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Two-Story Mixed-Use Building
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10550 W Cermak Road, Westchester, IL 60154

Sprinklered property combines professional office space with a separately serviced residential apartment and on-site parking.

Days on Market3

Property Features for 10550 W Cermak Road

General Information

Standard status Active
Property subtype Commercial
Zoning OFFIC

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $11,565

Building Details

Building Size 2,998 SF
Year Built 1965
Buildings 1
Stories 2
Listing Agency: RE/MAX Properties Northwest
Listed By: Brian Leahy
Source: Perillorealestategroup
Added: Jul 30 Changed: Aug 1 Last Checked: Aug 1 at 1:37AM

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 RE/MAX Properties Northwest

Investment Insights

Based on property information with market context.

Built in 1965, this two-story mixed-use building pairs professional office space with an updated residential component. The first floor is configured for office occupancy and has previously housed dental and property management operations. A fully remodeled second-floor apartment includes two bedrooms, two bathrooms, an updated kitchen, renovated baths, replacement windows, new flooring, a fireplace, and a bar.

Separate entrances and utilities serve the office and apartment, supporting distinct occupancy arrangements. The property is fully sprinklered and includes on-site parking. Its Westchester location provides access to O'Hare Airport, downtown Chicago, and major interstate highways.

Key Highlights

  • Two‑story mixed‑use building constructed in 1965
  • Fully remodeled 2‑bed, 2‑bath apartment completed in 2018
  • First‑floor professional office space with prior dental and property management uses

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Restaurant Food Market Grocery & Convenience Store Bakery Parking Lot & Garage

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

1
Residential units
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

912
Businesses Nearby

Demographics for 60154, IL

16,895
Population
7,376
Households
2.3
Avg Household Size
48
Median Age
46%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,840
Density / Sq Mi
$103,561
Median Household Income
$60,967
Median Earnings
$1,767
Median Rent
$297,400
Median Home Value

Market

Properties on Market for Mixed-use properties in Sangamon County

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Sprinklered property combines professional office space with a separately serviced residential apartment and on-site parking.
Where is this mixed-use property located?
The property is located at 10550 W Cermak Road Westchester, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1965; Fully remodeled 2‑bed, 2‑bath apartment completed in 2018; First‑floor professional office space with prior dental and property management uses
More about this property
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