Streetfront Retail
New
For Sale
$198,000
18159 Dixie Highway, Homewood, IL 60430
Condo layout includes reception, offices, and a conference room.
Property Size1,250 SF
Price / SF$158.40
Days on Market3
Property Features for 18159 Dixie Highway
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Retail
Site & Location
Road Access
Yes
Public Transit
Yes
Amenities
lobby
conference room
Building Details
Building Size
1,250 SF
Year Built
1952
Tenancy
Single
Listing Agency:
(630) 330-3352
Listed By:
Karen Kulczycki, CCIM, SIOR · License #IL #471020279
(630) 330-3352
Source:
Svn
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 5:43AM
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 Karen Kulczycki, CCIM, SIOR
Investment Insights
Based on property information with market context.
This ±1,250 SF retail condo offers a flexible commercial layout with picture-window exposure along Dixie Highway. Interior improvements include a lobby and reception area, private offices, a conference room, restroom, and on-site parking. The property was built in 1952 and can accommodate retail or office use.
The condo is located at 18159 Dixie Highway in Homewood, Illinois, within walking distance of the Metra station and Martin Square. Its position along the highway provides direct street presence, while the existing office-oriented layout supports a range of customer-facing or professional business configurations.
The condo is located at 18159 Dixie Highway in Homewood, Illinois, within walking distance of the Metra station and Martin Square. Its position along the highway provides direct street presence, while the existing office-oriented layout supports a range of customer-facing or professional business configurations.
Key Highlights
- ±1,250 SF retail or office condo
- Picture‑window frontage along Dixie Highway
- Lobby and reception area with private offices
Financial Insights For 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 | $27.0k | $21.60 |
| − Vacancy | −$2.2k | −$1.77 |
| EGI | $24.8k | $19.83 |
| − OpEx | −$7.4k | −$5.95 |
| NOI | $17.4k | $13.88 |
1,250 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$247.9K
$216.9K – $289.2K
NOI $17,350 @ 7.0% cap · market cap 8.76%
Second Best
Office B
$246.2K
$215.4K – $287.3K
NOI $17,235 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$431.6K
$377.6K – $503.5K
NOI $30,210 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 60430, IL
20,146
Population
7,662
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
6.9 sq mi
ZIP Area
2,920
Density / Sq Mi
$91,402
Median Household Income
$48,509
Median Earnings
$1,419
Median Rent
$209,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Condo layout includes reception, offices, and a conference room.
Where is this retail space located?
The property is located at 18159 Dixie Highway Homewood, IL.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: ±1,250 SF retail or office condo; Picture‑window frontage along Dixie Highway; Lobby and reception area with private offices
