual shopper visits (Placer.ai data).
    • Strong tenant mix includes Starbucks, Anytime Fitness, and Buffalo Wild Wings.
    • Excellent highway access via I‑90 & I‑94, and a short 10‑minute drive to O'Hare International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Private Home Care Home Health Care Service Samir Arvind Kakodkar ... Gastroenterologist Oak Mill Physical ... Physical Therapist Optima Dental Care, ... Dentist OmDent Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.8146345
    Latitude
    42.0246301

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    FAQs

    What type of property is this?
    Neighborhood center - Niles, IL Strip Mall - 8 Suites Available
    Where is this neighborhood center located?
    The property is located at 7900 Milwaukee Ave Niles, IL.
    What are key features of this property?
    This property features: Jewel-Osco, Chicago's top grocer, is the anchor tenant.; Over 950,000 annual shopper visits (Placer.ai data).; Strong tenant mix includes Starbucks, Anytime Fitness, and Buffalo Wild Wings.
    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
    7900 Milwaukee Ave Niles, IL 60714
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