Two-Tenant Storefront
For Sale
$799,000
26-28 S Fairview Avenue, Park Ridge, IL 60068
Two established tenants are in place at this commercial property.
Days on Market37
Property Features for 26-28 S Fairview Avenue
General Information
Standard status
Active
Property subtype
Business Opportunity
Building Details
Building Size
4,540 SF
Tenancy
Multi
Listing Agency:
Compass
(312) 319-1168
Listed By:
Dino Hasapis
(312) 319-1168
Source:
Birdrealtysells
Added: Jun 26
Changed: Jul 31
Last Checked: Jul 31 at 12:42PM
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 Compass
Investment Insights
Based on property information with market context.
This storefront property includes two established tenants already in place, providing an occupied commercial configuration for an owner or investor. The property is located at 26-28 S Fairview Avenue in Park Ridge, Illinois.
Key Highlights
- Two established tenants already in place
- Located at 26‑28 S Fairview Avenue in Park Ridge, IL 60068
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 | $98.1k | $21.60 |
| − Vacancy | −$8.0k | −$1.77 |
| EGI | $90.0k | $19.83 |
| − OpEx | −$27.0k | −$5.95 |
| NOI | $63.0k | $13.88 |
4,540 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$900.2K
$787.7K – $1.05M
NOI $63,016 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,722 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,789
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Shell
Shops & Services
12,382 visits/mo
0.4 miles
Boston Market
Dining
2,139 visits/mo
0.5 miles
Demographics for 60068, IL
39,672
Population
15,999
Households
2.5
Avg Household Size
44
Median Age
65%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,435
Density / Sq Mi
$138,201
Median Household Income
$78,495
Median Earnings
$1,511
Median Rent
$539,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Nancy Sell's Flowers — 426 W Touhy Ave, Park Ridge, IL 60068
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- KING'S FLOWERS — 162 N Northwest Hwy, Park Ridge, IL 60068
- Kiko's Flower & Gifts — 650 Busse Hwy, Park Ridge, IL 60068
- Accents By Jenny — In the former Wiggle Butt Pets storefront, 630 Busse Hwy, Park Ridge, IL 60068
Frequently Asked Questions
What type of property is this?
Storefront property - Two established tenants are in place at this commercial property.
Where is this storefront property located?
The property is located at 26-28 S Fairview Avenue Park Ridge, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two established tenants already in place; Located at 26‑28 S Fairview Avenue in Park Ridge, IL 60068
