Retail Property with Long-Term
For Sale
$1,350,000
5955 W Irving Park Road, Chicago, IL 60634
Retail property for sale with established tenants and owner lease.
Property Size7,000 SF
Price / SF$192.86
Days on Market655
Property Features for 5955 W Irving Park Road
General Information
Standard status
Active
Size
7,000 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
North Side
Taxes and HOA fees
Annual Taxes
$28,690
Building Details
Building Size
7,000 SF
Listing Agency:
Cosmos Realty Investors, Inc.
Listed By:
Bill Eliopoulos · License #471019303
(312) 502-0218
Source:
Cnetproperties
Added: Jan 6, 2025
Changed: Oct 17
Last Checked: Oct 21 at 3:32AM
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 Cosmos Realty Investors, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property features a favorable location and established long-term tenants. The owner is willing to sign a lease for the restaurant space. The seller is open to collaborating with potential buyers. This property represents an investment opportunity with minimal management requirements beyond rent collection. Please respect the privacy of current tenants and avoid disturbing them.
Key Highlights
- Great location
- Fantastic long‑term tenants already in place
- Owner will sign a lease for the restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,161
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,220
$1.9M
Cap Rate 7%
$1,388,014
$1.4M
Cap Rate 9%
$1,079,567
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$151.2K $21.60/SF
− Vacancy
−$12.4K −$1.77/SF
EGI
$138.8K $19.83/SF
− OpEx
−$41.6K −$5.95/SF
NOI
$97.2K $13.88/SF
Area
ZIP 60634
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%
$1,943,220
Cap Rate 7%
$1,388,014
Cap Rate 9%
$1,079,567
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,161 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,612 @ 7.0% cap · market cap 9.90%
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
Location Intelligence
Trade Area within ½ mile
1,642
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
McDonald's
Dining
28,442 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,040 visits/mo
0.3 miles
7-Eleven
Shops & Services
12,425 visits/mo
0.5 miles
Shell
Shops & Services
11,751 visits/mo
0.5 miles
BMO Harris Bank
Shops & Services
6,903 visits/mo
0.0 miles
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
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 Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail property - Retail property for sale with established tenants and owner lease.
Where is this retail property located?
The property is located at 5955 W Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Great location; Fantastic long‑term tenants already in place; Owner will sign a lease for the restaurant
