Rehabilitated Brick Flex
For Sale
$389,900
Pending
10333 Oxford Ave, Chicago Ridge, IL 60415
C2-zoned property offers adaptable warehouse, office, and retail use potential.
Property Size2,500 SF
Days on Market241
Property Features for 10333 Oxford Ave
General Information
Standard status
Pending
Size
2,500 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
C2
Warehouse & Industrial
Clear Height
9 ft
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
Amenities
reception area
main shop
private office space
new kitchen
new bathroom
storage area
overhead loading garage
fenced
new heating system
fire alarm
Building Details
Year Built
1972
Building Size
2,500 SF
Construction
brick
Listing Agency:
Infiniti Properties, Inc.
Listed By:
Rima Odeh · License #475102798
(708) 856-5100
Source:
Illianahomesource
Added: Jan 23
Changed: Sep 21
Last Checked: Sep 21 at 6:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Infiniti Properties, Inc.
Investment Insights
Based on property information with market context.
Located in Chicago Ridge, this approximately 2,500-square-foot flex property is a solid brick building originally constructed in 1972 and comprehensively rehabilitated. The layout includes a reception area, a 38-by-25-foot main shop, private office, employee kitchen, bathroom, storage space, and one rear overhead loading garage. Nine-foot ceilings, a new heating system, and a village-connected fire alarm support day-to-day operations.
The fenced property includes 20 parking spaces and is positioned at 10333 Oxford Ave. C2 zoning supports a range of commercial applications, including warehouse, office, retail, auto body, tile display, and carpentry uses. The combination of shop, office, service, and storage areas creates a flexible configuration for an owner-user or commercial operator.
The fenced property includes 20 parking spaces and is positioned at 10333 Oxford Ave. C2 zoning supports a range of commercial applications, including warehouse, office, retail, auto body, tile display, and carpentry uses. The combination of shop, office, service, and storage areas creates a flexible configuration for an owner-user or commercial operator.
Key Highlights
- Approximately 2,500 square feet of rehabilitated flex space
- C2 zoning supports warehouse, office, retail, auto body, tile display, and carpentry uses
- 38x25 main shop with private office, reception, kitchen, bathroom, and storage
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
$34,700
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
8.90%
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%
$694,000
$694.0K
Cap Rate 7%
$495,714
$495.7K
Cap Rate 9%
$385,556
$385.6K
Market Conditions
NOI Build-Up for 2,500 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
$54.0K $21.60/SF
− Vacancy
−$4.4K −$1.77/SF
EGI
$49.6K $19.83/SF
− OpEx
−$14.9K −$5.95/SF
NOI
$34.7K $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%
$694,000
Cap Rate 7%
$495,714
Cap Rate 9%
$385,556
Alternative Uses
Best Use
Retail
$495.7K
$433.8K – $578.3K
NOI $34,700 @ 7.0% cap · market cap 8.90%
Second Best
Flex RnD
$376.1K
$329.1K – $438.8K
NOI $26,325 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
9 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned property offers adaptable warehouse, office, and retail use potential.
Where is this flex space located?
The property is located at 10333 Oxford Ave Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Approximately 2,500 square feet of rehabilitated flex space; C2 zoning supports warehouse, office, retail, auto body, tile display, and carpentry uses; 38x25 main shop with private office, reception, kitchen, bathroom, and storage
