Active · For Sale · Mixed Use

6959 N Milwaukee Avenue, Niles, IL 60714

MLS #12592386

6959 N Milwaukee Avenue, Niles, IL 60714
6959 N Milwaukee Avenue, Niles, IL 60714CRER
6959 N Milwaukee Avenue, Niles, IL 60714

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6959 N Milwaukee Avenue, Niles, IL 60714

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The property

Executive summary

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 *

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$229,000
Reported Annual Expenses
$57,009
Estimated NOI
$171,991
Estimated Cap Rate
5.83%
Estimated GRM
12.88
Annual Taxes
$45,159 (2024)

Property Details

Units
3
Building Size
10,000 SF
Lot Size
30,126 SF
Lot Dimensions
228 x 128 x 226 x 122
Stories
1
Year Built
1966
Building Age
7-15 Years
Construction
Brick, Concrete
Zoning
COMMR
Parcel Number
10312060100000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Air Conditioning, Common Area Maintenance, Electricity, Heat, Operating Stops, Taxes, Insurance, Repairs
Electric
Circuit Breakers
Water Source
Municipal Water
Utilities
Electric to Site, Natural Gas Available, Water Available
Possession
Closing, Negotiable

Location & Use

County
Cook
Market Area
Niles
Present Use
Commercial
Potential Use
Commercial
Location
Corner, High Traffic Area

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.