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    Oak Lawn, IL
    Strip Mall

    Oak Lawn, IL Strip Malls for Sale

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    6 properties
    Iconic Oak Lawn Retail Opportunity
    Updated: Feb 25
    Iconic Oak Lawn Retail Opportunity

    5540 W 95th St, Oak Lawn, IL 60453

    Contact for pricing
    6,279 sqft
    Prime location on a high‑traffic commercial corridor with strong visibility.
    Includes the iconic Premo's building with business value.
    Adjacent three‑tenant retail center provides additional income.
    Surrounded by dense residential neighborhoods, national retailers, and established local businesses.
    Premo's building offers owner‑user, investment, or redevelopment potential.
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    Corner Redevelopment City Block
    Updated: Jun 19
    Corner Redevelopment City Block

    5620 West 95th Street, Oak Lawn, IL 60453

    Contact for pricing
    22,000 sqft
    Entire city block at the northwest corner of 95th Street and Central Avenue in Oak Lawn, Illinois
    High traffic counts: 45,500 ADT on 95th Street (US 12)
    High traffic counts: 24,900 ADT on Central Avenue
    Multiple investment options noted, including value add, redevelopment, ground lease, or build to suit
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    Renovated Six-Unit Strip Mall
    Renovated Six-Unit Strip Mall

    6417 South Ridgeland Avenue, Oak Lawn, IL 60453

    $3,300,000

    Six fully leased units provide established occupancy across the retail center.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Multi-Tenant Retail Shopping Center
    Multi-Tenant Retail Shopping Center

    10345 S Central Ave, Oak Lawn, IL 60453

    Contact for pricing
    26,331 sqft 2.67 AC lot

    Established retail center with renewed tenant commitments, annual escalations, substantial parking, and additional development potential.

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    Retail Strip Center with Garages
    Retail Strip Center with Garages

    9732-9738 Southwest Highway, Oak Lawn, IL 60453

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    Four-unit strip center with attached garages and gross leases; tenants pay utilities.

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    Class C Retail Strip Center
    Class C Retail Strip Center

    8511 88th Ave, Justice, IL 60458

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    Retail strip center with 30 on-site parking spaces and 84% occupancy among Class C tenants.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 6 Active listings in Oak Lawn, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Strip Center with Laundromat
    Strip Center with Laundromat

    5547-5561 127th Street, Crestwood, IL 60418

    $999,000
    8,000 sqft

    Multi-storefront retail property with commercial laundry equipment and on-site parking.

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    Seven-Tenant Masonry Strip Center
    Seven-Tenant Masonry Strip Center

    5152-5160 W 127th St, Alsip, IL 60803

    $715,000
    19,822 sqft 1.03 AC lot

    One-story retail and warehouse property with drive-in access, individual restrooms, and paved on-site parking.

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    Brick Strip Mall with Laundromat
    Brick Strip Mall with Laundromat

    5547-5561 127th Street, Crestwood, IL 60418

    $999,000
    0.64 AC lot

    Retail property with multiple storefronts, dedicated parking, and central air conditioning.

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    Brickyard Commons Strip Mall
    Brickyard Commons Strip Mall

    11640 S Pulaski Rd, Alsip, IL 60803

    Contact for pricing

    Retail property located in Alsip within the Chicago MSA.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land
    Corner Commercial Land

    8450 Willow Springs Road, Willow Springs, IL 60480

    $800,000
    1.90 AC lot

    Nearly two acres at a corner near I-294, I-55, and Route 83.

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    Corner Commercial Land
    Corner Commercial Land

    237 W 79th Street, Chicago, IL 60620

    $130,000
    0.16 AC lot

    Four adjoining parcels carry a COMMR zoning designation in Chicago.

    View details
    Commercial Development Land
    Commercial Development Land

    19611 Crawford Avenue, Flossmoor, IL 60422

    $399,800
    2.53 AC lot

    Commercially zoned acreage near established businesses, schools, residential neighborhoods, and commuter routes.

    View details

    Oak Lawn, IL Strip Malls Market Trends and Statistics

    Explore 6 strip malls for sale in Oak Lawn, IL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 54,610 square feet of properties for sale, with an estimated market value of $3,300,000.

    Sale prices for retail strips in Oak Lawn, IL average $3,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 15
    Storefront properties 12
    Automotive properties 9
    Auto shops 4
    Truck stops 3

    Demographics Overview

    Population 136K
    Population Growth (5Y) -0.3%
    Median Household Income $77,870
    College Educated 23.9%

    High-Yield Neighborhoods for Investment

    Identify Oak Lawn submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60453 $3.3M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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    Most Searched ZIP Codes in Oak Lawn, IL

    • 60453
    • 60458

    Featured Oak Lawn Real Estate Agencies

    Realmo connects you with licensed Oak Lawn CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Pro-Team
    5618 W. 95th Street Oak Lawn, IL 60453
    Phone: 17083986400
    www.c21proteam.com

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