Westchester - MixedUse Buildings
Mixed Use | 35,870 SqFt
Marketing description
This mixed-use property located along Roosevelt Rd presents a compelling value-add investment opportunity. The asset consists of a combination of residential units and commercial storefronts, including salon suites, offering multiple income streams. The property benefits from strong visibility, consistent traffic exposure, and a flexible layout suitable for a variety of tenants. With below-market rents and vacancy throughout, investors have the opportunity to increase cash flow and overall asset value through strategic lease-up and management.
The property includes 9865-9869 W Roosevelt Rd and comprises approximately 21,000 square feet across two buildings. The layout consists of ground-floor commercial spaces and residential units on the upper levels. The property features on-site parking and has undergone partial updates, including exterior improvements and select interior renovations. Its configuration allows for a diverse tenant mix, making it suitable for retail, service-oriented businesses, and residential occupancy.
Strategically positioned along Roosevelt Rd, the property benefits from strong daily traffic counts and excellent accessibility to major highways, including I-290. The surrounding area includes a dense mix of residential neighborhoods and established retail corridors, supporting both residential demand and commercial activity. Its proximity to key suburbs such as Oak Brook and Hillside further enhances its appeal, making it an attractive location for both tenants and investors.
Investment highlights
- This mixed-use property located along Roosevelt Rd presents a compelling value-add investment opportunity. The asset consists of a combination of residential units and commercial storefronts, including salon suites, offering multiple income streams. The property benefits from strong visibility, consistent traffic exposure, and a flexible layout suitable for a variety of tenants. With below-market rents and vacancy throughout, investors have the opportunity to increase cash flow and overall asset value through strategic lease-up and management.
- The property includes 9865-9869 W Roosevelt Rd and comprises approximately 21,000 square feet across two buildings. The layout consists of ground-floor commercial spaces and residential units on the upper levels. The property features on-site parking and has undergone partial updates, including exterior improvements and select interior renovations. Its configuration allows for a diverse tenant mix, making it suitable for retail, service-oriented businesses, and residential occupancy.
- The asset offers significant upside potential through the lease-up of currently vacant units and stabilization of existing tenants. Several units are either vacant, operating on a month-to-month basis, or underperforming relative to market rents, providing immediate opportunities to increase revenue. Investors can reposition the commercial component, particularly the salon suites and storefronts, to attract higher-quality tenants and improve overall income stability. With proper management and leasing strategy, the property can achieve a more stabilized occupancy and stronger net operating income.
- Strategically positioned along Roosevelt Rd, the property benefits from strong daily traffic counts and excellent accessibility to major highways, including I-290. The surrounding area includes a dense mix of residential neighborhoods and established retail corridors, supporting both residential demand and commercial activity. Its proximity to key suburbs such as Oak Brook and Hillside further enhances its appeal, making it an attractive location for both tenants and investors.
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