18159 Dixie Highway, Homewood, IL 60430

Building Details

Building Size 1,250 SF More

Year Built 1952 More

Tenancy Single More

Listed By: Karen Kulczycki, CCIM, SIOR · License #IL #471020279 Show Phone

Source: Svn

Added: Aug 1 Changed: Oct 26 Last Checked: Nov 6 at 5:41AM

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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

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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.

Key Highlights

• ±1,250 SF retail or office condo
• Picture‑window frontage along Dixie Highway
• Lobby and reception area with private offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,350

Cap Rate

8.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,000 $347.0K

Cap Rate 7%

$247,857 $247.9K

Cap Rate 9%

$192,778 $192.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,250 SF

Gross rent

$27.0K $21.60/SF

− Vacancy

−$2.2K −$1.77/SF

EGI

$24.8K $19.83/SF

− OpEx

−$7.4K −$5.95/SF

NOI

$17.4K $13.88/SF

Area

Cook County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,000

Cap Rate 7%

$247,857

Cap Rate 9%

$192,778

Alternative Uses

Best Use

Retail

$247.9K

$216.9K – $289.2K (±1% cap)

NOI $17,350 @ 7.0% cap · market cap 8.76%

Second Best

Office B

$246.2K

$215.4K – $287.3K (±1% cap)

NOI $17,235 @ 7.0% cap · market cap 8.70%

Theoretical Best

Office A

$431.6K

$377.6K – $503.5K (±1% cap)

NOI $30,210 @ 7.0% cap · market cap 15.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

C C Services ... Loan Service Bob Smith - COUNTRY ... Insurance Agency Lantry & Lantry Law Firm

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Storage Facility Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,112

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

Properties on Market for Retail space in Cook County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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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