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    Property profile & analytics

    7900 Milwaukee Ave Niles, IL 60714

    • Grocery and convenience stores
    • 3.61 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-2400653
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Private Home Care / Home Health Care Service
    • Samir Arvind Kakodkar MD / Gastroenterologist
    • Oak Mill Physical Therapy / Physical Therapist
    • Optima Dental Care, Crystal S. Baik, DDS / Dentist / Cosmetic Dentist
    • OmDent / Dentist

    Property Details for 7900 Milwaukee Ave

    Year built
    1975
    Lot size
    3.61 lot acres
    Property type
    Grocery and convenience stores
    APN
    09-25-201-029
    APU
    925201029

    Description

    Oak Mill Plaza, located at 7900 N. Milwaukee Ave in Niles, Illinois (Cook County, zip code 60714), presents a prime retail investment opportunity. This multi-tenant strip center boasts a total of 165,516 square feet, offering eight individual suites for lease. The property provides flexible space options, with a minimum divisible space of 550 square feet and a maximum contiguous space of 5,416 square feet, catering to a variety of business needs. Currently, there are 18,816 square feet of vacant space available, presenting a significant opportunity for expansion or new tenancy. The property's strategic location in Niles, Illinois, offers excellent visibility and accessibility, making it an attractive destination for both businesses and customers. The property is classified as a Retail Strip Center and is situated in a thriving commercial area within Cook County. This is an exceptional chance to secure space in a well-established retail center with ample room for growth and development. The property's size and layout offer versatility, making it suitable for a range of retail businesses. Interested parties are encouraged to inquire about available spaces and lease terms. The property's address is easily accessible via major roadways, ensuring high traffic flow and convenient access for customers.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Niles
    County
    Cook
    State
    Illinois
    Longitude
    -87.8141
    Latitude
    42.0249
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $305,877
    $550,459
    $631,552
    $1,182,011
    -
    $2,201,836
    $2,526,208
    $4,728,044

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      9555 Milwaukee Ave

      GROCERY, SUPERMARKET • 2.50 Acres
      9555 Milwaukee Ave, Niles, IL 60714-1211
      View Details
    • Value Estimation by Request

      6250 Touhy Ave

      GROCERY, SUPERMARKET
      6250 Touhy Ave, Niles, IL 60714-4612
      View Details
    • Value Estimation
      $1,300,000
      0.43 Acres

      7760 Milwaukee Ave, Unit 80

      GROCERY, SUPERMARKET • 0.43 Acres
      7760 Milwaukee Ave, Niles, IL 60714-4707
      View Details
    • Value Estimation by Request
      8.52 Acres

      7801 Waukegan Rd

      GROCERY, SUPERMARKET • 8.52 Acres
      7801 Waukegan Rd, Niles, IL 60714
      View Details
    • Value Estimation by Request
      7.68 Acres

      8900 Greenwood Ave

      GROCERY, SUPERMARKET • 7.68 Acres
      8900 Greenwood Ave, Niles, IL 60714-5163
      View Details
    • Value Estimation by Request
      0.12 Acres

      8160 Milwaukee Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      8160 Milwaukee Ave, Niles, IL 60714-2829
      View Details

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      Niles Office Building: Prime Location

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    Similar Nearby for Lease

    • $15 SF/Yr
      600 SF

      Niles Garage Space For Rent

      600 SF garage space with ample parking available for rent.
      7946-7954 W Oakton St, Niles, IL 60714
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      Prime Retail/Office Space Available

      High-visibility retail or office space in Niles, IL.
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      Retail Outlot Space Available

      Proposed retail outlot space available for lease.
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      4,522 SF

      Retail Space in Niles, Illinois

      Retail space available for rent in Niles, Illinois.
      8900-8938 N Greenwood Ave, Niles, IL 60714
      View Details
    • $22 SF/Yr
      1,013 SF

      Niles Retail or Office Space

      Retail or office space with high visibility and ample parking.
      8850 N Milwaukee Ave, Niles, IL 60714
      View Details
    • Contact for pricing
      33,228 SF

      Niles Center Retail Spaces Available

      Prime Retail, Two Spaces, High Traffic
      7233 Dempster St, Niles, IL 60714
      View Details
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    7900 Milwaukee Ave
    Niles, IL 60714
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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