7665 N Milwaukee Avenue Niles, IL $ 1,490,000
7665 N Milwaukee Avenue
$ 1,490,000
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7665 N Milwaukee Avenue

Niles, IL, 60714
$ 1,490,000
Baths0.0 Sq 6,000

Monthly Estimate*

$ 10,408

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Studio

Commercial Property for sale in Niles, IL

for $1,490,000. This 6,000 square foot building was built in 1957 on a lot size of 0.242516.

Great 2 unit masonry commercial retail building in Niles, prime location right on the corner of Milwaukee and Jonquil Terrace, The Building is 6000+ sq ft, 10,564 sq ft of land, C-3 zoning, 12 - 14 ft ceilings, excellent exposure with 123.20 ft of frontage on Milwaukee Ave. 26,200 vehicles pass this location a day (VPD) Comprised of two retail units, one 3,028 sq ft and the other is 2,281 sq ft, the larger unit is vacant and is available for lease and the smaller unit is leased, $4,100 a month, will be signing a new 5-year extension at the end of the year. Very High visibility, exceptional space. the building is well maintained. ADA compliant men's and women's restrooms the building has a great signage area. Power is 200 amps, private parking lot for 30 cars and plenty of street parking, nice landscaping building is divided into 2 units, close to the Howard and Milwaukee intersection, access to shopping, public trans, close to area expressways, Building has a great retail build out and potential for residential / commercial development with TIFF incentive from the Village of Niles. building could be used for retail or fast food or medical, clinic, dental, sales, physical therapy, med spa, call center, architect, legal, insurance, accounting, or other professional use, Area retailers include, Amici Ristorante, Siam's house restaurant, Chicken inn, Siam's house restaurant taco bell, Baskin Robbins, Lone Tree manor banquet hall & catering, P & S Meats and Greek grill, Graham's Marketplace Ownership will listen to all offers within reason, 3 PINs (1) 09252110010000 (2) 09252110020000 (3) 09252110030000. Do not bother tenant, call listing agent for showing. Seller is willing to Discuss Seller financing.

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Commercial Active

Price

$ 1,490,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 44,056

Style

Commercial

Lot Size

0.242516

Year Built

1957

Town/City

Niles

County/Region

Cook

MLS | Web ID

11998898

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal Water to Site
Possession Closing
Roof Membrane Reflective Coating
Zoning COMMR
Construction Materials Brick
Year Built 1957
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Janitorial Service Taxes Insurance Repairs Scavenger Sewer
Stories 1
Township Niles
Tax Year 2021
Current Use Commercial
County Cook
Net Operating Income 56978
Property Type Commercial Sale Retail/Stores
Status Active
Directions NORTH OF HOWARD ON EAST SIDE OF MILWAUKEE AVE.
City Niles
Total Units 2
MLS Area Niles
Lot Size Square Feet 10564
Street Name Milwaukee
Tax Annual Amount 44056
Additional Parcels Y/N Y
Leasable Area 6000
Virtual Tour https://tours.positiveimagelive.com/public/vtour/display/2155518#!/
Days on Market 5
Lease Type Net
Standard Status Active
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Interior
Flooring Tile Vinyl
Street Suffix Avenue
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 6000
Lot Dimensions 10564
Frontage Type City Street County Road Public Road State Road Paved
Exterior Brick
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* Excluded Features
List By
@Properties Commercial

Broker

mikelevin@atproperties.com

Email

Affordability Calculator

$14,079
Per Month
74%
26%
0%
Monthly Principal & Interest
$10,408
Monthly Property Taxes
$3,671
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/8/2024$1,490,000 Listed Price

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7665 N Milwaukee Avenue, Niles, IL, 60714 is a Commercial Property for sale at $1,490,000 with 6,000 sqft and a lot size of 0.242516. 7665 N Milwaukee Avenue is a studio with 0.0 baths and was built in 1957. The property's zip code is 60714 which is in Niles, IL