Three-Storefront Retail
For Sale
$550,000
6830-6832 Cermak Road, Berwyn, IL 60402
C-2-zoned commercial property with rear parking and three separately configured storefront spaces.
Property Size3,696 SF
Days on Market63
Property Features for 6830-6832 Cermak Road
General Information
Standard status
Active
Size
3,696 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
C-2
Property Condition
Severity
Repairs Needed
Evidence
renovate
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$45,377
Building Details
Building Size
3,696 SF
Year Built
1952
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Realty of America, LLC
(708) 768-7412
Listed By:
Nayeli Perez
(708) 768-7412
Source:
Exit2newbeginningz
Added: Jul 1
Changed: Aug 31
Last Checked: Aug 2 at 11:13AM
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 Realty of America, LLC
Investment Insights
Based on property information with market context.
Built in 1952, this commercial property contains three storefront spaces along Cermak Road in Berwyn. The interior is currently configured for a medical office, hair salon, and phone repair store, providing distinct layouts for continued occupancy or reconfiguration. The building has no basement and includes an 8-car parking area at the rear.
C-2 zoning allows a range of permitted commercial uses. One space is occupied under a month-to-month gross lease, while the other two spaces are vacant. The property also includes two tax PINs, offering a multi-space storefront layout for an owner-user, leasing strategy, or renovation plan.
C-2 zoning allows a range of permitted commercial uses. One space is occupied under a month-to-month gross lease, while the other two spaces are vacant. The property also includes two tax PINs, offering a multi-space storefront layout for an owner-user, leasing strategy, or renovation plan.
Key Highlights
- Three storefront spaces along Cermak Road in Berwyn, Illinois
- C‑2 zoning with a range of permitted commercial uses
- 8‑car rear parking lot
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
$48,965
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
8.90%
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%
$979,300
$979.3K
Cap Rate 7%
$699,500
$699.5K
Cap Rate 9%
$544,056
$544.1K
Market Conditions
NOI Build-Up for 3,696 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
$88.7K $24.00/SF
− Vacancy
−$7.1K −$1.92/SF
EGI
$81.6K $22.08/SF
− OpEx
−$32.6K −$8.83/SF
NOI
$49.0K $13.25/SF
Area
Cook County, IL
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$979,300
Cap Rate 7%
$699,500
Cap Rate 9%
$544,056
Alternative Uses
Best Use
Retail
$732.9K
$641.3K – $855.0K
NOI $51,301 @ 7.0% cap · market cap 9.33%
Second Best
Office B
$728.0K
$637.0K – $849.4K
NOI $50,962 @ 7.0% cap · market cap 9.27%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,324 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60402, IL
64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- V & A Flowers and Gifts — 6531 Cermak Rd, Berwyn, IL 60402
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned commercial property with rear parking and three separately configured storefront spaces.
Where is this storefront property located?
The property is located at 6830-6832 Cermak Road Berwyn, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three storefront spaces along Cermak Road in Berwyn, Illinois; C‑2 zoning with a range of permitted commercial uses; 8‑car rear parking lot
