Retail Warehouse Building with
For Sale
$216,900
2709 Ridgeland Avenue, Berwyn, IL 60402
COMMERCIAL - Berwyn, IL
Property Size2,750 SF
Lot Size0.08 Acres
Price / SF$78.87
Days on Market176
Property Features for 2709 Ridgeland Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
26th Street to Ridgeland then South to property
Subdivision
Berwyn
Standard status
Active
APN
16293080050000
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
15747
Utilities
Cooling system
Central Air
Building Details
Year built
1952
Floors in Building
1
Number of units
1
Building materials
Brick, Concrete, Stone
Listing Agency:
eXp Realty
(888) 574-9405
Listed By:
Taurino Morales · License #475113111
(888) 574-9405
Added: Feb 4
Changed: Jul 27
Last Checked: Jul 30 at 6:06PM
MLS# 12560983
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.
Investment Insights
Based on property information with market context.
This retail/warehouse building features retail space in the front and warehouse space in the back, along with one drive-in door. A two-car attached garage provides additional off-street parking, complemented by ample street parking and some parking in the rear.
Located on Ridgeland Avenue in Berwyn’s commercial area, the property offers 25 feet of frontage and convenient access for customers and staff. The surrounding area includes established nearby businesses such as Quality Repair Shop, Pink Owl Cafe, Dorothy's, and V Bar.
The building is described as being about a 5-minute drive from MacNeal Hospital and approximately a 7-minute walk north of the La Vergne Metra station, supporting accessible commuting options. Easy to show with an appointment.
Located on Ridgeland Avenue in Berwyn’s commercial area, the property offers 25 feet of frontage and convenient access for customers and staff. The surrounding area includes established nearby businesses such as Quality Repair Shop, Pink Owl Cafe, Dorothy's, and V Bar.
The building is described as being about a 5-minute drive from MacNeal Hospital and approximately a 7-minute walk north of the La Vergne Metra station, supporting accessible commuting options. Easy to show with an appointment.
Key Highlights
- 2,750 sq. ft. retail/warehouse building with retail space, warehouse, drive‑in door, and 2‑car attached garage.
- Excellent location with 25' frontage on Ridgeland Avenue in a bustling commercial area.**
- Proximity to MacNeal Hospital (5‑minute drive) with 1,000 employees.
Financial Insights For Warehouse
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 | $17.8k | $6.48 |
| − Vacancy | −$909 | −$0.33 |
| EGI | $16.9k | $6.15 |
| − OpEx | −$2.5k | −$0.92 |
| NOI | $14.4k | $5.23 |
2,750 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Retail
$545.3K
$477.1K – $636.2K
NOI $38,170 @ 7.0% cap · market cap 17.60%
Second Best
Flex RnD
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 13.35%
Theoretical Best
Office A
$949.4K
$830.8K – $1.11M
NOI $66,461 @ 7.0% cap · market cap 30.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60402, IL
64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Cuban Cocina de Vivi — Oak Park Ave, Berwyn, IL 60804
Frequently Asked Questions
What type of property is this?
Flex space - Retail front and warehouse rear layout includes one drive-in door and a two-car attached garage.
Where is this flex space located?
The property is located at 2709 Ridgeland Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $216,900.
What are key features of this property?
This property features: 2,750 sq. ft. retail/warehouse building with retail space, warehouse, drive‑in door, and 2‑car attached garage.; Excellent location with 25' frontage on Ridgeland Avenue in a bustling commercial area.**; Proximity to MacNeal Hospital (5‑minute drive) with 1,000 employees.
