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6959 N Milwaukee Ave 10,000 SF 100% Leased Industrial Building Niles, IL 60714 $4,037,753 CAD ($403.78 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$313,439
|
$31.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$313,439
|
$31.34
|
| Taxes |
$61,809
|
$6.18
|
| Operating Expenses |
$10,265
|
$1.03
|
| Total Expenses |
$72,075
|
$7.21
|
| Net Operating Income |
$241,365
|
$24.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $313,439 |
| Annual Per SF | $31.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $313,439 |
| Annual Per SF | $31.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $61,809 |
| Annual Per SF | $6.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,265 |
| Annual Per SF | $1.03 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,075 |
| Annual Per SF | $7.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $241,365 |
| Annual Per SF | $24.14 |
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
- $41.06 CAD
- Triple Net
- -
- Panel Brick Co
- Wholesaler
- 5,010 SF
- $27.37 CAD
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Joe Donut | Accommodation and Food Services | 3,700 SF | $41.06 CAD | Triple Net | - | |
| Panel Brick Co | Wholesaler | 5,010 SF | $27.37 CAD | Triple Net | - |
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Property Taxes
| Parcel Numbers | Total Assessment | $425,333 CAD | |
| Land Assessment | $204,435 CAD | Annual Taxes | $61,809 CAD ($6.18 CAD/SF) |
| Improvements Assessment | $220,898 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$204,435 CAD
Improvements Assessment
$220,898 CAD
Total Assessment
$425,333 CAD
Annual Taxes
$61,809 CAD ($6.18 CAD/SF)
Tax Year
2025
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6959 N Milwaukee Ave
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