8057 N Milwaukee Avenue Niles, IL ^$ 649,900

8057 N Milwaukee Avenue

^$ 649,900

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8057 N Milwaukee Avenue

Niles, IL, 60714

^$ 649,900

Bedrooms-- Baths-- Sq 6,000

Monthly Estimate*

^$ 4,055

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Commercial Property for sale in Niles, IL

for $649,900. This 6,000 square foot building was built in 1961 on a lot size of 0.242516.

HUGE PRICE REDUCTION!!!!Amazing opportunity! Large Commercial property on busy Niles corner with plenty of parking! The building is 6000 square feet all on one floor. Building is rented has a cosmetology school. building has been well cared for 30 plus years. Newer furnace hot water tank! large parking lot in rear that has 15 spaces. Roof about 15 years old. There is plenty of City parking that wraps around the building that has an additional 15 plus spots. this is a very well maintained building. building is currently leased tenant pays 7536 per month do not disturb tenants. lease expires June 2026 with 3 year option

Commercial Active

Price

^$ 649,900

Property Type

Commercial

Taxes

^$ 41,183

Style

Commercial

Lot Size

0.242516

Year Built

1961

Town/City

Niles

County/Region

Cook

MLS | Web ID

12313335

Features

General

Cooling Central Air

Possession Tenant's Rights

Zoning COMMR

Year Built 1961

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Janitorial Service Insurance Repairs Scavenger Sewer

Stories Count 1

Property Subtype Other

Tax Year 2023

Current Use Commercial

Gross Income 90432

County Cook

Net Operating Income 47717

Operating Expense 44983

Insurance Expense 3800

Property Type Commercial Sale Retail/Stores

Status Active

Directions Harlem north west on Milwaukee to property

City Niles

Number Of Units Total 1

MLS Area Niles

Lot Size Square Feet 10564

Tax Annual Amount 41183

Additional Parcels Y/N N

Leasable Area 6000

Standard Status Active

Exterior

Building Area Total 6000

Lot Dimensions 10564

* Excluded Features

List By

Xr Realty

Broker

frankscalettarealtor@gmail.com

Affordability Calculator

$7,486

Per Month

Monthly Principal & Interest: $4,055
Monthly Property Taxes: $3,432
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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

Trends
Schools

Commerical listings in Niles, IL

Average List Price ^$350,933

Percent of Sale Price 46%

About Niles, IL

29,486 Population

-2% Since 2002

^$56,156 Median Income

47.62 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/5/2025	$649,900	-3.70%	Price Down
6/22/2025	$674,900	-3.57%	Price Down
3/22/2025	$699,900		Listed Price

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8057 N Milwaukee Avenue, Niles, IL, 60714 is a Commercial Property for sale at $649,900 with 6,000 sqft and a lot size of 0.242516. 8057 N Milwaukee Avenue was built in 1961. The property's zip code is 60714 which is in Niles, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/14/2025.

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8057 N Milwaukee Avenue

Commercial Property for sale in Niles, IL

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