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    Iconic Oak Lawn Retail Opportunity Title is generated by Realmo AI

    5540 W 95th St, Oak Lawn, IL 60453

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    Landmark building with retail center in high-traffic area.

    Type:Retail
    Property size:
    6,279 SF
    Price / SF:
    $207/SF
    Added:
    Feb 25, 2026
    Days on Market:
    121
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 5540 W 95th St

    General Information

    Standard status
    Active
    Size
    6,279 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1979

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    Contact an agent
    Dominick Cannata
    Dominick Cannata

    Listing office Brookline Real Estate

    Listing date Feb 25, 2026

    Source Crexi

    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

    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.
    • Surrounded by dense residential neighborhoods, national retailers, and established local businesses.
    • Premo's building offers owner‑user, investment, or redevelopment potential.
    • Long‑standing presence within the community.

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $135.6k $21.60
    − Vacancy −$11.1k −$1.77
    EGI $124.5k $19.83
    − OpEx −$37.4k −$5.95
    NOI $87.2k $13.88
    6,279 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.25M
    $1.09M – $1.45M (±1% cap)
    NOI $87,154 @ 7.0% cap · market cap 6.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.17M
    $1.90M – $2.53M (±1% cap)
    NOI $151,750 @ 7.0% cap · market cap 11.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Premo's Drive In Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7598482
    Latitude
    41.720008

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    FAQs

    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.
    (630) 590-5910 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dominick Cannata
    Dominick Cannata
    Real Estate License ID: IL 00000
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