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Corner Building with Ample Parking

1551 Westchester Boulevard, Westchester, IL 60154

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For Sale

$420,000

2400 sq ft corner building suitable for various businesses.

Type:Commercial

Property size:

2,400 SF

Price / SF:

$175/SF

HighLights

2400 sq ft corner building on 4 city lots with ample parking.
Excellent investment opportunity with diverse usage possibilities (restaurant, medical center, retail, offices, etc.).
Prime location near Mannheim & Cermak Rd with easy access to I‑290 expressway.
Brick building construction.
Recent roof resurfacing in 2022.
Equipped with fire alarm and security systems.

We can help!

Listing Contact

JOVITA ACEVEDO

For Sale

$420,000

2400 sq ft corner building suitable for various businesses.

Type:Commercial

Property size:

2,400 SF

Price / SF:

$175/SF

Added:: Oct 20, 2025
Days on Market:: 234
Last Refresh:: Apr 5 at 9:14 pm

Property Features for 1551 Westchester Boulevard

General Information

Standard status: Active
Size: 2,400 SF
Property subtype: Commercial

Building Details

Year Built: 1970

We can help!

Listing Contact

JOVITA ACEVEDO

Listing agent JOVITA ACEVEDO License #471003923

Listing office ACEVEDO REALTY GROUP

Listing date Oct 20, 2025

Source Corcoran

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 ACEVEDO REALTY GROUP

HighLights

2400 sq ft corner building on 4 city lots with ample parking.
Excellent investment opportunity with diverse usage possibilities (restaurant, medical center, retail, offices, etc.).
Prime location near Mannheim & Cermak Rd with easy access to I‑290 expressway.
Brick building construction.
Recent roof resurfacing in 2022.
Equipped with fire alarm and security systems.

Overview

This 2400 sq ft corner building presents a great investment opportunity for business growth. The brick building, situated on four city lots, offers ample parking spaces and convenient access to expressway I-290, near Mannheim and Cermak Road. It is suitable for a variety of functions, offering endless possibilities for owner or investment use. Potential business uses include a restaurant, grocery store, deli, medical center, doctor's office, physical therapy center, medical supply office, veterinary office, dog groomer, small workout gym, business center, financial offices, law, accounting, insurance offices, hair or nail salon, or day-care center. The roof was resurfaced in 2022. Mechanical improvements include a fire alarm, security systems, single 3-phase electrical system, four automatic entry doors, and a furnace and hot water heater approximately 9 years old.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$47.5k	$19.80
− Vacancy	−$3.1k	−$1.29
EGI	$44.4k	$18.51
− OpEx	−$11.1k	−$4.63
NOI	$33.3k	$13.88

2,400 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$476.0K

$416.5K – $555.4K (±1% cap)

NOI $33,323 @ 7.0% cap · market cap 7.93%

Second Best

Office B

$451.7K

$395.3K – $527.0K (±1% cap)

NOI $31,622 @ 7.0% cap · market cap 7.53%

Theoretical Best

Office A

$589.2K

$515.6K – $687.5K (±1% cap)

NOI $41,247 @ 7.0% cap · market cap 9.82%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Westchester
County: Sangamon
State: Illinois
Longitude: -89.6796
Latitude: 39.757

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For sale
Storefront properties
IL
Westchester
60154
1551 Westchester Boulevard

What type of property is this?

Storefront property - 2400 sq ft corner building suitable for various businesses.

Where is this storefront property located?

The property is located at 1551 Westchester Boulevard Westchester, IL.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: 2400 sq ft corner building on 4 city lots with ample parking.; Excellent investment opportunity with diverse usage possibilities (restaurant, medical center, retail, offices, etc.).; Prime location near Mannheim & Cermak Rd with easy access to I‑290 expressway.