Mixed-Use Property with Retail
For Sale
Contact for pricing
6000 W 159th Street, Oak Forest, IL 60452
Mixed-use asset with four retail storefronts, a 2-bedroom coach home, four garages, and additional yard space.
Property Size7,063 SF
Price / SF$237.15
Days on Market182
Property Features for 6000 W 159th Street
General Information
Standard status
Active
Size
7,063 SF
Total Parking Spaces
4
Property subtype
Mixed Use, Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$118,050
Additional Details
Outdoor Storage
Yes
Multifamily Units
1
Building Details
Year Built
1975
Buildings
1
Stories
1
Units
32
Tenancy
Multi
Listing Agency:
Ellsbury Group
Listed By:
Tariq Suboh · License #475192080
(219) 200-5133
Source:
Crexi
Added: Apr 28
Changed: Oct 25
Last Checked: Oct 24 at 4:41PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$98,036
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,960,720
$2.0M
Cap Rate 7%
$1,400,514
$1.4M
Cap Rate 9%
$1,089,289
$1.1M
Market Conditions
NOI Build-Up for 7,063 SF
Gross rent
$152.6K $21.60/SF
− Vacancy
−$12.5K −$1.77/SF
EGI
$140.1K $19.83/SF
− OpEx
−$42.0K −$5.95/SF
NOI
$98.0K $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%
$1,960,720
Cap Rate 7%
$1,400,514
Cap Rate 9%
$1,089,289
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.63M
NOI $98,036 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,937 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,697 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 96%
Dining 3%
Shops & Services 1%
Jewel-Osco
Groceries
49,949 visits/mo
0.5 miles
SUBWAY
Dining
1,821 visits/mo
0.1 miles
Gerber Collision & Glass
Shops & Services
377 visits/mo
0.2 miles
Demographics for 60452, IL
27,363
Population
10,557
Households
2.6
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$89,167
Median Household Income
$47,519
Median Earnings
$1,287
Median Rent
$249,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Vacha's Forest Flowers — 6260 W 159th St, Oak Forest, IL 60452
Frequently Asked Questions
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 $1,675,000.
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
