Building Details

Building Size 3,086 SF

Year Built 1959

Buildings 1

Stories 1

Units 2

Listing Agency: REMAX Legends f***@soldbylegends.com

Listed By: Fady Ishak Show Phone

Source: Fishmangroup

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 3:39PM

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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 REMAX Legends

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Investment Insights

Based on property information with market context.

This freestanding commercial building contains 3,086 square feet, with an open interior, new flooring, and refreshed finishes. The property was built in 1959 and includes on-site parking. TC-1 Town Center zoning supports commercial and mixed-use business types.

Positioned on a corner along Sauk Trail, the site is on a corridor carrying more than 27,000 vehicles daily and is minutes from I-57.

Key Highlights

• 3,086 SF freestanding commercial building
• TC‑1 Town Center zoning supports commercial and mixed‑use business types
• Corner location on Sauk Trail, a corridor with over 27,000 vehicles daily

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,834

Cap Rate

8.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$856,680 $856.7K

Cap Rate 7%

$611,914 $611.9K

Cap Rate 9%

$475,933 $475.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,086 SF

Gross rent

$66.7K $21.60/SF

− Vacancy

−$5.5K −$1.77/SF

EGI

$61.2K $19.83/SF

− OpEx

−$18.4K −$5.95/SF

NOI

$42.8K $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%

$856,680

Cap Rate 7%

$611,914

Cap Rate 9%

$475,933

Alternative Uses

Best Use

Mixed Use

$743.9K

$651.0K – $867.9K (±1% cap)

NOI $52,076 @ 7.0% cap · market cap 10.42%

Second Best

Retail

$611.9K

$535.4K – $713.9K (±1% cap)

NOI $42,834 @ 7.0% cap · market cap 8.57%

Theoretical Best

Office A

$1.07M

$932.3K – $1.24M (±1% cap)

NOI $74,582 @ 7.0% cap · market cap 14.92%

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

Property Analytics

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Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Big Box & Wholesale Store Building Supply Dental Office

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

27,000 VPD

Traffic count

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

523

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60471, IL

13,155

Population

5,505

Households

2.4

Avg Household Size

40

Median Age

30%

College-Educated

95%

High-School Grad

4.0 sq mi

ZIP Area

3,289

Density / Sq Mi

$72,241

Median Household Income

$47,029

Median Earnings

$1,319

Median Rent

$200,800

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

Similar For Sale Nearby

See more

Commercial Storefront on Sauk Trail

3911 Sauk Trail, Richton Park, IL 60471

Contact for pricing

8,467 SF

View details

Freestanding Restaurant with Drive-Through

22048 Governors Hwy, Richton Park, IL 60471

$475,000

3,300 SF

View details

Frequently Asked Questions

What type of property is this?

Storefront property - An open, refreshed interior and on-site parking serve a range of commercial configurations.

Where is this storefront property located?

The property is located at 3913 Sauk Trail Richton Park, IL.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 3,086 SF freestanding commercial building; TC‑1 Town Center zoning supports commercial and mixed‑use business types; Corner location on Sauk Trail, a corridor with over 27,000 vehicles daily