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Executive Summary

10001 W. Roosevelt Road presents a compelling value-add investment opportunity to acquire a 48,000 SF multi-story commercial building with Industrial (I) zoning in the heart of Westchester, Illinois. The property offers a rare combination of office, medical, and industrial-flex usability, significant vacancy upside, and strong long-term positioning along the Roosevelt Road corridor.
With approximately 16,000 SF per floor across three stories and a highly divisible layout, the building supports a wide range of suite sizes and tenant uses. The Industrial (I) zoning provides flexibility for office, medical, warehouse, flex, and light industrial uses, enhancing exit optionality and reducing leasing risk compared to office-only assets.
The property benefits from excellent frontage and visibility on Roosevelt Road (Route 38) and convenient access to Mannheim Road, I-290, I-294, and I-55, making it attractive to both local and regional tenants. On-site parking and flexible floor plates further support tenant demand across multiple use types.
At stabilization, the asset is well-positioned to deliver strong yield on cost, with conservative underwriting assumptions pointing to meaningful upside through vacancy burn-off, rent growth, and expense optimization. The combination of discounted basis, flexible zoning, and extreme vacancy makes this opportunity ideal for value-add investors, owner-users, or operators specializing in repositioning underperforming commercial assets.

Property Facts

Sale Type
Investment
Sale Condition
Distress Sale
Property Type
Office
Building Size
48,000 SF
Building Class
C
Year Built/Renovated
1969/1993
Percent Leased
1%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,000 SF
Slab To Slab
10’
Building FAR
1.47
Lot Size
0.75 AC
Zoning
Industrial Office Retail - Zoned AE, 10001 W Roosevelt Rd may allow broader commercial use via permits; verify with Westchester's Community Development Department.
Parking
449 Spaces (8.86 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Concierge
  • Security System
  • Signage
  • Kitchen
  • Basement
  • Central Heating
  • Direct Elevator Exposure
  • Natural Light
  • Partitioned Offices
  • Plug & Play
  • Recessed Lighting
  • Drop Ceiling
  • Hardwood Floors
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Lower Level-Ste Basement
  • 10,000-16,000 SF
  • Office/Retail
  • Shell Space
  • Now

Versatile Basement Space for Lease – Customizable, Affordable & Full of Potential Unlock the opportunity to shape a space that works for your unique business vision in this spacious and adaptable basement unit. With a generous open layout, this space is a blank canvas ready to be transformed into private offices, wellness or therapy rooms, studios, creative workspaces, or secure storage—whatever your business needs, this space delivers. Centrally located in a secure, professionally managed building, this unit combines flexibility, functionality, and affordability—making it an ideal fit for entrepreneurs, therapists, beauty professionals, creative teams, or small business owners looking for room to grow without breaking the bank. And there’s more: a ramp and loading dock will be available soon, making this space even more convenient for businesses with shipping, deliveries, or accessibility needs. Key Highlights: Large open floor plan – highly customizable to fit your business model Can be divided into up to 6 individual rooms (ideal for private offices or treatment spaces) Ramp and dock access coming soon – perfect for logistics, inventory, or client accessibility Located in a secure, well-maintained building with controlled access Ideal for salons, med spas, therapy practices, small studios, creative spaces, or storage Affordable lease terms with flexibility for startups or expanding businesses Easy access to major roads and public transportation Great value for businesses seeking a budget-friendly, professional setting Available for immediate occupancy With its wide-open layout and exciting upgrades on the way, this basement space is perfect for anyone ready to create a setup that works their way. Book a tour today and see how this space can be transformed to bring your vision to life!

  • 1st Fl - All
  • 5,000-16,000 SF
  • Industrial
  • Shell Space
  • Now

10001 W Roosevelt Rd | Highly Visible & Versatile Commercial Space Welcome to the first floor of 10001 W Roosevelt Rd, a prime commercial opportunity in a high-traffic, high-visibility corridor. This well-positioned space offers exceptional flexibility—perfect for office, retail, or medical use. With large windows providing abundant natural light, an open and adaptable layout, and prominent signage potential, the 1st floor is designed to support a variety of business needs. Whether you're launching a new venture or relocating an established brand, this space provides a professional setting that’s ready to impress clients and customers alike. Key Features: Street-level visibility on bustling W Roosevelt Rd Ideal for retail, office, or medical tenants Flexible layout to suit your business needs Large storefront windows with great natural light Strong signage opportunity to boost your brand Nearby street and lot parking available for customers and staff Don’t miss out on this exceptional leasing opportunity in a location that brings convenience, exposure, and versatility. Schedule a tour today and see how 10001 W Roosevelt Rd can elevate your business!

  • 2nd Fl - 200 - 210
  • 3,000-9,451 SF
  • Flex
  • Shell Space
  • Now

10001 W Roosevelt Rd | Ideal for Salons, Med Spas, Office, or Creative Workspace Unlock the perfect opportunity to grow your business on the second floor of 10001 W Roosevelt Rd—a versatile and professional space ideal for salon owners, med spas, boutique offices, wellness professionals, or light warehouse/storage use. This bright and functional space offers the privacy and flexibility you need to bring your vision to life. Whether you're looking to create a modern spa, set up your beauty studio, open a therapy or wellness practice, or expand your office operations—this space gives you the room to do it all, in a location your clients will love. Key Features: Private second-floor suite with a clean, professional layout Perfect for salons, med spas, therapy practices, small offices, or storage use Large windows bring in plenty of natural light Flexible layout ready to be customized to your business needs Excellent location on busy W Roosevelt Rd with easy access to I-290, I-294, and public transit Ample parking nearby for clients and staff Quiet and secure environment—ideal for client-based services Whether you're just launching or looking to expand, this is the space that supports your growth with the right mix of privacy, location, and functionality. Let’s schedule a tour—see how 10001 W Roosevelt Rd can help bring your business vision to life!

  • 3rd Fl-Ste 302 - 309
  • 1,800-5,920 SF
  • Office
  • Shell Space
  • Now

This well-designed layout is ideal for a mid-sized business looking for ample space and private offices. It features expansive open areas suitable for reception or conference use, two dedicated meeting rooms, and convenient access to the main building’s restrooms. A designated break room area further enhances functionality. This unit offers a professional and flexible environment, perfect for a growing company seeking space to expand and thrive.

Space Size Space Use Build-Out Available
Lower Level-Ste Basement 10,000-16,000 SF Office/Retail Shell Space Now
1st Fl - All 5,000-16,000 SF Industrial Shell Space Now
2nd Fl - 200 - 210 3,000-9,451 SF Flex Shell Space Now
3rd Fl-Ste 302 - 309 1,800-5,920 SF Office Shell Space Now

Lower Level-Ste Basement

Size
10,000-16,000 SF
Space Use
Office/Retail
Build-Out
Shell Space
Available
Now

1st Fl - All

Size
5,000-16,000 SF
Space Use
Industrial
Build-Out
Shell Space
Available
Now

2nd Fl - 200 - 210

Size
3,000-9,451 SF
Space Use
Flex
Build-Out
Shell Space
Available
Now

3rd Fl-Ste 302 - 309

Size
1,800-5,920 SF
Space Use
Office
Build-Out
Shell Space
Available
Now

Lower Level-Ste Basement

Size 10,000-16,000 SF
Space Use Office/Retail
Build-Out Shell Space
Available Now

Versatile Basement Space for Lease – Customizable, Affordable & Full of Potential Unlock the opportunity to shape a space that works for your unique business vision in this spacious and adaptable basement unit. With a generous open layout, this space is a blank canvas ready to be transformed into private offices, wellness or therapy rooms, studios, creative workspaces, or secure storage—whatever your business needs, this space delivers. Centrally located in a secure, professionally managed building, this unit combines flexibility, functionality, and affordability—making it an ideal fit for entrepreneurs, therapists, beauty professionals, creative teams, or small business owners looking for room to grow without breaking the bank. And there’s more: a ramp and loading dock will be available soon, making this space even more convenient for businesses with shipping, deliveries, or accessibility needs. Key Highlights: Large open floor plan – highly customizable to fit your business model Can be divided into up to 6 individual rooms (ideal for private offices or treatment spaces) Ramp and dock access coming soon – perfect for logistics, inventory, or client accessibility Located in a secure, well-maintained building with controlled access Ideal for salons, med spas, therapy practices, small studios, creative spaces, or storage Affordable lease terms with flexibility for startups or expanding businesses Easy access to major roads and public transportation Great value for businesses seeking a budget-friendly, professional setting Available for immediate occupancy With its wide-open layout and exciting upgrades on the way, this basement space is perfect for anyone ready to create a setup that works their way. Book a tour today and see how this space can be transformed to bring your vision to life!

1st Fl - All

Size 5,000-16,000 SF
Space Use Industrial
Build-Out Shell Space
Available Now

10001 W Roosevelt Rd | Highly Visible & Versatile Commercial Space Welcome to the first floor of 10001 W Roosevelt Rd, a prime commercial opportunity in a high-traffic, high-visibility corridor. This well-positioned space offers exceptional flexibility—perfect for office, retail, or medical use. With large windows providing abundant natural light, an open and adaptable layout, and prominent signage potential, the 1st floor is designed to support a variety of business needs. Whether you're launching a new venture or relocating an established brand, this space provides a professional setting that’s ready to impress clients and customers alike. Key Features: Street-level visibility on bustling W Roosevelt Rd Ideal for retail, office, or medical tenants Flexible layout to suit your business needs Large storefront windows with great natural light Strong signage opportunity to boost your brand Nearby street and lot parking available for customers and staff Don’t miss out on this exceptional leasing opportunity in a location that brings convenience, exposure, and versatility. Schedule a tour today and see how 10001 W Roosevelt Rd can elevate your business!

2nd Fl - 200 - 210

Size 3,000-9,451 SF
Space Use Flex
Build-Out Shell Space
Available Now

10001 W Roosevelt Rd | Ideal for Salons, Med Spas, Office, or Creative Workspace Unlock the perfect opportunity to grow your business on the second floor of 10001 W Roosevelt Rd—a versatile and professional space ideal for salon owners, med spas, boutique offices, wellness professionals, or light warehouse/storage use. This bright and functional space offers the privacy and flexibility you need to bring your vision to life. Whether you're looking to create a modern spa, set up your beauty studio, open a therapy or wellness practice, or expand your office operations—this space gives you the room to do it all, in a location your clients will love. Key Features: Private second-floor suite with a clean, professional layout Perfect for salons, med spas, therapy practices, small offices, or storage use Large windows bring in plenty of natural light Flexible layout ready to be customized to your business needs Excellent location on busy W Roosevelt Rd with easy access to I-290, I-294, and public transit Ample parking nearby for clients and staff Quiet and secure environment—ideal for client-based services Whether you're just launching or looking to expand, this is the space that supports your growth with the right mix of privacy, location, and functionality. Let’s schedule a tour—see how 10001 W Roosevelt Rd can help bring your business vision to life!

3rd Fl-Ste 302 - 309

Size 1,800-5,920 SF
Space Use Office
Build-Out Shell Space
Available Now

This well-designed layout is ideal for a mid-sized business looking for ample space and private offices. It features expansive open areas suitable for reception or conference use, two dedicated meeting rooms, and convenient access to the main building’s restrooms. A designated break room area further enhances functionality. This unit offers a professional and flexible environment, perfect for a growing company seeking space to expand and thrive.

Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 15-21-204-010-0000
  • 15-21-204-011-0000
  • 15-21-204-014-0000
  • 15-21-204-012-0000
  • 15-21-204-009-0000
  • 15-21-204-013-0000
  • 15-21-204-152-0000
Land Assessment
$157,667 CAD
Improvements Assessment
$429,438 CAD
Total Assessment
$587,105 CAD
  • Listing ID: 40834721

  • Date on Market: 2026-06-08

  • Last Updated:

  • Address: 10001 W Roosevelt Rd, Westchester, IL 60154

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