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33423924
33423900

10001 W. Roosevelt Rd, Westchester, IL 60154

NK
IL 471022064, IL IL 471022064
Kawash Real Estate Group
Listed by Kawash Real Estate Group
$949,950
24 days on market
Updated 9 days ago

Westchester Square Office Park

Details
APN 15-21-204-152&009-014
Property Type Office, Industrial
Sub Type Traditional Office
Square Footage 50,703
Net Rentable (SqFt) 50,703
Units 34
Occupancy 27.37%
Tenancy Multi
Lease Type Modified
Pro-Forma NOI $390,710
Class C
Year Built 1972
Buildings 1
Stories 3
Acreage 0.750
Zoning Industrial Office Retail
Parking Spaces 449 spaces
Parking per 1,000 SqFt 8.86
Investment Type Value Add
Ground Lease No
Ceiling Height 9'
Ownership Fee Simple
Sale Condition Distressed

Office | 50,703 SqFt

Marketing description

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.

Investment highlights

  • 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.

Listing Contacts

NK
IL 471022064, IL IL 471022064
Kawash Real Estate Group
Listed by Kawash Real Estate Group

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Zoning

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I IndustrialIndustry
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View all 25 uses
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
nedal kawash
License
471022064
Brokerage Phone
630-337-9126
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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