Building Details

Year Built 1978

Listing Agency: @properties Christies International Real Estate Show Phone

Listed By: Christopher Demos · License #475135317 Show Phone

Source: Helenoliveri

Added: Oct 15 Changed: Oct 28 Last Checked: Oct 28 at 4:05PM

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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 @properties Christies International Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3,100-square-foot end-cap retail suite is part of an established strip center built in 1978. Its position at the end of the center provides a distinct retail configuration along Ogden Avenue.

The property sits on a commercial corridor with traffic counts exceeding 22,000 vehicles per day. Businesses, restaurants, and retailers are established in the surrounding area, and the site provides access to Chicago and nearby suburbs.

Key Highlights

• 3,100 SF end‑cap suite in an established strip center
• Ogden Avenue location in Berwyn, Illinois
• Traffic counts exceed 22,000 vehicles per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,028

Suggested Prices Based on Cap Rates

Cap Rate 5%

$860,560 $860.6K

Cap Rate 7%

$614,686 $614.7K

Cap Rate 9%

$478,089 $478.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$67.0K $21.60/SF

− Vacancy

−$5.5K −$1.77/SF

EGI

$61.5K $19.83/SF

− OpEx

−$18.4K −$5.95/SF

NOI

$43.0K $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%

$860,560

Cap Rate 7%

$614,686

Cap Rate 9%

$478,089

Alternative Uses

Best Use

Retail

$614.7K

$537.9K – $717.1K (±1% cap)

NOI $43,028 @ 7.0% cap · market cap 358,566.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.07M

$936.5K – $1.25M (±1% cap)

NOI $74,920 @ 7.0% cap · market cap 624,333.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Parking Lot & Garage Garden Center Computer & Electronic Repair Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,866

Businesses Nearby

155k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 58% Shops & Services 40% Electronics 2%

McDonald's Dining

39,211 visits/mo 0.2 miles

Chase Bank Shops & Services

20,392 visits/mo 0.1 miles

Starbucks Dining

19,344 visits/mo 0.3 miles

White Castle Dining

13,107 visits/mo 0.4 miles

Shell Shops & Services

11,591 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - A strip-center suite fronts Ogden Avenue in a commercial corridor with access to Chicago and nearby suburbs.

Where is this retail space located?

The property is located at 6969 Ogden Avenue Berwyn, IL.

What are key features of this property?

This property features: 3,100 SF end‑cap suite in an established strip center; Ogden Avenue location in Berwyn, Illinois; Traffic counts exceed 22,000 vehicles per day