6142 Roosevelt Rd Oak Park, IL 60304

Property Details for 6142 Roosevelt Rd

Year built

1952

Lot size

0.09 lot acres

Property type

Retail space

Property subtype

Storefront properties

APN

16-17-328-031

APU

1617328031

Description

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.

Location Insight

City

Oak Park

County

Cook

State

Illinois

Longitude

-87.7789

Latitude

41.8657

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments