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6959 N Milwaukee Ave 10,000 SF 100% Leased Industrial Building Niles, IL 60714 $2,950,000 ($295/SF) 7.36% Cap Rate
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 *
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$229,000
|
$22.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$229,000
|
$22.90
|
| Taxes |
$45,158
|
$4.52
|
| Operating Expenses |
$7,500
|
$0.75
|
| Total Expenses |
$52,658
|
$5.27
|
| Net Operating Income |
$176,342
|
$17.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $229,000 |
| Annual Per SF | $22.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $229,000 |
| Annual Per SF | $22.90 |
| Taxes | |
|---|---|
| Annual | $45,158 |
| Annual Per SF | $4.52 |
| Operating Expenses | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $0.75 |
| Total Expenses | |
|---|---|
| Annual | $52,658 |
| Annual Per SF | $5.27 |
| Net Operating Income | |
|---|---|
| Annual | $176,342 |
| Annual Per SF | $17.63 |
Property Facts
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Joe Donut
- Accommodation and Food Services
- 3,700 SF
- $30.00
- Triple Net
- -
- Panel Brick Co
- Wholesaler
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Joe Donut | Accommodation and Food Services | 3,700 SF | $30.00 | Triple Net | - | |
| Panel Brick Co | Wholesaler | - | - | - | - |
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Property Taxes
| Parcel Numbers | Total Assessment | $310,750 | |
| Land Assessment | $149,361 | Annual Taxes | $45,158 ($4.52/SF) |
| Improvements Assessment | $161,389 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$149,361
Improvements Assessment
$161,389
Total Assessment
$310,750
Annual Taxes
$45,158 ($4.52/SF)
Tax Year
2025
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6959 N Milwaukee Ave
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