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    Property profile & analytics

    8000 Waukegan Rd Niles, IL 60714

    • Commercial real estate
    • 7,900 SF
    For Sale
    View listing
    $2,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1463795
    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

    • Village Creamery / Ice Cream Shop

    Property Details for 8000 Waukegan Rd

    Year built
    1960
    Property size
    7,900 SF
    Property type
    Commercial real estate

    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
    -87.8015
    Latitude
    42.02667

    Comparable in this City

    • $649,900
      3,006 SF

      Niles Medical Building - Great Location!

      8 Exam Rooms, High Traffic Area, Ample Parking
      7124 Touhy Ave, Niles, IL 60714
      View Details
    • $949,000
      4,029 SF

      Niles Multifamily Investment Property

      Six-unit building, 100% occupied, high rental potential
      8003 Foster Ln, Niles, IL 60714
      View Details
    • $197,600

      Niles Condo with Balcony

      One-bedroom condo in well-maintained building with in-unit laundry.
      6801 N Milwaukee Ave, Niles, IL 60714
      View Details
    • $1,400,000
      19,230 SF

      Niles Warehouse with Office Space

      19,230 SF warehouse with office space for sale.
      9250 N Willow Ln, Niles, IL 60714
      View Details
    • $649,000

      Niles Three-Flat with Updates

      Legal three-flat with updated systems and below-market rents.
      8037 N Oriole Ave, Niles, IL 60714
      View Details
    • $699,000
      5,790 SF

      Niles Office Building: Prime Location

      Multi-tenant office building, excellent investment.
      6954 Touhy Ave, Niles, IL 60714
      View Details

    Similar Nearby for Sale

    • $649,900
      3,006 SF

      Niles Medical Building - Great Location!

      8 Exam Rooms, High Traffic Area, Ample Parking
      7124 Touhy Ave, Niles, IL 60714
      View Details
    • $949,000
      4,029 SF

      Niles Multifamily Investment Property

      Six-unit building, 100% occupied, high rental potential
      8003 Foster Ln, Niles, IL 60714
      View Details
    • $197,600

      Niles Condo with Balcony

      One-bedroom condo in well-maintained building with in-unit laundry.
      6801 N Milwaukee Ave, Niles, IL 60714
      View Details
    • $1,400,000
      19,230 SF

      Niles Warehouse with Office Space

      19,230 SF warehouse with office space for sale.
      9250 N Willow Ln, Niles, IL 60714
      View Details
    • $649,000

      Niles Three-Flat with Updates

      Legal three-flat with updated systems and below-market rents.
      8037 N Oriole Ave, Niles, IL 60714
      View Details
    • $699,000
      5,790 SF

      Niles Office Building: Prime Location

      Multi-tenant office building, excellent investment.
      6954 Touhy Ave, Niles, IL 60714
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      160,000 SF

      Niles Medical Office Space Available

      Class A Medical Office, 5,000 SF Vacant
      8975 Golf Rd, 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
    • Contact for pricing
      220,964 SF

      Dempster Plaza Retail Space for Lease

      Niles, IL Strip Center with High Traffic
      8650 Dempster St, Niles, IL 60714
      View Details
    • Contact for pricing
      165,516 SF

      Oak Mill Plaza Retail Center

      Niles, IL Strip Mall - 8 Suites Available
      7900 Milwaukee Ave, Niles, IL 60714
      View Details
    • Contact for pricing
      32,028 SF

      Retail Anchor Space Available

      32,028 SF divisible anchor space in Niles, Illinois.
      7255 W Dempster St, Niles, IL 60714
      View Details
    • Contact for pricing
      2,686 SF

      Retail Space on Milwaukee Avenue

      Highly visible shopping center space for rent in Niles, IL.
      7740-7752 N Milwaukee Ave, Niles, IL 60714
      View Details
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    8000 Waukegan Rd
    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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