1551 Westchester Boulevard, Westchester, IL 60154
COMMERCIAL - Westchester, IL
- Added:
- Oct 20, 2025
- Days on Market:
- 239
- Last Refresh:
- Jun 15 at 2:06 pm
Property Features for 1551 Westchester Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- COMMR
- Standard status
- Active Under Contract
- APN
- 15221190160000
- Size
- 2,400 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 21437
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Sealed
- Building materials
- Brick
Listing agent Jovita Acevedo License #471003923 (312) 719-1100
Listing office Acevedo Realty Group 4535 S Kedzie Ave, Chicago, IL (312) 719-1100
Listing date Oct 20, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2400 SF corner brick building with ample parking spaces near Mannheim & Cermak Rd, with easy access to I‑290
- Sits on 4 city lots (4 pins) and offers space for a variety of business uses
- Central air and concrete/sealed flooring throughout the building
- Roof resurfaced in 2022
- Security and fire alarm systems plus 4 automatic entry doors
- Single- and 3‑phase electrical; furnace and hot water heater are approx. 9 years old
Overview
The building’s Westchester setting offers convenient access to the expressway (I-290) and is described as being near Mannheim and Cermak Rd. The location also supports businesses that rely on straightforward customer access and parking.
Zoned COMMR, the property is presented as a flexible fit for many tenant types, including restaurant, grocery/deli, medical and therapy services, and professional offices such as doctors, physical therapy, veterinary, and day-care. It may also work for specialty retail concepts and service-oriented businesses like grooming or salons. Whether you are planning to open a new location or add to an investment portfolio, this corner retail building provides the size, entry configuration, and on-site parking commonly required for neighborhood-serving operations.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Westchester
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.679651
- Latitude
- 39.75701
