Westchester Square Office Park

Investment 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.
• 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.

Location Summery

• 10001 W. Roosevelt Road is strategically located along Roosevelt Road (Illinois Route 38) in the Village of Westchester, an established inner-ring west suburban community within Cook County, approximately 13 miles west of Downtown Chicago. The property sits at the western terminus of Route 38, directly adjacent to Mannheim Road (US 12 / US 20 / US 45), one of the region’s most heavily traveled north–south arterial corridors.
• The asset benefits from exceptional regional accessibility, with immediate connectivity to Interstate 294 (Tri-State Tollway) and Interstate 290 (Eisenhower Expressway), providing efficient access to Chicago’s Central Business District, O’Hare International Airport, and the broader Chicagoland market.
• Roosevelt Road (IL-38) is a critical east-west commercial corridor serving the western suburbs, extending from Dixon, IL through DuPage County and into Cook County, and functioning as a primary business, retail, and service route for neighboring communities including Hillside, Oak Brook, Broadview, Maywood, and Elmhurst. The corridor is well-established with a mix of commercial, medical, industrial, and service-oriented users, supporting consistent tenant demand across multiple use types
• Westchester’s location offers a favorable alternative to Chicago urban pricing while maintaining proximity to major employment centers, transportation infrastructure, and population density. The immediate area is characterized by dense residential neighborhoods, institutional and medical users, and small-to-mid-sized businesses, making the property particularly attractive to local and regional tenants seeking accessibility, value, and flexible zoning.
• The site’s high visibility frontage on Roosevelt Road, combined with abundant nearby parking and ease of ingress and egress, enhances its appeal to office, medical, flex, and light industrial users. The location further benefits from its proximity to Oak Brook’s corporate corridor, O’Hare Airport, and key logistics routes serving the western and southwestern suburbs.