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Storefront Space with Open Layout
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5240 W 159th Street Unit 1B, Oak Forest, IL 60452

Flexible commercial space with central air, gas heat, separate electric metering, and access to outdoor parking.

Space Size1,800 SF
Days on Market5

Property Features for 5240 W 159th Street Unit 1B

General Information

Standard status Active
Size 1,800 SF
Net Rentable 1,800 SF
Property subtype Retail
Zoning Central Business District

Space & Availability

Available Space 1,800 SF
Contiguous Space 1,800 SF

Additional Details

Highway Access Yes
Sprinkler System Yes

Amenities

central air
gas heat
separate electric meters
monitored alarm system

Building Details

Building Size 1,800 SF
Tenancy Single

Spaces For Lease

at 5240 W 159th Street Unit 1B Contact us

1B

Size
1,800 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Better Homes and Gardens Real Estate Connections
Listed By: Mona Gottwald · License #IL 471.019911
Source: Crexi
Added: Aug 8 Changed: Aug 12 Last Checked: Aug 12 at 4:09AM

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 Better Homes and Gardens Real Estate Connections

Investment Insights

Based on property information with market context.

This 1,800 SF storefront provides an open interior configuration within the Central Business District. The space was previously used as a restaurant and is positioned for retail, boutique service, professional office, or medical applications. Existing features include central air, gas heat, separate electric meters, a monitored alarm system, sprinklers, and additional fire-safety equipment.

The property fronts W. 159th Street in Oak Forest, with access from 159th Street and Cicero Avenue. Oak Forest Metra Station and Pace bus service are nearby, along with connections to I-57, I-80, and I-294. Outdoor parking is available for occupants and visitors.

Key Highlights

  • 1,800 SF storefront space in Oak Forest’s Central Business District
  • Open layout with prior restaurant use and flexibility for retail, office, medical, or boutique service
  • Central air, gas heat, separate electric meters, and monitored alarm system

Property Analytics

Current Use

Swagat Foods Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Storage Facility Daycare Center Furniture & Home Goods Computer & Electronic Repair

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

Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

661
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60452, IL

27,363
Population
10,557
Households
2.6
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$89,167
Median Household Income
$47,519
Median Earnings
$1,287
Median Rent
$249,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Flexible commercial space with central air, gas heat, separate electric metering, and access to outdoor parking.
Where is this storefront property located?
The property is located at 5240 W 159th Street Unit 1B Oak Forest, IL.
What are key features of this property?
This property features: 1,800 SF storefront space in Oak Forest’s Central Business District; Open layout with prior restaurant use and flexibility for retail, office, medical, or boutique service; Central air, gas heat, separate electric meters, and monitored alarm system
More about this property
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