5423 95Th StOak Lawn, IL 60453

Property Details for 5423 95Th St

Year built

1977

Lot size

0.26 AC

Property type

Retail space

Property subtype

Storefront properties

APN

24-09-102-044

APU

2409102044

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,439,872

  6.5%

  $5,021,420

  7%

  $4,662,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,779,568

  Geo Method

  $3,779,568

• Alternative Use

  Use

  Valuation

  Residential

  $4,235,756

  Hospitality

  $3,879,929

  Educational

  $3,228,056

  Medical

  $3,339,073

  Retail

  $5,021,420

Location Insight

City

Oak Lawn

County

Cook

State

Illinois

Latitude

41.7196

Longitude

-87.7568

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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