Brick Flex Space with Loading
For Sale
Under Contract
$389,900
10333 Oxford Avenue, Chicago Ridge, IL 60415
Commercial Sale, Chicago Ridge, IL
Property Size2,500 SF
Lot Size0.19 Acres
Price / SF$155.96
Days on Market186
Property Features for 10333 Oxford Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
INDUS
Directions
95th to Ridgeland S to Washington 103rd & Oxford
Subdivision
Chicago Ridge
Standard status
Active Under Contract
APN
24171020140000
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Cooling system
Central Air
Building Details
Year built
1972
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Infiniti Properties, Inc.
(708) 206-3000
Listed By:
Rima Odeh · License #475102798
(708) 856-5100
Added: Mar 15
Changed: Aug 20
Last Checked: Sep 16 at 10:06PM
MLS# 12592784
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated brick flex property provides approximately 2,500 square feet of usable commercial space. The interior includes a reception area, private office, 38-by-25-foot main shop, employee kitchen, bathroom, and storage area. A rear overhead loading garage supports service and warehouse functions, while the building also offers 9-foot ceilings, central air, a new heating system, and a fire alarm connected to the village.
The property is enclosed by fencing and includes 20 parking spaces. Its 1972 construction, brick exterior, varied work areas, and combination of office and shop space create a practical format for commercial operations requiring both workspace and administrative areas. The site is located at 10333 Oxford Avenue in Chicago Ridge, Illinois 60415.
The property is enclosed by fencing and includes 20 parking spaces. Its 1972 construction, brick exterior, varied work areas, and combination of office and shop space create a practical format for commercial operations requiring both workspace and administrative areas. The site is located at 10333 Oxford Avenue in Chicago Ridge, Illinois 60415.
Key Highlights
- Approximately 2,500 square feet of renovated flex space
- 38‑by‑25‑foot main shop with reception, office, kitchen, bathroom, and storage areas
- Rear overhead loading garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,325
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,500
$526.5K
Cap Rate 7%
$376,071
$376.1K
Cap Rate 9%
$292,500
$292.5K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.0K $18.00/SF
− Vacancy
−$4.5K −$1.80/SF
EGI
$40.5K $16.20/SF
− OpEx
−$14.2K −$5.67/SF
NOI
$26.3K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,500
Cap Rate 7%
$376,071
Cap Rate 9%
$292,500
Alternative Uses
Best Use
Flex RnD
$376.1K
$329.1K – $438.8K
NOI $26,325 @ 7.0% cap · market cap 6.75%
Second Best
Warehouse
$186.7K
$163.4K – $217.8K
NOI $13,068 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
9 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - The layout combines reception, office, shop, storage, kitchen, and bathroom areas.
Where is this flex space located?
The property is located at 10333 Oxford Avenue Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Approximately 2,500 square feet of renovated flex space; 38‑by‑25‑foot main shop with reception, office, kitchen, bathroom, and storage areas; Rear overhead loading garage
