Fully Occupied Neighborhood Shopping
For Sale
$2,820,000
5633-5647 W Roosevelt Road, Cicero, IL 60804
Fully occupied shopping center with a weighted average tenant lease term of about 6 years as of June 1, 2026.
Property Size10,451 SF
Price / SF$269.83
Days on Market82
Property Features for 5633-5647 W Roosevelt Road
General Information
Standard status
Active
Size
10,451 SF
Property subtype
COMMERCIAL
Occupancy
100%
Additional Details
Cap Rate
8.5%
Traffic Count
19,500 vehicles/day
Building Details
Building Size
10,451 SF
Year Built
1995
Tenancy
Multi
Listing Agency:
Platinum Partners Realtors
(773) 717-2227
Listed By:
Sang Han · License #475179051
Source:
Dawnmckennagroup
Added: May 12
Changed: Jul 31
Last Checked: Jul 31 at 3:07AM
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 Platinum Partners Realtors
Investment Insights
Based on property information with market context.
This fully occupied neighborhood shopping center is configured as a retail shopping destination and offers a weighted average tenant lease term of approximately 6 years as of June 1, 2026. With a year built of 1995 and a total property size of 10,451 SF, the center is positioned for an immediate, stabilized operating profile.
The property is located at 5633-5647 W Roosevelt Road, Cicero, IL 60804, just three blocks south of I-290. It benefits from visibility and accessibility along a densely populated retail corridor, with over 19,500 vehicles per day and a consumer base of more than 350,000 residents within a 3-mile radius.
Recent capital improvements include a new roof, a new parking lot, and approximately half of the HVAC units replaced, supporting a lower-maintenance ownership experience. The provided CAP is 8.5.
The property is located at 5633-5647 W Roosevelt Road, Cicero, IL 60804, just three blocks south of I-290. It benefits from visibility and accessibility along a densely populated retail corridor, with over 19,500 vehicles per day and a consumer base of more than 350,000 residents within a 3-mile radius.
Recent capital improvements include a new roof, a new parking lot, and approximately half of the HVAC units replaced, supporting a lower-maintenance ownership experience. The provided CAP is 8.5.
Key Highlights
- Fully occupied shopping center with CAP 8.5
- 10,451 SF retail shopping center, built in 1995
- Weighted average tenant lease term approximately 6 years as of June 1, 2026
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 | $225.7k | $21.60 |
| − Vacancy | −$18.5k | −$1.77 |
| EGI | $207.2k | $19.83 |
| − OpEx | −$62.2k | −$5.95 |
| NOI | $145.1k | $13.88 |
10,451 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,062 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,578 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19,500 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
127k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 33%
Groceries 17%
Electronics 2%
McDonald's
Dining
31,395 visits/mo
0.1 miles
Aldi
Groceries
21,046 visits/mo
0.2 miles
BP
Shops & Services
14,148 visits/mo
0.4 miles
BP
Shops & Services
13,831 visits/mo
0.2 miles
Shell
Shops & Services
11,819 visits/mo
0.1 miles
Demographics for 60804, IL
85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied shopping center with a weighted average tenant lease term of about 6 years as of June 1, 2026.
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 $2,820,000.
What are key features of this property?
This property features: Fully occupied shopping center with CAP 8.5; 10,451 SF retail shopping center, built in 1995; Weighted average tenant lease term approximately 6 years as of June 1, 2026
