Iconic Oak Lawn Retail
5540 W 95th St, Oak Lawn, IL 60453
For Sale
Contact for pricing
Landmark building with retail center in high-traffic area.
Property Size6,279 SF
Price / SF$207.04
Days on Market260
Property Features for 5540 W 95th St
General Information
Standard status
Size
Property subtype
Investment Type
Building Details
Year Built
Buildings
Stories
Listing Agency:
Brookline Real Estate
Listed By:
Dominick Cannata
(630) 886-4408
Source:
Crexi
Added: Feb 25
Changed: Nov 4
Last Checked: Nov 10 at 6:45AM
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 Brookline Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a landmark property in Oak Lawn, IL. Included is the Premo's building, with business value included, and an adjacent three-tenant retail center. The property is located along a high-traffic commercial corridor, benefiting from strong daily vehicle counts and visibility. The location is surrounded by residential neighborhoods, national retailers, and local businesses, contributing to consistent consumer traffic. The Premo's building offers owner-user, investment, or redevelopment potential, while the neighboring multi-tenant strip center provides additional income. The property, totaling 6279 square feet, is an As-Is Estate Sale.
Key Highlights
- Prime location on a high‑traffic commercial corridor with strong visibility.
- Includes the iconic Premo's building with business value.
- Adjacent three‑tenant retail center provides additional income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,317
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,340
$1.8M
Cap Rate 7%
$1,261,671
$1.3M
Cap Rate 9%
$981,300
$981.3K
Market Conditions
NOI Build-Up for 6,279 SF
Gross rent
$137.9K $21.96/SF
− Vacancy
−$11.7K −$1.87/SF
EGI
$126.2K $20.09/SF
− OpEx
−$37.8K −$6.03/SF
NOI
$88.3K $14.07/SF
Area
Cook County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,340
Cap Rate 7%
$1,261,671
Cap Rate 9%
$981,300
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,317 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,780 @ 7.0% cap · market cap 12.98%
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
939
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 38%
Electronics 6%
Apparel 4%
BP
Shops & Services
10,538 visits/mo
0.4 miles
Chase Bank
Shops & Services
8,420 visits/mo
0.2 miles
STACKED
Dining
7,582 visits/mo
0.4 miles
TGI Fridays
Dining
6,028 visits/mo
0.2 miles
BMO Harris Bank
Shops & Services
4,840 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Cook County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Landmark building with retail center in high-traffic area.
Where is this retail space located?
The property is located at 5540 W 95th St Oak Lawn, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location on a high‑traffic commercial corridor with strong visibility.; Includes the iconic Premo's building with business value.; Adjacent three‑tenant retail center provides additional income.
