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 Market129
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
(773) 717-2227
Source:
Dawnmckennagroup
Added: May 12
Changed: Sep 17
Last Checked: Sep 16 at 8:53PM
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 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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$145,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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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
