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    Oak Lawn Commercial Opportunity

    9629 SOUTHWEST Highway Oak Lawn, IL 60453

    Claim this Listing
    For Sale
    $329,000

    COMMERCIAL - Oak Lawn, IL

    Type:Office
    Property size:
    1,200 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $274/SF
    Added:
    May 5, 2026
    Days on Market:
    69
    Last Refresh:
    Jul 12 at 2:06 am

    Property Features for 9629 SOUTHWEST Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    OFFIC
    Standard status
    Active
    APN
    24081210040000
    Size
    1,200 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    13028

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Brick, Concrete
    Roof type
    Rubber

    Listing agent Mark Ahmad License #471007186

    Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL

    Listing date May 5, 2026

    MLS# 12638601

    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 Southwest Hwy and 95th Ave, this single-story commercial building offers approximately 1,100 to 1,200 square feet. The property is situated in a dense, mixed-use business corridor with strong visibility and street presence, near Little Company of Mary and Advocate Christ Hospital. Currently used as a medical office, the interior features a reception area, three private exam rooms, two restrooms, dedicated office space, and a storage room. Natural light fills the space through three skylights. The building includes two parking sections, front and back. It is suitable for various businesses and professional uses, including dentists, accountants, attorneys, and mortgage offices. The property is near Target, K Mart, Jewel Foods, and other retailers, with proximity to major roads and interstates. The lot size is 0.1986 acres. The property is zoned OFFIC and located in Oak Lawn, IL. The total tax amount for both pins is $13,028.00.

    Key Highlights

    • Prime location at Southwest Hwy and 95th Ave. with high visibility and street presence.
    • Immaculate, move‑in ready condition, currently used as a medical office.
    • Versatile layout with reception area, 3 exam rooms, 2 restrooms, office space, and storage.

    Local Financial Insights For Office B

    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 $29.4k $24.48
    − Vacancy −$7.3k −$6.10
    EGI $22.1k $18.38
    − OpEx −$5.5k −$4.60
    NOI $16.5k $13.79
    1,200 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $236.4K
    $206.8K – $275.8K (±1% cap)
    NOI $16,546 @ 7.0% cap · market cap 5.03%
    Second Best
    Healthcare Medical
    $227.1K
    $198.7K – $265.0K (±1% cap)
    NOI $15,898 @ 7.0% cap · market cap 4.83%
    Theoretical Best
    Office A
    $414.3K
    $362.5K – $483.4K (±1% cap)
    NOI $29,001 @ 7.0% cap · market cap 8.81%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Catering Service Electrical Service Food Market Daycare Center Acupuncture (Bike/Boat/Book/etc) Store Nursing Home Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

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    Similar Off Market Nearby

    • Animal Welfare League — 10305 SW Hwy, Chicago Ridge, IL 60415
    • Oak Village Animal Hospital — 9748 SW Hwy, Oak Lawn, IL 60453
    • Petco Vaccination Clinic — 6220 W 95th St, Oak Lawn, IL 60453
    • Paws — 6200 95th St, Oak Lawn, IL 60453
    • Chicago Animal Rehab — 10051 Kitty Ave, Chicago Ridge, IL 60415

    FAQs

    What type of property is this?
    Medical Office Space - Single-story medical office near hospitals and major retailers.
    Where is this medical office space located?
    The property is located at 9629 SOUTHWEST Highway Oak Lawn, IL.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Prime location at Southwest Hwy and 95th Ave. with high visibility and street presence.; Immaculate, move‑in ready condition, currently used as a medical office.; Versatile layout with reception area, 3 exam rooms, 2 restrooms, office space, and storage.
    Contact an agent
    (312) 513-4490
    We can help!
    Contact an agent
    Mark Ahmad
    Mark Ahmad
    Real Estate License ID: 471007186
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