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7907 W Cermak Rd
North Riverside, IL 60546

$829,900 USD

Storefront Retail Office For Sale  •  4,100 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 4,100 SF
  • Lot Size 0.21 AC
  • Building Class B
  • Year Built 1945
  • Cap Rate 8.26 %
  • Tenancy Multiple
  • Zoning B-1, North Riverside
0 Transit Score
61 Walk Score

Description 

Armchair, 4000 SF commercial investment property w/excellent 3000 SF retail corporate tenant & great returns!  Very Clean brick building with dedicated parking lot (17 spaces) on three (3) full size Village lots (75 foot frontage on Cermak), in strategic location on Cermak Road near busy Des Plaines Ave with easy access to Harlem Ave & I-290 to City (only 9 miles) and all western suburbs. Very reasonable, mixed-use Cook county real estate taxes.

Property includes a renovated 1000 SF - 2 bed/1 bath rear apartment with refinished hardwood floors & new cherry wood kitchen with SS appliances and a large functional, semi-finished 1000 SF basement below with abundant natural light, family room & laundry. This apartment was renovated in 2018 and offers easy supplemental income for the 7907 W Cermak Rd building. Parking lot offers easy exit thru open alley at the rear of the property,

Highlights

Armchair investment, newer corporate lease w/ national staffing co. with 20+ branches across the U.S.
Clean building, brick construction, w/ new interior LED energy efficient fixtures, VCT flooring, loft style office/retail space!
Lowest Cook County Taxes possible (mixed use)! Large parking lot, 3 Village lots included!
Good visibility on busy Cermak Road (38,000 VPD) with Signage Possibilities!
Rear renovated Apt w/full basement, laundry & natural light for substantial supplemental income (or storage)!
Best location with access to I-290, 9 miles to City, easy access to Western Burbs!

Financial Summary (Actual)

Net Operating Income: $68,576 USD (2023)
Cap Rate: 8.26 %
Total Expenses: $11,120 USD

Major Tenants

Tenant SF Occupied Lease End Date
Vacant-lots.com 3,000 SF

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Riverside Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 1.8 mi
Harlem Avenue Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.3 mi
AirportDriveWalkDistance
Chicago Midway International 14 min - 7.5 mi
Chicago O'Hare International 26 min - 12.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes
Jeffrey Petrovski 630-368-7504 Martin Commercial Partners
Jeffrey Petrovski 630-368-7504 Martin Commercial Partners