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Vacant Office Building 7234 Ogden Ave 15,000 SF 100% Leased Office Building Riverside, IL 60546 $650,000 ($43.33/SF)



INVESTMENT HIGHLIGHTS
- Three-story masonry building with elevator access
- High-visibility location with 31,775 vehicles/day
- Dense surrounding population with strong income metrics
- Over 46 on-site parking spaces for staff and visitors
- Zoned B-1 for flexible commercial use and redevelopment
EXECUTIVE SUMMARY
Positioned along the high-traffic corridor of Ogden Avenue in Riverside, Illinois, 7234 W. Ogden Avenue presents a compelling opportunity for investors, developers, or owner-users seeking a versatile commercial asset. This 15,000-square-foot masonry building, constructed in 1986, spans three floors and is currently vacant, previously serving as a medical office. Its B-1 Retail Business District zoning supports a wide range of commercial uses, including retail, office, and service-oriented businesses.
The property features an elevator, separate gas and electric meters, and ample on-site parking for over 46 vehicles. With ±24,000 square feet of land (100’ x 240’), the site offers strong redevelopment potential for mixed-use or multi-tenant configurations. Its prominent exposure on Ogden Avenue ensures visibility to over 31,000 vehicles per day, enhancing branding and customer access.
Located just minutes from Harlem Avenue and within a densely populated area—nearly 500,000 residents within a 5-mile radius—the property benefits from strong demographics and household incomes averaging over $92,000. The building’s proximity to major transit routes and the vibrant Riverside community further elevates its appeal for medical, professional, or retail users.
This offering is exclusively represented by Daniel Chopp of Chopp Commercial Properties, providing a rare chance to acquire a well-positioned asset in a dynamic suburban market.
The property features an elevator, separate gas and electric meters, and ample on-site parking for over 46 vehicles. With ±24,000 square feet of land (100’ x 240’), the site offers strong redevelopment potential for mixed-use or multi-tenant configurations. Its prominent exposure on Ogden Avenue ensures visibility to over 31,000 vehicles per day, enhancing branding and customer access.
Located just minutes from Harlem Avenue and within a densely populated area—nearly 500,000 residents within a 5-mile radius—the property benefits from strong demographics and household incomes averaging over $92,000. The building’s proximity to major transit routes and the vibrant Riverside community further elevates its appeal for medical, professional, or retail users.
This offering is exclusively represented by Daniel Chopp of Chopp Commercial Properties, providing a rare chance to acquire a well-positioned asset in a dynamic suburban market.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,000 SF
Building Class
C
Year Built
1986
Price
$650,000
Price Per SF
$43.33
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Slab To Slab
10’
Building FAR
0.64
Lot Size
0.54 AC
Zoning
B-1 - B-1 Retail Business District Commercial Zoning
Parking
46 Spaces (3.01 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 15-36-410-025-0000 | Improvements Assessment | $989,740 |
| Land Assessment | $476,000 | Total Assessment | $1,465,740 |
PROPERTY TAXES
Parcel Number
15-36-410-025-0000
Land Assessment
$476,000
Improvements Assessment
$989,740
Total Assessment
$1,465,740
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Vacant Office Building | 7234 Ogden Ave
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