Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    9200 Cermak Rd Broadview, IL 60155

    Sponsored
    For Sale
    $2,950,000

    COMMERCIAL - Broadview, IL

    Lot size:
    1.03 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 9200 Cermak Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RTAIL
    APN
    15223140290000
    Lot size
    1.03 Acres

    Utilities

    Utilities
    Water Available
    Cooling system
    Window Unit(s), Central Air

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    24
    Flooring type
    Wood, Concrete
    Building materials
    Brick
    Roof type
    Membrane

    We can help!

    Listing Contact
    Gregory Ignarski

    RE/MAX City (773) 775-0600 [email protected]

    Listing agent Gregory Ignarski (773) 914-0600

    Listing date Dec 27, 2025

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Established Restaurant & Banquet Facility

    This commercial property features a restaurant and banquet facility that has been in operation for 50 years. Located on the ground floor of a two-story building, the property encompasses approximately 12,000 square feet with a full basement, situated on over an acre of land. The location is at the intersection of Cermak Road and 17th Avenue, with an average daily traffic count of 31,000 vehicles. Across the street is a strip center anchored by a Home Depot and Super Target. Parking is available for over 90 vehicles. The current C-2 zoning permits a variety of uses, and the Village of Broadview is open to considering variances and special uses. A modified bitumen roof was updated in 2019, and a new boiler was installed in 2020. The property includes multiple revenue centers, such as a restaurant with carry-out service, a bar, gaming, and multiple banquet rooms suitable for meetings, luncheons, and receptions. The top floor contains 23 studio apartments. The property is suitable for restaurants, retail, apartment buildings, and multifamily or residential income purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sawa's Old Warsaw ... Polish Restaurant Brookfield Jazz Society Non-Profit Organization ATM (BMO Harris ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broadview
    County
    Cook
    State
    Illinois
    Longitude
    -87.8529626
    Latitude
    41.8497539

    Nearby Similar for Sale

    • $2,950,000
      1.03 Acres

      Restaurant, Banquet, Apartments Opportunity

      Long-established restaurant, banquet facility with apartments on Cermak Road.
      9200 Cermak Rd, Broadview, IL 60155
      View Details
    • $2,425,000
      0.48 Acres

      Truck Repair Facility with Store

      Maywood truck repair facility with adjacent convenience store for sale.
      1310 S 4Th Ave, Maywood, IL 60153
      View Details
    • $419,900
      0.16 Acres

      Maywood Multifamily Townhome For Sale

      Two 3-bed, 2-bath units, finished basements, fenced backyard.
      1118 S 7Th Ave, Maywood, IL 60153
      View Details
    • $270,000

      Maywood Multi-Unit Investment Opportunity

      Five-unit building with rehab potential and spacious parking.
      1718 S 6Th Ave, Maywood, IL 60153
      View Details
    • $350,000
      0.14 Acres

      Medical Office Building For Sale

      Recently updated medical office building in a high-traffic location.
      2201 W Roosevelt Rd, Broadview, IL 60155
      View Details
    • New
      $185,000

      Maywood Two-Unit Property with Garage

      Two-unit property in Maywood, Illinois, with two-car garage.
      136 S 10Th Ave, Maywood, IL 60153
      View Details
    • $559,000
      0.57 Acres

      Maywood Car Wash For Sale

      Updated self-service car wash facility on a busy traffic corridor.
      801 W Roosevelt Rd, Maywood, IL 60153
      View Details
    • New
      $385,900

      Maywood Multi-Unit Property For Sale

      Two-unit property with a double lot and flexible living arrangements.
      112 S 14Th Ave, Maywood, IL 60153
      View Details
    • New
      $249,000

      Classic Maywood Two-Flat Opportunity

      Two-flat in Maywood, Illinois, with renovation potential.
      1110 S 4Th Ave, Maywood, IL 60153
      View Details
    • $169,900
      0.17 Acres

      Mixed-Use Property in Maywood, IL

      Mixed-use property with commercial space and residential apartment.
      216 N 3Rd Ave, Maywood, IL 60153
      View Details
    • $200,000
      0.08 Acres

      Maywood Mixed-Use Property For Sale

      Mixed-use property with retail space and a three-bedroom apartment.
      1310 5Th Ave S, Maywood, IL 60153
      View Details
    • $450,000
      1.41 Acres

      Maywood Commercial Property For Sale

      Large lot with existing structure and ample parking.
      615 S 5Th Ave, Maywood, IL 60153
      View Details

    FAQs

    What type of property is this?
    Restaurant - Long-standing restaurant, banquet facility, and apartments on large lot.
    Where is this restaurant located?
    The property is located at 9200 Cermak Rd Broadview, IL.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Established restaurant and banquet facility with 50 years of regional attraction.; - High-traffic location at the intersection of Cermak Road and 17th Avenue with 31,000 average daily vehicles.; - Multiple revenue centers: restaurant, bar, gaming, and banquet rooms.
    (773) 914-0600
    Request Owner's contact information
    9200 Cermak Rd Broadview, IL 60155
    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.
    9200 Cermak Rd
    Broadview, IL 60155
    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
    9200 Cermak Rd Broadview, IL 60155
    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

    We can help!
    Listing Contact
    Gregory Ignarski
    Real Estate License ID: 475134591
    (773) 914-0600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.