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    Property profile & analytics
    OFF-MARKET Estimated value $505,000
    Grocery and convenience stores

    7900 Milwaukee Ave, Niles, IL 60714-3159

    3.61 ac lot Built 1975
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US28-2400653
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1975
    Lot 3.61 ac (157,252 SF)
    APN 09-25-201-029
    UPID US28-2400653
    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
    Current use
    Occupant on record · Public records
    • Private Home Care Home Health Care Service
    • Samir Arvind Kakodkar MD Physician
    • Oak Mill Physical Therapy Physician
    • Optima Dental Care, Crystal S. Baik, DDS Dental Office
    • OmDent Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $505k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $505k
    Owner & transaction history
    Oak Mill Station II LLC · 9 yrs held
    Oak Mill Station II LLC
    since 2016
    1 recorded transaction
    2016
    $10.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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