Neighborhood Shopping
For Sale
$2,820,000
5633-5647 W Roosevelt Road, Cicero, IL 60804
Fully occupied retail center with recent roof, parking lot, and HVAC improvements.
Property Size10,451 SF
Price / SF$269.83
Days on Market174
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
Taxes and HOA fees
Annual Taxes
$71,913
Building Details
Building Size
10,451 SF
Year Built
1995
Tenancy
Multi
Listing Agency:
Platinum Partners Realtors
Listed By:
Sang Han · License #475179051
(630) 435-3500
Source:
Dawnmckennagroup
Added: May 12
Changed: Oct 31
Last Checked: Nov 1 at 12:58PM
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
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Investment Insights
Based on property information with market context.
This 10,451-square-foot neighborhood shopping center was built in 1995 and is fully occupied. Recent property upgrades include a new roof, a new parking lot, and replacement of approximately half of the HVAC units. The center carries an approximately 6-year WALT as of June 1, 2026, and the offering reflects an 8.5% cap rate.
The property is located at 5633-5647 W Roosevelt Road in Cicero, Illinois, three blocks south of I-290 in the Island neighborhood. More than 19,500 vehicles pass the corridor daily, while the surrounding 3-mile area includes more than 350,000 residents. Its retail setting and recent capital work support continued operation as an established neighborhood shopping destination.
The property is located at 5633-5647 W Roosevelt Road in Cicero, Illinois, three blocks south of I-290 in the Island neighborhood. More than 19,500 vehicles pass the corridor daily, while the surrounding 3-mile area includes more than 350,000 residents. Its retail setting and recent capital work support continued operation as an established neighborhood shopping destination.
Key Highlights
- 10,451‑square‑foot shopping center built in 1995
- Fully occupied retail property
- Approximately 6‑year WALT as of June 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,062
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,901,240
$2.9M
Cap Rate 7%
$2,072,314
$2.1M
Cap Rate 9%
$1,611,800
$1.6M
Market Conditions
NOI Build-Up for 10,451 SF
Gross rent
$225.7K $21.60/SF
− Vacancy
−$18.5K −$1.77/SF
EGI
$207.2K $19.83/SF
− OpEx
−$62.2K −$5.95/SF
NOI
$145.1K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,901,240
Cap Rate 7%
$2,072,314
Cap Rate 9%
$1,611,800
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — PLS Financial Services, Inc, 5947 W Roosevelt Rd, Cicero, IL 60804
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with recent roof, parking lot, and HVAC improvements.
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: 10,451‑square‑foot shopping center built in 1995; Fully occupied retail property; Approximately 6‑year WALT as of June 1, 2026
