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Two-Story Mixed-Use Building
For Sale
$650,000

10550 W Cermak Road, Westchester, IL 60154

Commercial Sale, Westchester, IL

Property SizeContact for details
Lot Size0.11 Acres
Days on Market141

Property Features for 10550 W Cermak Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning OFFIC
Fireplace 1
Directions South of 290 and West of S. Mannheim on Cermak Road in Westchester
Subdivision Westchester
Standard status Active
APN 15204181240000
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 11565

Utilities

Cooling system Central Air

Amenities

separate entrances
separate utilities

Building Details

Year built 1965
Floors in Building 2
Number of units 2
Flooring type Tile, Vinyl, Carpet
Building materials Brick, Block, Glass
Roof type Membrane
Listing Agency: RE/MAX Properties Northwest · RE/MAX International
Listed By: Brian Leahy
Added: May 7 Changed: Sep 12 Last Checked: Sep 24 at 2:06PM
MLS# 12632302

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 two-story mixed-use building combines professional office space on the ground level with a remodeled residential unit above. The first floor has supported dental, medical, legal, accounting, and property management uses. The second floor contains a two-bedroom, two-bath apartment updated in 2018 with a renovated kitchen, bathrooms, windows, and flooring, along with a fireplace and bar. Separate entrances and utilities serve each component.

The brick, block, and glass building was constructed in 1965 and includes central air, membrane roofing, and a sprinkler system. On-site parking supports the property, while its position on W Cermak Road provides access to O'Hare Airport, downtown Chicago, and major interstate highways. The site is 0.1148 acres and carries OFFIC zoning.

Key Highlights

  • Two‑story mixed‑use building with office space and a 2 bed, 2 bath apartment
  • Second‑floor apartment remodeled in 2018 with updated kitchen, baths, windows, and flooring
  • Separate entrances and utilities for the office and residential components

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Restaurant Real Estate Agency Auto Repair Shop Building Supply Big Box & Wholesale Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

620
Businesses Nearby

Demographics for 60154, IL

16,895
Population
7,376
Households
2.3
Avg Household Size
48
Median Age
46%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,840
Density / Sq Mi
$103,561
Median Household Income
$60,967
Median Earnings
$1,767
Median Rent
$297,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Office and residential components feature separate entrances, independent utilities, and on-site parking.
Where is this mixed-use property located?
The property is located at 10550 W Cermak Road Westchester, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with office space and a 2 bed, 2 bath apartment; Second‑floor apartment remodeled in 2018 with updated kitchen, baths, windows, and flooring; Separate entrances and utilities for the office and residential components
More about this property
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