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    FOR SALE
    Retail space

    6912 W Roosevelt Rd, Oak Park, IL 60304

    0.31 ac lot Built 1920
    Individually Owned 30-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-1467970
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    JACK W STRAND
    JACK W STRAND
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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