Renovated Flex Space with Overhead
New
For Sale
$999,900
8400 S 77th Avenue, Bridgeview, IL 60455
Updated interior finishes, office and meeting areas, gated storage, and a natural gas generator support a range of business functions.
Property Size5,250 SF
Price / SF$190.46
Days on Market5
Property Features for 8400 S 77th Avenue
General Information
Standard status
Active
Size
5,250 SF
Property subtype
COMMERCIAL
Zoning
Bedford Park Enterprise District
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$29,892
Amenities
Fully equipped employee kitchen
Conference room
Multiple private office rooms
Three bathrooms
Natural gas generator
Gated private storage area
Building Details
Building Size
5,250 SF
Year Built
1978
Buildings
1
Construction
brick
Listing Agency:
Realtopia Real Estate Inc
Listed By:
Stephanie Clauson · License #475160409
(708) 326-2955
Source:
Dawnmckennagroup
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 1:52PM
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 Realtopia Real Estate Inc
Investment Insights
Based on property information with market context.
This 5,250-square-foot flex property at 8400 S 77th Avenue is an all-brick building constructed in 1978. Interior improvements include new flooring and lighting, fresh paint, a fully equipped employee kitchen, a conference room, several private offices, and three bathrooms. A 12' x 14' overhead door serves the building, and the outdoor garage loft has two newer heating systems. The property also includes a natural gas generator, exterior parking, and a secured, gated storage area.
The building is in the Bedford Park Enterprise District in Bridgeview, Illinois. Businesses may apply to the district for potential tax incentives; eligibility is not guaranteed.
The building is in the Bedford Park Enterprise District in Bridgeview, Illinois. Businesses may apply to the district for potential tax incentives; eligibility is not guaranteed.
Key Highlights
- 5,250‑square‑foot all‑brick flex building, built in 1978
- 12' x 14' overhead door
- Three bathrooms, several private offices, conference room, and employee kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,283
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,660
$1.1M
Cap Rate 7%
$789,757
$789.8K
Cap Rate 9%
$614,256
$614.3K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$94.5K $18.00/SF
− Vacancy
−$9.5K −$1.80/SF
EGI
$85.1K $16.20/SF
− OpEx
−$29.8K −$5.67/SF
NOI
$55.3K $10.53/SF
Area
Cook County, IL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,660
Cap Rate 7%
$789,757
Cap Rate 9%
$614,256
Alternative Uses
Best Use
Flex RnD
$789.8K
$691.0K – $921.4K
NOI $55,283 @ 7.0% cap · market cap 5.53%
Second Best
Warehouse
$392.0K
$343.0K – $457.4K
NOI $27,442 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,881 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Updated interior finishes, office and meeting areas, gated storage, and a natural gas generator support a range of business functions.
Where is this flex space located?
The property is located at 8400 S 77th Avenue Bridgeview, IL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 5,250‑square‑foot all‑brick flex building, built in 1978; 12' x 14' overhead door; Three bathrooms, several private offices, conference room, and employee kitchen
