6959 N Milwaukee Avenue Niles, IL $ 2,950,000
6959 N Milwaukee Avenue
$ 2,950,000
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6959 N Milwaukee Avenue

Niles, IL, 60714
$ 2,950,000
Bedrooms-- Baths-- Sq 10,000
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Property for Rent in Niles, IL

for $2,950,000. This 10,000 square foot property was built in 1966 on a lot size of 0.691598.

Great opportunity for Investor/Owner operator of this 2018-built, 10,000 sq ft bldg with 31 parking spaces! Fantastic stoplight corner of Milwaukee Ave/Harts Rd in booming Niles, IL. * The buildings sit on a 30,000+ sq ft lot with great exposure - 280-ft of frontage along Milwaukee Ave * This is a mixed-use property comprising two PIN #s and three income streams (Joe Donut restaurant, Panel Brick showroom/warehouse and 2BR apartment) * Restaurant is roughly 3,700 sq ft, sits 100 * Storefront is 2,500 sq ft with attached 2,510 2-story warehouse * Residential apartment is 2BR/1BTH roughly 1,000 sq ft * Covered storage space in rear is an additional 1,500 sq ft *** Sellers are open to extending leases, vacating upon sale or a combination thereof *** Property is located in desirable neighborhood with an excellent customer base in the city of Niles. * Please DO NOT DISTURB THE TENANTS *

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Rental Active

Price

$ 2,950,000

Taxes

$ 45,158

Style

Commercial

Lot Size

0.691598

Year Built

1966

Town/City

Niles

County/Region

Cook

MLS | Web ID

12592386

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Water Available
Possession Closing Negotiable
Zoning COMMR
Construction Materials Brick Concrete
Year Built 1966
Electric Circuit Breakers
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Operating Stops Taxes Insurance Repairs
Stories Count 1
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 229000
County Cook
Net Operating Income 217148
Operating Expense 57009
Insurance Expense 4000
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status Active
Directions Milwaukee Ave just south of Touhy Ave (corner of Milwaukee Ave and Harts RD)
City Niles
Number Of Units Total 3
MLS Area Niles
Lot Size Square Feet 30126
Tax Annual Amount 45158.97
Electric Expense 1000
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1500
Additional Parcels Y/N Y
Lease Type Net
Standard Status Active
Cap Rate 7.36
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Exterior
Water Source Municipal Water
Building Area Total 10000
Lot Dimensions 228 x 128 x 226 x 122
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* Excluded Features
List By
Rci Preferred Realty

Broker

johngall2020@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/17/2026$2,950,000 Listed Price

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6959 N Milwaukee Avenue, Niles, IL, 60714 is a Property for Rent at $2,950,000 with 10,000 sqft and a lot size of 0.691598. 6959 N Milwaukee Avenue was built in 1966. The property's zip code is 60714 which is in Niles, IL