2709 Ridgeland Avenue Berwyn, IL 60402
COMMERCIAL - Berwyn, IL
Property Features for 2709 Ridgeland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Pending
- APN
- 16293080050000
- Size
- 2,750 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15747
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick, Concrete, Stone
Listing agent Taurino Morales License #475113111 (888) 574-9405
Listing office eXp Realty 939 W. North Ave., Chicago, IL (888) 574-9405
Listing date Feb 4, 2026
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.
Located at 2709 Ridgeland Avenue in Berwyn, IL, the site offers approximately 25 feet of frontage on Ridgeland Avenue in a bustling commercial area. The immediate area includes established businesses such as Quality Repair Shop, Pink Owl Cafe, Dorothy's, and V Bar. The property is also described as drawing from nearby MacNeal Hospital, about a 5-minute drive away, and is approximately a 7-minute walk north of the La Vergne Metra station.
Designed for flexibility, this building is positioned for commercial, retail, office, warehouse, or other business uses, based on the existing front retail/behind-warehouse arrangement and shared-site parking. The current layout can support businesses that need both storefront presence and practical back-of-house space for handling inventory, light warehouse activity, or operational workflows.
Key Highlights
- 2,750 sq. ft. retail/warehouse building with retail space, warehouse, drive‑in door, and 2‑car attached garage.
- Excellent location with 25' frontage on Ridgeland Avenue in a bustling commercial area.
- Proximity to MacNeal Hospital (5‑minute drive) with 1,000 employees.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.8k | $6.48 |
| − Vacancy | −$909 | −$0.33 |
| EGI | $16.9k | $6.15 |
| − OpEx | −$2.5k | −$0.92 |
| NOI | $14.4k | $5.23 |
