Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (708) 675-1600
    Web Site
    Size: under 10 agents

    Agents

    Service Locations

    Property Types

    • Commercial Sale
    • Land
    • Commercial Lease
    • Residential Multi Family

    Listings

    For Sale (8)

    View map
    Commercial Lot on Cicero Avenue
    $49,999
    0.45 Acres

    Commercial Lot on Cicero Avenue

    High-traffic commercial lot with utilities in Oak Forest, Illinois.

    14901 S Cicero Ave, Oak Forest, IL 60452
    View details
    Commercial Property in Bridgeview, IL
    $1,599,000
    0.15 Acres

    Commercial Property in Bridgeview, IL

    Commercial property for sale in Bridgeview, Illinois.

    8424 S 77Th Ave, Bridgeview, IL 60455
    View details
    Wooded Lots Near Downtown Tinley
    $104,900

    Wooded Lots Near Downtown Tinley

    Residential land near Vogt Woods and Midlothian Creek.

    16966 Forest Glen Dr, Tinley Park, IL 60477
    View details
    Two-Story Office Building with Basement
    $1,200,000
    1.15 Acres

    Two-Story Office Building with Basement

    Two-story office building with separate second-floor access and a mostly finished basement for flexible tenant or buyer use.

    9999 W Lincoln Hwy, Frankfort, IL 60423
    View details
    Chicago Commercial Land For Sale
    $6,499,000
    1.07 Acres

    Chicago Commercial Land For Sale

    Commercial land available in Chicago, Illinois.

    2528 S Kedzie Ave, Chicago, IL 60623
    View details
    Commercial Lot on Cicero Avenue
    $49,999

    Commercial Lot on Cicero Avenue

    High-traffic commercial lot with utilities in place.

    14901 S Cicero Ave, Oak Forest, IL 60452
    View details
    Two-Story Office Building with Basement
    Contact for pricing
    8,400 SF

    Two-Story Office Building with Basement

    Two-story office building with finished basement and flexible layout.

    9999 W Lincoln Hwy, Frankfort, IL 60423
    View details
    Commercial Land on Cicero Avenue
    $49,999

    Commercial Land on Cicero Avenue

    Commercial land available on Cicero Avenue in Oak Forest.

    14901 S Cicero Ave, Oak Forest, IL 60452
    View details

    For Lease (3)

    View map
    Office/Medical Suite with Private Entrance
    Contact for pricing

    Office/Medical Suite with Private Entrance

    Office and medical suite with five exam rooms, two reception areas, and a full kitchen for client-ready operations.

    6825 Kingery Hwy, Willowbrook, IL 60527
    View details
    Blue Island Commercial Retail Space
    Contact for pricing
    12,301 SF

    Blue Island Commercial Retail Space

    Ready-to-lease building in Blue Island with recent upgrades.

    2418 Vermont St, Blue Island, IL 60406
    View details
    Storefront for Lease Near Kedzie
    Contact for pricing

    Storefront for Lease Near Kedzie

    Storefront for lease in Chicago near busy Kedzie Avenue.

    5910 S Troy St, Chicago, IL 60629
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    RE/MAX 1st Service
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    RE/MAX 1st Service
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!