5544 147Th StOak Forest, IL 60452

Property Details for 5544 147Th St

Year built

1972

Lot size

2.76 AC

Property type

Retail space

APN

28-09-100-134

APU

2809100134

Description

This exceptional retail opportunity in Oak Forest, Illinois, presents a 13,908 square foot, four-building complex situated on a 107,837 square foot lot. Built in 1972, the single-story brick buildings with metal pitched roofs are connected by walkways and feature attractive landscaping. The property boasts excellent visibility at the northeast corner of 147th Street and Central Avenue, enhanced by a large, easily visible street sign. Multiple suites are available, offering flexible space adaptable to various business needs. Tenants can choose from high-visibility frontage or more private locations. The property is zoned C1 and features a Cook County APN of 28091001340000. Landlords are open to assisting with tenant build-outs under agreeable terms. This prime location offers a unique chance to establish or expand your business in a thriving community. The property's address is 5544 147th St, Oak Forest, IL 60452.

• CAP approach

  CAP return

  Valuation

  6%

  $56,796,700

  6.5%

  $52,427,720

  7%

  $48,682,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,461,780

  Geo Method

  $39,461,780

• Alternative Use

  Use

  Valuation

  Residential

  $44,224,744

  Hospitality

  $40,509,628

  Educational

  $33,703,536

  Medical

  $34,862,652

  Retail

  $52,427,720

Location Insight

City

Oak Forest

County

Cook

State

Illinois

Latitude

41.6255

Longitude

-87.7557

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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