Building Details

Year built 1959

Floors in Building 1

Number of units 2

Building materials Concrete, Block

Listing Agency: REMAX Legends · RE/MAX International J***@soldbylegends.com Show Phone

Listed By: Fady Ishak Show Phone

Added: Sep 25 Last Checked: Sep 26 at 2:06PM

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MLS# 12769311

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 freestanding storefront building was constructed in 1959 with concrete and block materials. Its interior has updated flooring and finishes, with an open layout. Central air and on-site parking are also included. The property is zoned TC-1 Town Center, which supports commercial and mixed-use business types.

At the corner of Sauk Trail, the site is reported to see more than 27,000 vehicles daily. I-57 is described as minutes away, providing access for customers and staff.

Key Highlights

• Freestanding building on a corner lot along Sauk Trail
• 3,086 SF building, as stated in the property remarks
• TC‑1 Town Center zoning supports commercial and mixed‑use business types

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

$42,834

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

8.57%

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%

$856,680 $856.7K

Cap Rate 7%

$611,914 $611.9K

Cap Rate 9%

$475,933 $475.9K

Market Conditions

NOI Build-Up for 3,086 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

$66.7K $21.60/SF

− Vacancy

−$5.5K −$1.77/SF

EGI

$61.2K $19.83/SF

− OpEx

−$18.4K −$5.95/SF

NOI

$42.8K $13.88/SF

Area

Cook County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

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%

$856,680

Cap Rate 7%

$611,914

Cap Rate 9%

$475,933

Alternative Uses

Best Use

Retail

$611.9K

$535.4K – $713.9K (±1% cap)

NOI $42,834 @ 7.0% cap · market cap 8.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.07M

$932.3K – $1.24M (±1% cap)

NOI $74,582 @ 7.0% cap · market cap 14.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Big Box & Wholesale Store Building Supply 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

27,000 VPD

Traffic count

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

523

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60471, IL

13,155

Population

5,505

Households

2.4

Avg Household Size

40

Median Age

30%

College-Educated

95%

High-School Grad

4.0 sq mi

ZIP Area

3,289

Density / Sq Mi

$72,241

Median Household Income

$47,029

Median Earnings

$1,319

Median Rent

$200,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - An open interior layout, on-site parking, and TC-1 Town Center zoning support a range of commercial business types.

Where is this storefront property located?

The property is located at 3913 Sauk Trail Richton Park, IL.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Freestanding building on a corner lot along Sauk Trail; 3,086 SF building, as stated in the property remarks; TC‑1 Town Center zoning supports commercial and mixed‑use business types