Building Details

Year Built 2009

Buildings 1

Stories 1

Tenancy Single

Listing Agency: SRS Real Estate Partners - Global Company

Listed By: John Redfield · License #CA 01928036

Source: Crexi

Added: Mar 16 Changed: Oct 1 Last Checked: Oct 5 at 5:47PM

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Investment Insights

Based on property information with market context.

This retail space, located in Olympia Fields, Illinois, offers 13,225 square feet of space. The property is being offered for sale and has a capitalization rate of 7.30%.

Key Highlights

• 7.30% CAP Rate
• 13,225 SqFt Retail Space
• Built in 2009

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$183,565

Cap Rate

3.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,671,300 $3.7M

Cap Rate 7%

$2,622,357 $2.6M

Cap Rate 9%

$2,039,611 $2.0M

Market Conditions

NOI Build-Up for 13,225 SF

Gross rent

$285.7K $21.60/SF

− Vacancy

−$23.4K −$1.77/SF

EGI

$262.2K $19.83/SF

− OpEx

−$78.7K −$5.95/SF

NOI

$183.6K $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%

$3,671,300

Cap Rate 7%

$2,622,357

Cap Rate 9%

$2,039,611

Alternative Uses

Best Use

Retail

$2.62M

$2.29M – $3.06M (±1% cap)

NOI $183,565 @ 7.0% cap · market cap 3.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.57M

$4.00M – $5.33M (±1% cap)

NOI $319,619 @ 7.0% cap · market cap 5.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

CVS Pharmacy Pharmacy CVS Pharmacy CDReload - Online Bitcoin ... Crypto Atm UPS Access Point ... Courier Service Coinhub Bitcoin ATM ... Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Auto Parts Store Electrical Service Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

600

Businesses Nearby

86k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 43% Dining 40% Groceries 10% Apparel 6%

McDonald's Dining

27,826 visits/mo 0.2 miles

Sparkle Express Car Wash Shops & Services

13,855 visits/mo 0.2 miles

Gordon Food Service Groceries

8,798 visits/mo 0.3 miles

Red Lobster Dining

6,701 visits/mo 0.1 miles

BP Shops & Services

6,416 visits/mo 0.1 miles

Demographics for 60461, IL

4,785

Population

2,034

Households

2.4

Avg Household Size

54

Median Age

49%

College-Educated

97%

High-School Grad

3.4 sq mi

ZIP Area

1,407

Density / Sq Mi

$108,203

Median Household Income

$59,914

Median Earnings

$3,501

Median Rent

$289,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Retail space available in Olympia Fields, Illinois.

Where is this retail space located?

The property is located at 3400 Lincoln Hwy Olympia Fields, IL.

What is the asking price?

The asking price for this property is $5,921,000.

What are key features of this property?

This property features: 7.30% CAP Rate; 13,225 SqFt Retail Space; Built in 2009