6954 Touhy Ave Niles, IL 60714
- Retail space
- 5,740 SF
- 0.28 lot acres
Current Use by Public Records
- Bartosz(Bart) J Balaz: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
- Giometti Ronald P DDS / Dentist
- Access Benefit Solutions, Inc. / Insurance Agency
- Ancient Remedy Wellness Center / Wellness Center
- Metta Perspective LLC - Acupuncture and East Asian Medicine / Acupuncture Clinic / Acupuncturist
Property Details for 6954 Touhy Ave
- Year built
- 1979
- Lot size
- 0.28 lot acres
- Property size
- 5,740 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 10-30-317-019
- APU
- 1030317019
Description
This exceptional 5,790 square foot multi-tenant office building, situated at 6954 W Touhy Avenue in Niles, Illinois, presents a compelling investment opportunity. Constructed in 1979, the property boasts ten individual units, providing flexibility for a variety of tenants and maximizing rental income potential. The building's well-maintained interior and exterior contribute to its strong curb appeal and immediate leasing potential. Its strategic location offers convenient access to major transportation arteries, ensuring easy commutes for tenants and clients. Ample on-site parking is a significant advantage, addressing a key concern for potential occupants. The professional and polished exterior enhances the property's image, attracting high-quality tenants. This property represents a solid investment in a thriving area, offering a proven track record and significant potential for future growth. The building's layout and features make it an ideal choice for investors seeking a stable and profitable office building in the desirable Niles market. The 5,790 square feet of space provides ample room for various business needs, while the ten individual units allow for diverse tenant occupancy. This is a turnkey opportunity for immediate income generation and long-term appreciation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $490,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $505,000
- Mixed-Use
- $430,000
- Hospitality
- $440,000
- Educational
- $575,000
- Residential Income
- $460,000
- Energy
- $575,000
- Income-Based Land
- $490,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Niles
- County
- Cook
- State
- Illinois
- Longitude
- -87.8007
- Latitude
- 42.0125
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
