10526 Cermak RdWestchester, IL 60154

Property Details for 10526 Cermak Rd

Year built

1975

Lot size

0.34 AC

Property type

Retail space

Property subtype

Storefront properties

APN

15-20-418-131

APU

1520418131

Description

This exceptional 31,000 square foot executive office building, located at 10526 W Cermak Rd in Westchester, Illinois, presents a compelling investment opportunity. Built in 1976, the property sits on a 0.34-acre lot and offers ample parking with 110 spaces. The building boasts convenient 24-hour access and an on-site property management office, ensuring seamless operations. Its prime location provides easy access to a variety of nearby restaurants, enhancing the convenience for tenants and employees. Commuters will appreciate the building's proximity to the LaGrange Rd Station Commuter Rail, just an 8-minute drive away. The property also features prominent monument signage, providing excellent visibility and brand recognition. The asking price for this well-maintained and strategically located office building is $2,000,000. This is an ideal opportunity for investors seeking a strong return in a thriving suburban market. The property's size, amenities, and location combine to create a highly desirable asset. The substantial parking provision caters to the needs of a large workforce, while the on-site management ensures efficient building operation. The convenient access to public transportation and local amenities further enhances the property's appeal. The prominent signage offers significant marketing potential. This is a rare opportunity to acquire a substantial and well-positioned executive office building in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,637,414

  6.5%

  $6,126,844

  7%

  $5,689,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,923,450

  Geo Method

  $4,923,450

• Alternative Use

  Use

  Valuation

  Residential

  $5,168,222

  Hospitality

  $4,734,064

  Educational

  $3,938,686

  Medical

  $4,074,143

  Retail

  $6,126,844

Location Insight

City

Westchester

County

Cook

State

Illinois

Latitude

41.8488

Longitude

-87.8852

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].