For Sale
$895,000

6957 North Ave Oak Park, IL 60302

15-Unit Office Building, 71% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
132
This three-story, 9,148 square foot office building in Oak Park, IL presents a compelling value-add investment opportunity. Located at 6957 W North Ave, this Class C property boasts 15 units within a multi-tenant setting, currently showing 71% occupancy. Built in 1962, the building sits on a 0.21-acre lot and features a desirable location with high visibility on North Avenue (33,500 vehicles per day). The property benefits from convenient access to major roadways including I-290 and I-294, as well as public transportation via the CTA Green Line and multiple bus routes, ensuring excellent connectivity to the broader Chicago metropolitan area. The building is zoned B and offers a mix of executive and traditional office spaces, many with open concepts. Ample street parking is available, and various small suites are currently available for lease. The asking price is $895,000, making this a potentially lucrative owner/user or investment opportunity in a thriving Oak Park location. The property's strong location, combined with its potential for increased occupancy and lease rates, makes it an attractive prospect for investors seeking value-add potential in a desirable suburban market. The property's triple net (NNN) lease structure further enhances its investment appeal.

Highlights

  • 9,148 SF three-story office building on a 0.21-acre lot.
  • High visibility on North Avenue (33,500 vehicles per day).
  • Ample street parking, 15 units, open-concept office spaces available.
  • Excellent access to CTA Green Line, bus routes, I-290, and I-294.
  • Available office spaces for lease.

Property Details for 6957 North Ave

Property type
Office properties
Class
C
Year Built
1962
Buildings
1
Stories
3
Lot Size (sq. ft)
9,148 SF
Units
15

Location Insight

City
Oak Park
County
Cook
State
Illinois
Latitude
41.908925654582
Longitude
-87.801164944752

FAQs

What type of property is this?
Office property - 15-Unit Office Building, 71% Occupied
Where is the office property located?
The property is located at 6957 North Ave Oak Park, IL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 9,148 SF three-story office building on a 0.21-acre lot.; High visibility on North Avenue (33,500 vehicles per day).; Ample street parking, 15 units, open-concept office spaces available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6957 North Ave
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