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    7104 Cermak Rd Berwyn, IL 60402

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    For Lease
    $37 SF/Yr ($7,455 /Mo)

    Retail space on a major thoroughfare near regional mall.

    Property size:
    2,418 SF
    Lot size:
    0.07 Acres

    Property Features for 7104 Cermak Rd

    General Information

    Size
    2,418 SF
    Lot size
    0.07 Acres

    Source: Bern Realty LLC Agent Drew B. Krisco

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

    Overview

    Retail Space on Cermak Road

    This retail space is situated on Cermak Road, a major east-west thoroughfare serving the communities of Berwyn, Cicero, and North Riverside. The location benefits from a 24/7 retail trade area driven by the North Riverside Park Mall, a 1.1 million-square-foot regional mall attracting an estimated 15 million shoppers annually. The property features national co-tenancy, ease of parking, high visibility, and pylon signage. The property offers 2,418 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Cook
    State
    Illinois
    Longitude
    -87.802126
    Latitude
    41.850698

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    FAQs

    What type of property is this?
    Retail space - Retail space on a major thoroughfare near regional mall.
    Where is this retail space located?
    The property is located at 7104 Cermak Rd Berwyn, IL.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - Located on Cermak Rd., a major east/west thoroughfare.; - 24/7 retail trade area.; - Driven by the North Riverside Park Mall.
    (708) 771-7600
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    7104 Cermak Rd Berwyn, IL 60402
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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
    7104 Cermak Rd Berwyn, IL 60402
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