Strip Mall with Medical
4756 Cal Sag Rd, Crestwood, IL 60445
For Sale
$6,256,000
Fully occupied center at a signalized intersection with national retail and medical tenancy.
Property Size15,812 SF
Price / SF$395.65
Days on Market94
Property Features for 4756 Cal Sag Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
100 Percent Occupied Med-Tail Center Anchored by AT&T and FedEx
Long-Operating History | AT&T and FedEx have been Operating at this Location Since 2008
Union Wellness Clinic Recently Expanded into the Adjoining 3,787 Square Foot Space | Backed by 11 Established Union Entities, each with $50M–$175M in Net Worth and 50 Plus Years of Operating History
1.2 Miles from the On/Off Ramp of Interstate 294, which Sees 153,900 Vehicles per Day
Located within a Major Retail Hub with Top Ranked Retailers Attracting Millions of Annual Visitors
Average Household Income of $100,547 within a Five-Mile Radius
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap | Chicago Oak Brook
Listed By:
Austin Weisenbeck · License #License(s): IL: 475.140200
(630) 570-2169
Source:
Marcusmillichap
Added: Aug 8
Changed: Nov 5
Last Checked: Nov 8 at 2:08AM
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 Marcus & Millichap | Chicago Oak Brook
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2008, this 15,812 SF strip mall is fully occupied by AT&T, FedEx, and Union Wellness Centers. AT&T and FedEx have each operated at the property for 18+ years, while FedEx has approximately 9 years remaining on its term. Union Wellness Centers recently added 3,787 SF, bringing its presence across both suites to nearly five years of remaining term. The tenant is also remodeling its existing space and completing the buildout of the expansion area.
The property occupies the signalized intersection of Cicero Avenue and Cal Sag Road, a location recording 48,100 VPD. Interstate 294 is 1.2 miles away and carries 153,900 VPD. Rivercrest Shopping Center is adjacent, and the surrounding retail cluster includes national retailers. Within three miles, the trade area includes more than 84,000 residents and 86,000 employees; average household income exceeds $100,000 within five miles.
The property occupies the signalized intersection of Cicero Avenue and Cal Sag Road, a location recording 48,100 VPD. Interstate 294 is 1.2 miles away and carries 153,900 VPD. Rivercrest Shopping Center is adjacent, and the surrounding retail cluster includes national retailers. Within three miles, the trade area includes more than 84,000 residents and 86,000 employees; average household income exceeds $100,000 within five miles.
Key Highlights
- 15,812 SF strip mall built in 2008
- Fully occupied by AT&T, FedEx, and Union Wellness Centers
- AT&T and FedEx have each occupied the property for 18+ years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,473
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,389,460
$4.4M
Cap Rate 7%
$3,135,329
$3.1M
Cap Rate 9%
$2,438,589
$2.4M
Market Conditions
NOI Build-Up for 15,812 SF
Gross rent
$341.5K $21.60/SF
− Vacancy
−$28.0K −$1.77/SF
EGI
$313.5K $19.83/SF
− OpEx
−$94.1K −$5.95/SF
NOI
$219.5K $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%
$4,389,460
Cap Rate 7%
$3,135,329
Cap Rate 9%
$2,438,589
Alternative Uses
Best Use
Retail
$3.14M
$2.74M – $3.66M
NOI $219,473 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.46M
$4.78M – $6.37M
NOI $382,141 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
262k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 39%
Apparel 15%
Electronics 5%
Portillo's
Dining
47,559 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
41,119 visits/mo
0.2 miles
Dollar Tree
Shops & Services
39,911 visits/mo
0.2 miles
Burlington
Apparel
33,104 visits/mo
0.2 miles
PetSmart
Shops & Services
26,533 visits/mo
0.2 miles
Demographics for 60445, IL
14,692
Population
6,228
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
4.3 sq mi
ZIP Area
3,417
Density / Sq Mi
$68,385
Median Household Income
$46,480
Median Earnings
$1,202
Median Rent
$201,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Strip malls in Cook County, IL
Properties on Market for Strip malls in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied center at a signalized intersection with national retail and medical tenancy.
Where is this strip mall located?
The property is located at 4756 Cal Sag Rd Crestwood, IL.
What is the asking price?
The asking price for this property is $6,256,000.
What are key features of this property?
This property features: 15,812 SF strip mall built in 2008; Fully occupied by AT&T, FedEx, and Union Wellness Centers; AT&T and FedEx have each occupied the property for 18+ years
