Prime Chicago Office Space: Multiple Suites Available
Lot size:
45,000 SF
Description
Added:
Dec 11, 2024
Days on Market:
393
This exceptional 45,000 square-foot office building, situated on 0.8 acres at 9415 S Western Ave, Chicago, IL 60643 (95th and Western), presents a unique investment opportunity. Built in 1973 and extensively renovated in 2022, this Class B property boasts a prime location in the thriving Beverly community, adjacent to Evergreen Park. The building features one structure with two stories and includes elevators. It offers multiple tenancy options, with 11 available spaces ranging from 175 to 2,022 square feet, suitable for various business needs, including executive, traditional, medical, and creative office uses. The property is zoned commercial and located in Cook County. Its strategic position benefits from high daily traffic counts on Western Avenue (57,200 vehicles) and 95th Street (59,600 vehicles). The surrounding area is rich with retail amenities, including nearby Evergreen Plaza (Whole Foods, Burlington, TJ Maxx, etc.) and other major retail centers (Sam's Club, Walmart, etc.). Little Company of Mary Hospital is just two blocks away. Excellent public transportation access is provided by Pace bus routes (#48, #349, #381, #395) and proximity to the Metra Rock Island District Beverly Hills Station. The area boasts a strong demographic profile, with 732 businesses within a one-mile radius (29% retail), a population of 17,096, an average household income of $102,192, and 2.76 persons per household. Easy access to I-57 and I-94 further enhances its appeal. Beverly's reputation for safety, stability, and diverse culture makes this a highly desirable location.
Property Features for 9415 Western Ave
General Information
Property type
Office space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
45,000 SF
Class
B
Total Rate
18750
Building Details
Year Built/Renovated
1973/2022
Buildings
1
Stories
2
Unit(s) available at that property
Space
111
Size
449 SF
Rate per SF
$14
Space
113
Size
175 SF
Rate per SF
$22
Space
102
Size
490 SF
Rate per SF
$22
Space
109
Size
1,245 SF
Rate per SF
$23
Space
102
Size
490 SF
Rate per SF
$23
Space
210
Size
737 SF
Rate per SF
$23
Space
LL-A
Size
759 SF
Rate per SF
$16
Space
119
Size
277 SF
Rate per SF
$23
Space
STO-boiler room
Size
270 SF
Rate per SF
$5
Space
120
Size
2,022 SF
Rate per SF
$23
Space
112
Size
709 SF
Rate per SF
$23
HighLights
45,000 SF office building on 0.8 acres at 9415 S Western Ave, Chicago, IL.
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Office space - Prime Chicago Office Space: Multiple Suites Available
Where is this office space located?
The property is located at 9415 Western Ave Chicago, IL.
What is the lease rate?
The lease rate is $5-$23 SF/Yr.
What are key features of this property?
This property features: 45,000 SF office building on 0.8 acres at 9415 S Western Ave, Chicago, IL.; Class B property, extensively renovated in 2022.; 11 available suites ranging from 175 to 2,022 SF.
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9415 Western Ave Chicago, IL 60643
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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.
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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
9415 Western Ave Chicago, IL 60643
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9415 Western Ave, Chicago, IL
Theron May
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9415 Western Ave, Chicago, IL
Theron May
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9415 Western Ave, Chicago, IL
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9415 Western Ave, Chicago, IL
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9415 Western Ave, Chicago, IL
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to 9415 Western Ave Chicago, IL 60643
9415 Western Ave, Chicago, IL
Theron May
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