8704-8720 Ridgeland Ave Oak Lawn, IL
15,810 SF retail building in a major shopping district.
- Added:
- Jul 24, 2025
- Days on Market:
- 354
- Last Refresh:
- May 20 at 9:25 pm
Property Features for 8704-8720 Ridgeland Ave
General Information
- Standard status
- Active
- Size
- 15,810 SF
- Lot size
- 1.10 Acres
- Property subtype
- RETAIL
Listing office Network Commercial Real Estate (708) 927-8000
Listing date Jul 24, 2025
Source Moodyscre
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 Network Commercial Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- 100% occupancy
- Located in Major Shopping & Business District
- Renovated in 2025
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.5k | $21.60 |
| − Vacancy | −$28.0k | −$1.77 |
| EGI | $313.5k | $19.83 |
| − OpEx | −$94.0k | −$5.95 |
| NOI | $219.4k | $13.88 |
Alternative Uses
Property Analytics
Current Use by Public Records
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