5940 Touhy AveNiles, IL 60714

Property Details for 5940 Touhy Ave

Year built

1965

Lot size

2.43 AC

Property type

Retail space

Property subtype

Storefront properties

APN

10-29-402-029

APU

1029402029

Description

The Touhy Office Center, a Class B, three-story building at 5940 W Touhy Ave, Niles, IL 60714, offers 36,605 square feet of versatile office space. This single building, situated on 2.43 acres of land, underwent renovations in 2023, boasting updated interior hallways and move-in ready suites ranging from 240 to 3,808 square feet. The property features ample parking, catering to both tenants and visitors. Building amenities include elevators. The building is zoned for commercial use and is conveniently located near the intersection of Touhy Avenue and Lehigh. The property is ideal for various office uses, including executive, traditional, medical, and creative office spaces. Multiple tenancy options are available. Built in 1981, this Cook County property offers a prime location in Niles, Illinois, a community recognized for its family-friendly environment, excellent schools, and convenient access to public transportation (including free village bus service), numerous parks, and abundant shopping options. The Village Crossing Shopping Center, within walking distance, provides a wide array of dining and retail choices, including popular restaurants like Naf Naf Grill, Graziano's, and many others. Niles has received high rankings from Niche.com and Businessweek.com for its quality of life and affordability.

• CAP approach

  CAP return

  Valuation

  6%

  $46,838,464

  6.5%

  $43,235,504

  7%

  $40,147,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,743,472

  Geo Method

  $34,743,472

• Alternative Use

  Use

  Valuation

  Residential

  $36,470,764

  Hospitality

  $33,407,024

  Educational

  $27,794,252

  Medical

  $28,750,140

  Retail

  $43,235,504

Location Insight

City

Niles

County

Cook

State

Illinois

Latitude

42.0128

Longitude

-87.7743

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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