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Brick Strip Mall with Laundromat

5547-5561 127th Street, Crestwood, IL 60418

For Sale
$899,000

Commercial Sale, Crestwood, IL

Property Size8,000 SF
Lot Size0.64 Acres
Price / SF$112.38
Days on Market88

Property Features for 5547-5561 127th Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning RTAIL
Directions 127th & Central ave. Crestwood
Subdivision Crestwood
Standard status Active
APN 24331000220000
Lot size 0.64 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 63691

Utilities

Cooling system Central Air

Building Details

Year built 1975
Floors in Building 1
Number of units 8
Building materials Brick
Listing Agency: RE/MAX 1st Service · RE/MAX International
Listed By: Bill Weber · License IL #475129170
Added: Aug 15 Changed: Oct 2 Last Checked: Nov 10 at 5:06PM
MLS# 12734072

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Located at 5547-5561 127th Street in Crestwood, this 8,000-square-foot brick strip mall was built in 1975 and includes central air conditioning. The original layout accommodated 8 storefronts, creating a multi-suite configuration within the center.

The property occupies 0.6357 acres and provides 36 parking spaces. A laundromat component with commercial-grade laundry equipment is included, adding a specialized improvement to the retail property. The site is identified with RTAIL zoning.

Key Highlights

  • 8,000‑square‑foot strip mall on 0.6357 acres
  • Original layout included 8 storefronts
  • Laundromat component with commercial‑grade laundry equipment

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Strip malls

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Catering Service Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

432
Businesses Nearby
25k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 58% Dining 42%
Speedway Shops & Services
13,426 visits/mo 0.1 miles
Country House Dining
7,171 visits/mo 0.1 miles
Beggars Pizza Dining
3,033 visits/mo 0.1 miles
Public Storage Shops & Services
916 visits/mo 0.5 miles

Demographics for 60418, IL

10,813
Population
5,331
Households
2
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
3,604
Density / Sq Mi
$69,237
Median Household Income
$52,518
Median Earnings
$1,300
Median Rent
$187,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Strip malls in Cook County, IL

$193 Jul
$177 Aug
$175 Sep
$181 Oct

Properties on Market for Strip malls in Cook County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Strip mall - Retail property with multiple storefronts, dedicated parking, and central air conditioning.
Where is this strip mall located?
The property is located at 5547-5561 127th Street Crestwood, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8,000‑square‑foot strip mall on 0.6357 acres; Original layout included 8 storefronts; Laundromat component with commercial‑grade laundry equipment
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