Streetfront Retail
New
For Sale
$249,000
5003 W 95th Street, Oak Lawn, IL 60453
Flexible commercial space with private offices, open work area, customer waiting area, and multiple entrances.
Property Size1,200 SF
Price / SF$207.50
Days on Market6
Property Features for 5003 W 95th Street
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
COMMR
Occupancy
100%
Additional Details
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$7,227
Building Details
Building Size
1,200 SF
Year Built
1968
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Realty
(312) 981-5500
Listed By:
Charles Groebe · License #475091121
(312) 981-5500
Source:
Gia-sells
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 19 at 3:14PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront property, built in 1968, combines retail and office functionality in a practical street-level layout. The interior includes two private offices, a waiting area, and an open workspace, with two entrances supporting separate access points. Zoning is listed as COMMR, and the current tenant is expected to vacate upon sale or lease.
Located at 5003 W 95th Street in Oak Lawn, the property fronts 95th Street near the Patriot Station train stop. Parking includes street spaces at the front, four spaces behind the building, and access to a nearby village lot with capacity for 20 cars.
Located at 5003 W 95th Street in Oak Lawn, the property fronts 95th Street near the Patriot Station train stop. Parking includes street spaces at the front, four spaces behind the building, and access to a nearby village lot with capacity for 20 cars.
Key Highlights
- 1,200 SF storefront office/retail property
- Two private offices, waiting area, and open workspace
- Two entrances provide separate access points
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
$16,656
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
6.69%
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%
$333,120
$333.1K
Cap Rate 7%
$237,943
$237.9K
Cap Rate 9%
$185,067
$185.1K
Market Conditions
NOI Build-Up for 1,200 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
$25.9K $21.60/SF
− Vacancy
−$2.1K −$1.77/SF
EGI
$23.8K $19.83/SF
− OpEx
−$7.1K −$5.95/SF
NOI
$16.7K $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 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%
$333,120
Cap Rate 7%
$237,943
Cap Rate 9%
$185,067
Alternative Uses
Best Use
Retail
$237.9K
$208.2K – $277.6K
NOI $16,656 @ 7.0% cap · market cap 6.69%
Second Best
Office B
$236.4K
$206.8K – $275.8K
NOI $16,546 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$414.3K
$362.5K – $483.4K
NOI $29,001 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60453, IL
58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Maison des Fleurs Chicago — 9361 S Cicero Ave #1310, Oak Lawn, IL 60453
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- The Country Daisy Flower Shop — 5570 95th St #2353, Oak Lawn, IL 60453
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial space with private offices, open work area, customer waiting area, and multiple entrances.
Where is this storefront property located?
The property is located at 5003 W 95th Street Oak Lawn, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,200 SF storefront office/retail property; Two private offices, waiting area, and open workspace; Two entrances provide separate access points
