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    Stabilized Shopping Center in Cicero Title is generated by Realmo AI

    5633-5647 W Roosevelt Road, Cicero, IL 60804

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    Picture of Shopping centers at 5633-5647 W Roosevelt Road, Cicero, IL
    For Sale
    $2,995,000

    COMMERCIAL - Cicero, IL

    Type:Retail
    Lot size:
    0.60 Acres
    Added:
    May 12, 2026
    Days on Market:
    4
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 5633-5647 W Roosevelt Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active
    APN
    16202060070000
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    71913

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    8

    We can help!

    Listing Contact
    Sang Han
    Sang Han

    Listing agent Sang Han License #475179051

    Listing office Platinum Partners Realtors 5200 Main Street, Downers Grove, IL

    Listing date May 12, 2026

    MLS# 12646271

    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.

    HighLights

    • Fully stabilized shopping center in a densely populated retail corridor.
    • Strong WALT of approximately 6 years, providing immediate and predictable cash flow.
    • Strategically located with excellent visibility and accessibility, three blocks south of I‑290.
    • Recent capital improvements: new roof, new parking lot, and approximately half of HVAC units replaced.
    • High traffic count: over 19,500 vehicles per day.
    • Large consumer base: more than 350,000 residents within a 3‑mile radius.

    Overview

    This fully stabilized neighborhood shopping center is located in a densely populated retail corridor in Cicero, Illinois. Situated in the heart of Cicero's Island neighborhood, just three blocks south of I-290, the property benefits from excellent visibility and accessibility, serving as a primary shopping destination. The property is fully occupied and offers immediate and predictable cash flow with a weighted average lease term (WALT) of approximately 6 years as of June 1, 2026. Recent capital improvements include a new roof, a new parking lot, and replacement of approximately half of the HVAC units. The location benefits from traffic of over 19,500 vehicles per day and a consumer base of more than 350,000 residents within a 3-mile radius. The property is located at 5633-5647 W Roosevelt Road, Cicero, IL 60804, in Cook County. The lot size is 0.6008 acres and the zoning is COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 5947 W Roosevelt Rd, Cicero, IL 60804

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.7657843
    Latitude
    41.8652041

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied shopping center with strong income and excellent visibility.
    Where is this shopping center located?
    The property is located at 5633-5647 W Roosevelt Road Cicero, IL.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Fully stabilized shopping center in a densely populated retail corridor.; Strong WALT of approximately 6 years, providing immediate and predictable cash flow.; Strategically located with excellent visibility and accessibility, three blocks south of I‑290.
    (630) 435-3500
    We can help!
    Listing Contact
    Sang Han
    Sang Han
    Real Estate License ID: 475179051
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    5633-5647 W Roosevelt Road, Cicero, IL 60804
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