Restaurant Building with High
For Sale
Contact for pricing
4029 W 167th St, Country Club Hills, IL
Full-service restaurant with excellent visibility and convenient highway access.
Property Size5,075 SF
Lot Size1.13 Acres
Price / SF$354.68
Days on Market346
Property Features for 4029 W 167th St
General Information
Standard status
Active
Size
5,075 SF
Lot size
1.13 Acres
Property subtype
RETAIL
Listing Agency:
Mid-America Real Estate Group | Chicago
(630) 954-7325
Listed By:
Steve Frishman
Source:
Moodyscre
Added: Sep 1, 2025
Changed: Jul 6
Last Checked: Aug 12 at 7:11AM
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 Mid-America Real Estate Group | Chicago
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
Property Profile
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
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 W 167th St 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.
