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Strip Mall with Laundromat
New
For Sale
$999,000

5547-5561 127th Street, Crestwood, IL 60418

Retail center includes commercial laundry equipment and parking for customer and tenant use.

Property Size8,000 SF
Price / SF$124.88
Days on Market3

Property Features for 5547-5561 127th Street

General Information

Standard status Active
Size 8,000 SF
Total Parking Spaces 36
Property subtype Commercial
Zoning RTAIL

Taxes and HOA fees

Annual Taxes $63,691

Building Details

Building Size 8,000 SF
Year Built 1975
Stories 1
Units 8
Listing Agency: RE/MAX 1st Service
Listed By: Bill Weber · License #475129170
Source: Midwestrealestate
Added: Aug 18 Changed: Aug 19 Last Checked: Aug 19 at 2:52PM

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 RE/MAX 1st Service

Investment Insights

Based on property information with market context.

This 8,000-square-foot retail strip center was built in 1975 and configured with eight storefronts. The property also contains a former laundromat area with commercial-grade laundry equipment, adding a specialized retail component to the existing layout. A total of 36 parking spaces serves the center.

Located at 5547-5561 127th Street in Crestwood, Illinois, the property carries RTAIL zoning. Its multi-storefront configuration provides a defined retail format with separate frontage areas for individual occupants or business functions.

Key Highlights

  • 8,000‑square‑foot strip center built in 1975
  • Originally configured with 8 storefronts
  • Former laundromat area with commercial‑grade laundry equipment

Property Analytics

Current Use

Strip malls

Suggested Use

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

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Retail center includes commercial laundry equipment and parking for customer and tenant use.
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 $999,000.
What are key features of this property?
This property features: 8,000‑square‑foot strip center built in 1975; Originally configured with 8 storefronts; Former laundromat area with commercial‑grade laundry equipment
More about this property
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