Mixed-Use Property with Retail
6000 W 159th Street Oak Forest, IL 60452
For Sale
Contact for pricing
Mixed-use asset with four retail storefronts, a 2-bedroom coach home, four garages, and additional yard space.
Property Size7,063 SF
Price / SF$258.39
Days on Market87
Property Features for 6000 W 159th Street
General Information
- Standard status
- Active
- Size
- 7,063 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1975
Listing Agency:
Ellsbury Group
(219) 805-5200
Listed By:
Tariq Suboh · License #RB20000815
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 8:29AM
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 Ellsbury Group
Investment Insights
Based on property information with market context.
Ellsbury Group presents a mixed-use investment property in Oak Forest, featuring four large retail storefronts and a spacious 2-bedroom coach home. The property also includes four garages and additional yard space, creating multiple income-producing components within a single, well-maintained asset.
Set in the heart of Oak Forest, the retail portion benefits from a high-visibility corridor with strong traffic counts and convenient access to major roadways. The surrounding area includes nearby shopping, dining, and established residential neighborhoods, supporting day-to-day demand for both the commercial and residential components.
Overall, the configuration provides diversified income streams across the storefronts and the coach home, with on-site parking through the included garages and room for outdoor use through the added yard space.
Set in the heart of Oak Forest, the retail portion benefits from a high-visibility corridor with strong traffic counts and convenient access to major roadways. The surrounding area includes nearby shopping, dining, and established residential neighborhoods, supporting day-to-day demand for both the commercial and residential components.
Overall, the configuration provides diversified income streams across the storefronts and the coach home, with on-site parking through the included garages and room for outdoor use through the added yard space.
Key Highlights
- Mixed‑use property with four large retail storefronts
- Includes a spacious 2‑bedroom coach home
- Four garages plus additional yard space
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 | $152.6k | $21.60 |
| − Vacancy | −$12.5k | −$1.77 |
| EGI | $140.1k | $19.83 |
| − OpEx | −$42.0k | −$5.95 |
| NOI | $98.0k | $13.88 |
7,063 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.63M
NOI $98,036 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,937 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,697 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cotey Co.
Business Management Consultant
Studio Flow
Tattoo & Piercing Shop
Royalty body lab ...
Spa & Massage Center
Always Hair Inc
Hair Salon
7 Day Gallery ...
Tattoo & Piercing Shop
Similar Off Market Nearby
- Vacha's Forest Flowers — 6260 W 159th St, Oak Forest, IL 60452
FAQs
What type of property is this?
Storefront property - Mixed-use asset with four retail storefronts, a 2-bedroom coach home, four garages, and additional yard space.
Where is this storefront property located?
The property is located at 6000 W 159th Street Oak Forest, IL.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Mixed‑use property with four large retail storefronts; Includes a spacious 2‑bedroom coach home; Four garages plus additional yard space
