Property profile

6912 W Roosevelt Rd Oak Park, IL 60304

FOR SALE
Retail space
Property ID
US28-1467970
0.31 ac lot Built 1920
Individually Owned 30-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This ±8,600 square foot retail strip center, situated on a 0.31-acre lot in Oak Park, Illinois, presents a compelling leasing opportunity. Currently 46% occupied, the eight-unit property boasts high visibility and a prime location within walking distance of the Oak Park CTA Blue Line station and near I-290. The property benefits from its proximity to major roadways, including I-290 and I-294, as well as the CTA Green Line and multiple bus routes, ensuring excellent accessibility for both customers and employees. This strategic location within the vibrant Oak Park community, a popular shopping and dining destination just nine miles west of Chicago's central business district, offers significant potential for growth. Existing tenants include established businesses such as Needful Things, Smeltekop Repair, and Sutor Heating & Cooling, creating a strong foundation for new businesses to thrive. The property's address is 6912 W Roosevelt Rd, Oak Park, IL 60304, in Cook County. This is an exceptional opportunity to establish a presence in a thriving, upscale community with convenient access to public transportation and major thoroughfares. The property is classified as Retail and Executive Office space, offering multiple tenancy options.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Lot 0.31 ac (13,711 SF)
APN 16-18-327-016
UPID US28-1467970

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6912 W Roosevelt Rd Oak Park, IL 60304
Oak Park metro Census 813200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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