Property profile

7312 Milwaukee Ave Niles, IL 60714

OFF-MARKET
Industrial properties
Property ID
US28-0372358
0.07 ac lot Built 1958
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This meticulously maintained 2,375 square foot office building, constructed in 1961, presents a compelling investment opportunity in the thriving commercial hub of Niles, Illinois. Situated at 7312 N Milwaukee Avenue, the property boasts a sleek exterior and well-appointed interior spaces, offering a versatile layout adaptable to a variety of business needs. Its established presence and historic charm create an inviting and productive work environment. The building's strategic location provides convenient access to major thoroughfares, ensuring easy commutes for employees, clients, and visitors. This is an exceptional chance to acquire a cornerstone asset in a vibrant and growing area. The property is offered at $415,000. While the lot size is negligible (0 acres), the building's substantial square footage and prime location make it an attractive proposition for investors seeking a strong return. The building's age (1961) speaks to its enduring quality and construction, while its modern interior offers a blend of classic charm and contemporary functionality. This is a rare opportunity to own a well-established office building in a highly desirable location. The property's potential for growth and its strong location make it an ideal investment for both seasoned and new investors alike. Serious inquiries are encouraged.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1958
Lot 0.07 ac (2,975 SF)
APN 10-30-320-006
UPID US28-0372358

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Production Facility

Location

7312 Milwaukee Ave Niles, IL 60714-4310
Niles metro Census 808100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2025
Last sale
$270,000
7 recorded transactions
2025
$270,000
2019
$205,000
2017
Price N/A
2002
$235,000
1999
$160,000
1969
Price N/A
1969
Price N/A

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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