Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office and Medical Building Title is generated by Realmo AI

    4433 W Touhy Ave, Lincolnwood, IL 60712

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office and medical building in Lincolnwood near expressway and shopping.

    Type:Office
    Added:
    Aug 2, 2021
    Days on Market:
    1769
    Last Refresh:
    May 12 at 10:15 pm

    Property Features for 4433 W Touhy Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 4433 W Touhy Ave Contact us

    406 $22/Mo

    Size
    469 SF
    Type
    Office
    Contact us

    440 $22/Mo

    Size
    692 SF
    Type
    Office
    Contact us

    240 $22/Mo

    Size
    688 SF
    Type
    Office
    Contact us

    402 $20/Mo

    Size
    811 SF
    Type
    Office
    Contact us

    410 $22/Mo

    Size
    1,242 SF
    Type
    Office
    Contact us

    225 $22/Mo

    Size
    1,075 SF
    Type
    Office
    Contact us

    300 $20/Mo

    Size
    613 SF
    Type
    Office
    Contact us

    420 $22/Mo

    Size
    1,022 SF
    Type
    Office
    Contact us

    209 $22/Mo

    Size
    371 SF
    Type
    Office
    Contact us

    512 $22/Mo

    Size
    1,950 SF
    Type
    Office
    Contact us

    335 $22/Mo

    Size
    6,019 SF
    Type
    Office
    Contact us

    470 $22/Mo

    Size
    1,200 SF
    Type
    Office
    Contact us

    245 $22/Mo

    Size
    1,284 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Theron May

    Listing agent Theron May License #IL 471.019986

    Listing office Imperial Realty Company

    Listing date Aug 2, 2021

    Source Crexi

    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

    HighLights

    • Prime location at the corner of Lincoln and Touhy Avenue in Lincolnwood, near the Purple Hotel redevelopment site.
    • Convenient access to transportation: 20 minutes from O'Hare Airport and Chicago's Loop, and close to the Edens Expressway (I‑94).
    • Professional office and medical building with impressive views and operable windows.
    • Ample parking available for tenants and customers.
    • Includes 5‑day janitorial service and HVAC.
    • Close proximity to numerous restaurants and the Village Crossing Shopping Center.

    Overview

    The Republic Bank Building is a professional office and medical building located at 4433 West Touhy Avenue in Lincolnwood, situated at the corner of Lincoln Avenue and Touhy Avenue. It is across from the Purple Hotel redevelopment site and minutes east of the Edens Expressway (I-94) interchange at Touhy Avenue. The property is conveniently located 20 minutes from O'Hare Airport, 20 minutes from Chicago's Loop, and 10 minutes from Lake Cook Road, providing accessibility for tenants and customers from the north and northwest suburbs. The building features impressive views with operable windows, generous parking, 5-day janitorial service, and HVAC. Nearby restaurants include New York Bagel, Taste of Cuba Café, Meatheads, Lou Malnati's, Pita Place, East of Eden, Red Robin, Buffalo Wild Wings, Chipotle, Corner Bakery Café, and Panda Express. It is also just minutes away from Village Crossing Shopping Center. The Village of Lincolnwood is located approximately 10 miles north of downtown Chicago and has a strong base of residential, commercial, and light manufacturing properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnwood
    County
    McLean
    State
    Illinois
    Longitude
    -87.731
    Latitude
    42.0082

    Nearby Similar for Lease

    • Contact for pricing
      63,357 SF

      Industrial Single Tenant Space Available

      Industrial space for rent, ranging from 14,817 to 63,357 SqFt.
      3650 W Pratt Ave, Lincolnwood, IL 60712
      View Details
    • Contact for pricing
      41,216 SF

      Retail Space Near Lincolnwood Center

      Retail space with high visibility near Lincolnwood Town Center.
      6840 North McCormick Boulevard, Lincolnwood, IL, 60712
      View Details
    • $20 SF/Yr

      Professional Office and Medical Building

      Office and medical building in Lincolnwood near District 1860.
      4433 W Touhy Avenue, Lincolnwood, IL 60712
      View Details
    • $16 SF/Yr

      Lincolnwood Corporate Center Office Space

      Professional office building for lease in Lincolnwood with high parking ratio.
      7301-7337 N Lincoln Avenue, Lincolnwood, IL 60712
      View Details
    • Contact for pricing

      Retail Space at Devon & Crawford

      Retail space available at a lighted intersection near Bryn Mawr.
      3934 W Devon Ave, Lincolnwood, IL 60712
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      6840 N McCormick Blvd, Lincolnwood, IL 60712
      View Details
    • $6 SF/Yr

      Lincolnwood Corporate Center Office Space

      Office and warehouse space available near Edens Expressway.
      7301 Lincoln Ave, Lincolnwood, IL 60712
      View Details
    • Contact for pricing
      50,000 SF

      Flexible Warehouse and Office Space

      Short and long-term warehouse and office spaces available for rent.
      7080 N McCormick Blvd, Lincolnwood, IL 60712
      View Details

    FAQs

    What type of property is this?
    Office building - Office and medical building in Lincolnwood near expressway and shopping.
    Where is this office building located?
    The property is located at 4433 W Touhy Ave Lincolnwood, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime location at the corner of Lincoln and Touhy Avenue in Lincolnwood, near the Purple Hotel redevelopment site.; Convenient access to transportation: 20 minutes from O'Hare Airport and Chicago's Loop, and close to the Edens Expressway (I‑94).; Professional office and medical building with impressive views and operable windows.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Theron May
    Real Estate License ID: IL 471.019986
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4433 W Touhy Ave, Lincolnwood, IL 60712
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!