Niles, IL 60714 6959 N Milwaukee Avenue
$2,950,000



11 more











Presented By: RCI Preferred Realty
Home Details
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 *
Presented By: RCI Preferred Realty
General for 6959 N Milwaukee Avenue
Additional Parcels Y/NYes
Cap Rate7.36
CityNiles
Construction MaterialsBrick, Concrete
CoolingCentral Air
CountyCook
Current UseCommercial
DirectionsMilwaukee Ave just south of Touhy Ave (corner of Milwaukee Ave and Harts RD)
ElectricCircuit Breakers
Electric Expense1000
Fuel Expense
Gross Income229000
Insurance Expense4000
Lease TypeNet
Lot Size Square Feet30126
MLS AreaNiles
Net Operating Income217148
Number Of Units Total3
Operating Expense57009
PossessionClosing, Negotiable
Possible UseCommercial
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount45158.97
Tax Year2024
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Operating Stops, Taxes, Insurance, Repairs
Trash Expense0
UtilitiesElectric to Site, Natural Gas Available, Water Available
Water Sewer Expense1500
Year Built1966
ZoningCOMMR
Exterior for 6959 N Milwaukee Avenue
Building Area Total10000
Lot Dimensions228 x 128 x 226 x 122
Water SourceMunicipal Water
Additional Details
Price History

SQFT • 10,000