6912 Roosevelt RdOak Park, IL 60304

Property Details for 6912 Roosevelt Rd

Year built

1920

Lot size

0.31 AC

Property type

Retail space

APN

16-18-327-016

APU

1618327016

Description

This ±8,600 square foot retail strip center, situated on a 0.31-acre lot in Oak Park, Illinois, presents a compelling leasing opportunity. Currently 46% occupied, the eight-unit property boasts high visibility and a prime location within walking distance of the Oak Park CTA Blue Line station and near I-290. The property benefits from its proximity to major roadways, including I-290 and I-294, as well as the CTA Green Line and multiple bus routes, ensuring excellent accessibility for both customers and employees. This strategic location within the vibrant Oak Park community, a popular shopping and dining destination just nine miles west of Chicago's central business district, offers significant potential for growth. Existing tenants include established businesses such as Needful Things, Smeltekop Repair, and Sutor Heating & Cooling, creating a strong foundation for new businesses to thrive. The property's address is 6912 W Roosevelt Rd, Oak Park, IL 60304, in Cook County. This is an exceptional opportunity to establish a presence in a thriving, upscale community with convenient access to public transportation and major thoroughfares. The property is classified as Retail and Executive Office space, offering multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $6,067,039

  6.5%

  $5,600,344

  7%

  $5,200,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,500,362

  Geo Method

  $4,500,362

• Alternative Use

  Use

  Valuation

  Residential

  $4,724,100

  Hospitality

  $4,327,250

  Educational

  $3,600,221

  Medical

  $3,724,038

  Retail

  $5,600,344

Location Insight

City

Oak Park

County

Cook

State

Illinois

Latitude

41.8653

Longitude

-87.7973

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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