Listed by Millennium Properties R/E
$1,400,000
Rarely Available - 100% Occupied Boutique Office Building
Details
APN 16361110040000
Property Type Office
Sub Type Executive Office, Office/Tech
Square Footage 9,608
Units 9
Cap Rate 4.57%
NOI $64,018
Occupancy 100%
Tenancy Multi
Price per SqFt $146
Year Built 1960
Buildings 1
Stories 2
Acreage 0.140
Zoning B-2; Ravinia
Parking Spaces 5 spaces
Parking Per SqFt 0.52
Office | 4.57% CAP | 9,608 SqFt
Marketing description
Available for sale is a 9,608 square foot boutique office building located at 580 Roger Williams Avenue, in the heart of the Ravinia business district. Situated on a 6,277 square foot parcel, the building’s interior is a mid-century modern design with a common area foyer on the first floor. There are nine office suites which are fully occupied, many by long-term tenants. Located just east of Green Bay Road and walking distance to the train station, this is the perfect opportunity for a user or investor to own a property in the Highland Park area. The location benefits from easy access to public transportation, and numerous boutiques and restaurants.
Highland Park is an affluent suburb located approximately 23 miles north of Chicago in the heart of the North Shore. The suburb is known for its vibrant downtown business districts, with a variety of shopping and dinning options. It is also home to the highly acclaimed Ravinia Festival.
Investment highlights
- Well-maintained boutique building
- 100% occupied with long-term tenants with strong cash flow
- Below market rents
- Tenant responsible for utilities
- Five parking spaces
- Elevator building
- Prime location just steps away from Ravinia Business District
- Easy access to public transportation, Edens Expressway and train station
- Zoning: B-2; Ravinia
- Commercial Attractions in the area: Ravinia, Walgreen’s, Abigail’s American Bistro, Happy Sushi, Piero’s Pizza and more
Listing Contacts
Listed by Millennium Properties R/E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,018.00
$5,334.83/mo
Valuation Metrics
0
DSCR
4.57%
Cap Rate
4.57%
ROI
Map
Zoning
B2 CommercialSpecial CommercialRavinia Commercial
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View all 332 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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