Restaurant Building with High
For Sale
$1,800,000
4029 167th Street, Country Club Hills, IL 60478
Full-service restaurant with excellent visibility and convenient highway access.
Property Size5,075 SF
Days on Market300
Property Features for 4029 167th Street
General Information
Standard status
Active
Size
5,075 SF
Property subtype
Retail
Building Details
Building Size
5,075 SF
Year Built
2004
Listed By:
Andy Bulson
(630) 954-7376
Source:
Midamericagrp
Added: Nov 25, 2025
Changed: Sep 18
Last Checked: Sep 21 at 3:58AM
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 Andy Bulson
Investment Insights
Based on property information with market context.
A full-service restaurant building is available for sale, offering excellent visibility on 167th Street, which sees a traffic volume of 16,000 vehicles per day. The property benefits from its strategic location near the I-57 access ramp, providing convenient connectivity to surrounding markets via I-80 and I-294. Access to the site is facilitated by signalized access from Kilbourne Street and full access from Crawford Avenue. The property includes monument signage on 167th Street and provides 84 parking stalls. The building has a size of 5,075 square feet.
Key Highlights
- Excellent visibility on 167th Street (16,000 VPD).
- Strategic location off I‑57 access ramp with connectivity to I‑80 & I‑294.
- Full‑service restaurant building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,956
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,699,120
$1.7M
Cap Rate 7%
$1,213,657
$1.2M
Cap Rate 9%
$943,956
$944.0K
Market Conditions
NOI Build-Up for 5,075 SF
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.
Gross rent
$121.8K $24.00/SF
− Vacancy
−$8.5K −$1.68/SF
EGI
$113.3K $22.32/SF
− OpEx
−$28.3K −$5.58/SF
NOI
$85.0K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,699,120
Cap Rate 7%
$1,213,657
Cap Rate 9%
$943,956
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,956 @ 7.0% cap · market cap 4.72%
Second Best
Retail
$1.01M
$880.5K – $1.17M
NOI $70,442 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,652 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
163k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 33%
Groceries 12%
Electronics 2%
McDonald's
Dining
26,806 visits/mo
0.1 miles
Wendy's
Dining
20,330 visits/mo
0.2 miles
Aldi
Groceries
19,173 visits/mo
0.2 miles
Shell
Shops & Services
18,223 visits/mo
0.2 miles
Guitar Center
Shops & Services
11,424 visits/mo
0.1 miles
Demographics for 60478, IL
16,893
Population
5,761
Households
2.9
Avg Household Size
39
Median Age
27%
College-Educated
94%
High-School Grad
9.8 sq mi
ZIP Area
1,724
Density / Sq Mi
$76,936
Median Household Income
$42,121
Median Earnings
$1,677
Median Rent
$180,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Full-service restaurant with excellent visibility and convenient highway access.
Where is this restaurant located?
The property is located at 4029 167th Street Country Club Hills, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Excellent visibility on 167th Street (16,000 VPD).; Strategic location off I‑57 access ramp with connectivity to I‑80 & I‑294.; Full‑service restaurant building.
