Cicero Retail/Office Space
For Sale
Contact for pricing
5310 W Cermak Rd, Cicero, IL
Former bank space with great co-tenancy and abundant parking.
Property Size5,154 SF
Lot Size0.36 Acres
Price / SF$174.43
Days on Market1221
Property Features for 5310 W Cermak Rd
General Information
Standard status
Active
Size
5,154 SF
Lot size
0.36 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 5310 W Cermak Rd Contact us- Floor
- 2
- Size
- 5,154 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
5310 W Cermak Rd
- Steps from 54th/Cermak Metra & Pink Line stop
- Close proximity to Bus 21 54th/Cermak...
show more
Contact us
Listing Agency:
JBS Commercial Real Estate
(312) 462-1021
Listed By:
Edgar Cervantes · License #471011705
Source:
Moodyscre
Added: Apr 18, 2023
Changed: Aug 8
Last Checked: Aug 20 at 5:42AM
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 JBS Commercial Real Estate
Investment Insights
Based on property information with market context.
This 5,154 square foot property is located on Cermak Road in Cicero, Illinois. The property is near the 54th/Cermak Metra and Pink Line stop and is in close proximity to the Bus 21 54th/Cermak Ave stop. It is also located near retail destinations, a public library, and Unity Junior High School. The property features an on-site ATM and bank and has great co-tenancy with Huntington Bank. Abundant parking is available. The property was formerly a bank space and may be suitable for retail or office use.
Key Highlights
- Steps from 54th/Cermak Metra & Pink Line stop
- Abundant Parking
- Great Co‑Tenancy with Huntington Bank
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
$71,538
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
7.96%
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%
$1,430,760
$1.4M
Cap Rate 7%
$1,021,971
$1.0M
Cap Rate 9%
$794,867
$794.9K
Market Conditions
NOI Build-Up for 5,154 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
$111.3K $21.60/SF
− Vacancy
−$9.1K −$1.77/SF
EGI
$102.2K $19.83/SF
− OpEx
−$30.7K −$5.95/SF
NOI
$71.5K $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%
$1,430,760
Cap Rate 7%
$1,021,971
Cap Rate 9%
$794,867
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,278 @ 7.0% cap · market cap 9.60%
Second Best
Retail
$1.02M
$894.2K – $1.19M
NOI $71,538 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,561 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Former bank space with great co-tenancy and abundant parking.
Where is this office units located?
The property is located at 5310 W Cermak Rd Cicero, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Steps from 54th/Cermak Metra & Pink Line stop; Abundant Parking; Great Co‑Tenancy with Huntington Bank
