3500 Peterson AveChicago, IL 60659

Property Details for 3500 Peterson Ave

Year built

1975

Lot size

0.08 AC

Property size (Sq ft)

31,200 SF

Property type

Office buildings

APN

13-02-214-036

APU

1302214036

Description

The Peterson Executive Center, a Class B office building in Chicago's Peterson Park neighborhood, offers diverse workspace solutions. Located at 3500 W Peterson Ave, this 25,000 square foot building sits on 0.48 acres and features multiple tenancy options. Available spaces range from 716 to 7,538 square feet, suitable for executive offices, traditional offices, creative offices, or medical practices. The property boasts ample parking, including both covered and uncovered spaces. Its convenient location offers easy access to major transportation arteries: a 5-minute drive (1.6 miles) to the Edens Expressway (I-94), a 10-minute drive (4 miles) to Lake Shore Drive, and a 25-minute drive to O'Hare International Airport. Public transportation is readily available via the #82 and #84 bus routes, which stop directly at the building. The surrounding area provides a variety of dining options, including Panera Bread, Old Country Buffet, and several fast-food chains, as well as Martino's Italian Cuisine & Pizzeria. Situated near Northeastern Illinois University and just 10 miles north of the Chicago Loop, the Peterson Park neighborhood offers a blend of suburban tranquility and convenient access to downtown Chicago. This thriving and stable community caters to a diverse population.

• CAP approach

  CAP return

  Valuation

  6%

  $9,391,715

  6.5%

  $8,669,276

  7%

  $8,050,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,063,800

  Geo Method

  $4,063,800

• Alternative Use

  Use

  Valuation

  Residential

  $10,749,902

  Hospitality

  $9,846,852

  Educational

  $8,192,466

  Medical

  $8,474,217

  Retail

  $12,743,835

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9906

Longitude

-87.7166

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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