For Sale
$850,000

5423 95Th St Oak Lawn, IL 60453

6,700 SF Multi-Tenant Office/Retail

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional multi-use investment opportunity in Oak Lawn, IL. This 6,700 square foot, Class B building, situated on a high-traffic section of 95th Street, offers a blend of retail and office space. Currently boasting 70% occupancy with four tenants, including three ground-floor retail spaces generating stable income. A 2,000 square foot second-floor office suite is available for immediate lease, presenting a value-add opportunity for medical, professional, or creative uses. The property features 15 on-site parking spaces, a significant advantage in this location. Built in 1979, this stabilized investment property has a pro-forma NOI of $75,648 and a pro-forma cap rate of 8.90%. The asking price is $850,000 ($126.87/SF). The 0.26-acre lot is zoned C-2. Full occupancy is projected for September 18, 2024. This prime location offers strong potential for long-term appreciation and is ideal for both investors and owner-occupants. The property's address is 5423 W 95th St, Oak Lawn, IL 60453, with APN 24091020440000. The lease type is gross.

Highlights

  • High-traffic 95th Street location in Oak Lawn, IL, offering excellent visibility and accessibility.
  • Three ground-floor retail spaces generating stable income streams.
  • 2,000 sq. ft. second-floor office suite available for immediate lease.
  • 6,700 sq. ft. Class B building with a mix of retail and office space.
  • 15 on-site parking spaces.
  • Strong potential for long-term appreciation in a developing area.

Property Details for 5423 95Th St

Property type
Retail properties, Office properties
Square Feet
6,700 SF
Class
B
Year Built
1979
Buildings
1
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Oak Lawn
County
Cook
State
Illinois
Latitude
41.71987726119
Longitude
-87.75694134876

FAQs

What type of property is this?
Retail property - 6,700 SF Multi-Tenant Office/Retail
Where is the retail property located?
The property is located at 5423 95Th St Oak Lawn, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High-traffic 95th Street location in Oak Lawn, IL, offering excellent visibility and accessibility.; Three ground-floor retail spaces generating stable income streams.; 2,000 sq. ft. second-floor office suite available for immediate lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5423 95Th St
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