7900 Milwaukee AveNiles, IL 60714

Property Details for 7900 Milwaukee Ave

Year built

1975

Lot size

3.61 AC

Property type

Grocery and convenience stores

APN

09-25-201-029

APU

925201029

Description

Oak Mill Plaza, located at 7900 N. Milwaukee Ave in Niles, Illinois (Cook County, zip code 60714), presents a prime retail investment opportunity. This multi-tenant strip center boasts a total of 165,516 square feet, offering eight individual suites for lease. The property provides flexible space options, with a minimum divisible space of 550 square feet and a maximum contiguous space of 5,416 square feet, catering to a variety of business needs. Currently, there are 18,816 square feet of vacant space available, presenting a significant opportunity for expansion or new tenancy. The property's strategic location in Niles, Illinois, offers excellent visibility and accessibility, making it an attractive destination for both businesses and customers. The property is classified as a Retail Strip Center and is situated in a thriving commercial area within Cook County. This is an exceptional chance to secure space in a well-established retail center with ample room for growth and development. The property's size and layout offer versatility, making it suitable for a range of retail businesses. Interested parties are encouraged to inquire about available spaces and lease terms. The property's address is easily accessible via major roadways, ensuring high traffic flow and convenient access for customers.

• CAP approach

  CAP return

  Valuation

  6%

  $69,583,112

  6.5%

  $64,230,564

  7%

  $59,642,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $51,614,824

  Geo Method

  $51,614,824

• Alternative Use

  Use

  Valuation

  Residential

  $54,180,884

  Hospitality

  $49,629,400

  Educational

  $41,291,076

  Medical

  $42,711,140

  Retail

  $64,230,564

Location Insight

City

Niles

County

Cook

State

Illinois

Latitude

42.0249

Longitude

-87.8141

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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