6955 North AveOak Park, IL 60302

Property Details for 6955 North Ave

Lot size

0.14 AC

Property size (Sq ft)

6,700 SF

Property type

Retail properties

Property subtype

Office properties

Description

This Oak Park, IL property offers a compelling value-add investment opportunity. The 6,700 square foot, two-story building features twelve units, currently at 45% occupancy. Located at 6955 W North Ave, this multi-tenant property boasts a prime location with excellent visibility on North Avenue (33,500 vehicles per day), just east of Harlem Avenue. The building includes rear parking and offers a mix of executive office, medical office, and storefront spaces, making it suitable for a variety of tenants. Its convenient access to major roadways, including I-290 and I-294, as well as public transportation (CTA Green Line and multiple bus routes), ensures seamless connectivity to the broader Chicago metropolitan area. The property sits on a 0.14-acre lot and is zoned B. The building's flexible layout and diverse unit sizes provide opportunities for increased occupancy and rental income. This is an exceptional chance to acquire a well-situated commercial property in the thriving Oak Park community, a desirable upscale area just nine miles west of Chicago's central business district. The property's strong location, combined with its potential for increased occupancy and rental income, makes it an attractive investment for those seeking value-add opportunities in a vibrant and accessible market. The asking price is $575,000, and the property is offered as a NNN lease.

Location Insight

City

Oak Park

County

Cook

State

Illinois

Latitude

41.9089

Longitude

-87.8009

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