Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1311 21 St Zion, IL 60099

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready salon space across from Jewel-Osco.

    Property Features for 1311 21 St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jason Bitton
    Jason Bitton
    Source: Crexi

    Listing Agency: RE/MAX Suburban Listing Agent: Jason Bitton

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

    Learn more

    Overview

    Turnkey Salon Space in Zion

    Available for lease is a 1,200 square foot space located at 1311 21st St, Zion, IL 60099. Previously a Cost Cutters salon, the space is situated directly across from Jewel-Osco. The layout is turnkey and includes 8 styling stations, 3 hair-washing sinks, a back room, a laundry area, and a private restroom. This space is suitable for a salon, barber, beauty, or personal care business. The space is available for immediate occupancy. The location is a convenient and visible neighborhood retail location with high traffic. It is move-in ready with existing salon fixtures, requiring minimal buildout. The space is suitable for service retail and small suite users, boutique retail, personal service use, and appointment-based businesses. It is ideal for businesses such as a hair salon, beauty salon, barber shop, hair stylist, cosmetology, blow dry bar, lash studio, brow studio, makeup studio, med spa, spa, skin care, esthetician, beauty services, personal care, and wellness services.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Zion
    County
    Lake
    State
    Illinois
    Longitude
    -87.8597
    Latitude
    42.4565

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Zion Business District

      Retail spaces available in Zion's central business district.
      2200 Sheridan Rd, Zion, IL 60099
      View Details
    • Contact for pricing

      New Retail Center in Zion

      New retail center with spaces available in 2025.
      2001 Sheridan Rd, Zion, IL 60099
      View Details
    • Contact for pricing

      Retail Space on Sheridan Road

      Freestanding retail space in high-traffic area, drive-thru potential.
      3325 Sheridan Rd, Zion, IL 60099
      View Details
    • Contact for pricing
      1,835 SF

      Retail Space on Sheridan Road

      Freestanding retail building with high traffic and parking.
      3325 Sheridan Rd, Zion, IL 60099
      View Details
    • Contact for pricing
      4,800 SF

      Zion Flex Space Available

      Flex space available for lease in Zion, Illinois.
      3300 21 St, Zion, IL
      View Details
    • Contact for pricing

      Zion Professional Building Office Space

      Office spaces available in Zion, utilities included.
      3115 Lewis Ave, Zion, IL 60099
      View Details
    • Contact for pricing

      Secured Yard with Maintenance Facility

      9-acre fenced yard with 180 trailer parking spaces for lease.
      700 Trumpet Park Dr, Zion, IL
      View Details
    • Contact for pricing

      Retail Space in Zion, IL

      Retail space near Illinois Beach State Park and Zion Town Center.
      3242 Sheridan Rd, Zion, IL 60099
      View Details

    FAQs

    What type of property is this?
    Retail space - Move-in ready salon space across from Jewel-Osco.
    Where is this retail space located?
    The property is located at 1311 21 St Zion, IL.
    What are key features of this property?
    This property features: - Turnkey salon layout with **8 styling stations and 3 hair-washing sinks**, ready for immediate occupancy.; - Located directly across from Jewel-Osco in a high-traffic location.; - Ideal for salon, barber, beauty, or personal care businesses.
    Request Owner's contact information
    1311 21 St Zion, IL 60099
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1311 21 St
    Zion, IL 60099
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1311 21 St Zion, IL 60099
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Bitton
    Jason Bitton
    Real Estate License ID: IL475170841
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!