Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9725 Southwest Hwy Oak Lawn, IL 60453

    View on Map
    Sponsored
    For Sale
    $445,000

    COMMERCIAL - Oak Lawn, IL

    Type:Retail
    Property size:
    3,000 SF
    Lot size:
    0.07 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 9 at 9:06 pm

    Property Features for 9725 Southwest Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    RTAIL
    APN
    24081200090000
    Size
    3,000 SF
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Anthony Meier
    Anthony Meier

    Keller Williams Preferred Realty (708) 798-1111

    Listing agent Anthony Meier (708) 932-9522

    Listing date Mar 9, 2026

    MLS# 12584699

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building in Oak Lawn

    This multi-unit commercial building is located in Oak Lawn. The property features three approximately 1,000 sq. ft. units, all currently leased. The flexible layout allows for a variety of uses including office, dental, medical, legal, real estate, accounting, and other professional services. The property offers storage space and an overhead door for access. Approximately 10 parking spaces are available in both the front and rear of the building. Recent improvements include newer A/C units and furnaces for all three units, a newer roof, and updated bathrooms. The property is situated in a prime Oak Lawn location with high daily traffic counts, providing exposure and accessibility for businesses. The lot size is 0.066 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    Blumgarten, Veronica's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7733271
    Latitude
    41.7149026

    Nearby Similar for Sale

    • New
      $585,000
      4,218 SF

      Oak Lawn Commercial Opportunity

      Well-maintained medical/office building in high-demand location near Advocate Christ Hospital.
      5346 W 95Th St, Oak Lawn, IL 60453
      View Details
    • New
      $56,900
      Pending

      Corner Office Condo in Oak Lawn

      Professional office condo with private washroom in Oak Lawn, IL.
      4647 W 103Rd St, Oak Lawn, IL 60453
      View Details
    • New
      $1,100,000
      7,400 SF

      Bridgeview Mixed-Use Building on Harlem

      Well-maintained mixed-use building with commercial and residential units.
      7654 S Harlem Ave, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      2,884 SF

      Oak Lawn Multi-Family Home

      Two-unit multi-family home with eight bedrooms and three and a half bathrooms.
      9312 S Kolmar Ave, Oak Lawn, IL 60453
      View Details
    • $499,900
      0.14 Acres

      Oak Lawn Multi-Family Property

      Maintenance-free building with three-bedroom units, great investment potential.
      10309 Parkside Ave, Oak Lawn, IL 60453
      View Details
    • $730,000

      Oak Lawn Income Property

      Income-producing three-unit property in the Lake Louise area.
      10320 Mansfield Ave, Oak Lawn, IL 60453
      View Details
    • $639,900

      Burbank Triplex with Basement Unit

      Custom triplex in prime Burbank location near amenities and expressway.
      7912 Nordica Ave, Burbank, IL 60459
      View Details
    • $409,000

      Bridgeview Two-Unit Residential Property

      Well-maintained two-unit property with a full basement in Bridgeview.
      7549 S Roberts Rd, Bridgeview, IL 60455
      View Details
    • New
      $750,000
      0.16 Acres

      Mixed-Use Building in Oak Lawn

      Mixed-use property with commercial and residential units in prime location.
      5307 W 95Th St, Oak Lawn, IL 60453
      View Details
    • $199,900

      Land in Oak Lawn, IL

      Land available for sale in Oak Lawn, Illinois.
      9940 Melvina Ave, Oak Lawn, IL 60453
      View Details
    • $375,000
      0.25 Acres

      Tudor Residential Income Opportunity

      Residential income property in Justice, IL, with investment potential.
      8643 W 73Rd Pl, Justice, IL 60458
      View Details
    • $300,000
      1.30 Acres

      Oak Lawn Gas Station For Sale

      Tenant-occupied gas station with long-term lease and fuel agreement.
      12345 Confidential Cir, Oak Lawn, IL 60453
      View Details

    FAQs

    What type of property is this?
    Storefront property - Multi-unit commercial building with income potential in prime location.
    Where is this storefront property located?
    The property is located at 9725 Southwest Hwy Oak Lawn, IL.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Prime Oak Lawn location with high traffic and excellent exposure.; - Three 1,000 sq. ft. units, all currently leased and generating immediate income.; - Ideal for owner-user: operate a business in one unit and collect rent from the other two.
    (708) 932-9522
    Request Owner's contact information
    9725 Southwest Hwy Oak Lawn, IL 60453
    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.
    9725 Southwest Hwy
    Oak Lawn, IL 60453
    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
    9725 Southwest Hwy Oak Lawn, IL 60453
    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
    Anthony Meier
    Anthony Meier
    Real Estate License ID: 471018883
    (708) 932-9522 (708) 798-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!