2-Story Oak Park Office Available

6955 W. North Avenue Oak Park, IL 60302

6955 W. North Avenue, Oak Park, IL, 60302
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$575,000
Last Verified:
Dec 02, 2024

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Highlights


Description

SVN Chicago Commercial is pleased to present 6955 West North Avenue, a ±6,700 SF 2-story office building with garden level in Oak Park, Illinois. 12-Units, rear parking, and 37.5% occupancy. Various small suites available. Frontage on North Ave (33,500 VPD) just east of Harlem Avenue. With nearby access to I-290, I-294, the CTA Green Line and multiple bus routes, the property enjoys seamless connections to the broader Chicago metropolitan area.

SVN Chicago Commercial is pleased to present 6955 West North Avenue, a ±6,700 SF 2-story office building with garden level in Oak Park, Illinois. 12-Units and 45% occupancy. Various small suites available. Frontage on North Ave (33,500 VPD) just east of Harlem Avenue. With nearby access to I-290, I-294, the CTA Green Line and multiple bus routes, the property enjoys seamless connections to the broader Chicago metropolitan area.

This exciting investment opportunity is located in the city of Oak Park, which is a quaint upscale community 9 miles west of the Chicago Business District. With nearby access to I-290, I-294, the CTA Green Line and multiple bus routes, the property enjoys seamless connections to the broader Chicago metropolitan area. This accessibility facilitates customer traffic and supports the convenience of commuting for employees, making the location an ideal choice for retail businesses seeking strategic connectivity. Oak Park is a shopping and dining destination for tourists and locals alike.


Year Built: 1962
Building Size: 6700sq ft
Building Class: C
Lot Size: 0.14 acres


Documents

SVN - LEASE Brochure
SVN - Sale Brochure

Units for Lease

Suite G4 & 5
Space Available: 1000 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00
Suite 101
Space Available: 560 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00
Suite 102
Space Available: 450 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00
Suite 103
Space Available: 670 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00
Suite 201
Space Available: 510 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00
Suite 202
Space Available: 500 SF
Lease Type: NNN

Price Per Sqft/Year: $16.00

Map of 6955 W. North Avenue, Oak Park, IL, 60302

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.