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    201-253 Commons Dr Chicago Ridge, IL 60415

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    For Lease
    Contact for pricing

    Retail space with high visibility and strong national retailers.

    Property size:
    2,880 SF
    Lot size:
    25.61 Acres

    Property Features for 201-253 Commons Dr

    General Information

    Size
    2,880 SF
    Lot size
    25.61 Acres

    Source: Brixmor Property Group | Chicago Agent Hannah Scott

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Chicago Ridge

    This retail space is located in a densely populated area with over 144,000 residents within a 3-mile radius. The location benefits from high visibility, with a traffic volume exceeding 50,000 vehicles per day. The property is part of a retail center with a strong lineup of national retailers, including The Home Depot, Marshalls, Ross Dress For Less, Five Below, and Shoe Carnival. These retailers attract an estimated 9,200 visits per day and over 3.3 million visits annually. Newly developed outparcels feature a modern facade design. The property is adjacent to the 833,000-square-foot Chicago Ridge Mall, which is anchored by Kohl's, Bed Bath & Beyond, AMC, and Sears. The available space measures 2,880 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Sunglass Hut, Oak Lawn Promenade, Commons of Chicago Ridge, Zippy Toys, Chicago Ridge Mall

    Location Insight

    • Map
    • Local Demand
    City
    Chicago Ridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.780238
    Latitude
    41.709472

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    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility and strong national retailers.
    Where is this shopping center located?
    The property is located at 201-253 Commons Dr Chicago Ridge, IL.
    What are key features of this property?
    This property features: - Strong national retailer lineup including The Home Depot, Marshalls, Ross, Five Below, and Shoe Carnival.; - High traffic location with 9,200 visits per day and over 3.3M visits per year.; - High visibility with over 50,000 vehicles per day (VPD).
    (847) 272-9800
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    Realmo Value Estimation

    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.

    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.

    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
    201-253 Commons Dr Chicago Ridge, IL 60415
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