Freestanding Corner Retail
8743 Ogden Ave Lyons, IL 60534
For Sale
$799,000
Freestanding building on a high-traffic corner with B-1 zoning and parking access from three sides.
Property Size3,200 SF
Lot Size0.29 Acres
Price / SF$249.69
Days on Market405
Property Features for 8743 Ogden Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.29 Acres
Listing Agency:
@properties Christie's International Real Estate
(630) 386-0782
Listed By:
Louis Parrino
(630) 386-0782
Source:
Exprealty
Added: Jun 17, 2025
Changed: Jul 22
Last Checked: Jul 25 at 4:46PM
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 Christie's International Real Estate
Investment Insights
Based on property information with market context.
This commercial property sits on a high-visibility corner along Ogden Ave and includes an approximately 3,200 sq. ft. freestanding building on a 12,825 sq. ft. lot. The site is zoned B-1 (Retail Business District) and features a parking lot accessible from three sides, providing flexible access for customer parking and operations. A plat of survey is available.
The property’s corner positioning is designed to support strong exposure for a range of commercial uses, with the current configuration described as suitable for retail storefront, restaurant, or gas station concepts. The frontage and multi-side parking access may support straightforward day-to-day operations and site usability for prospective tenants or buyers evaluating retail development or adaptive use.
The property’s corner positioning is designed to support strong exposure for a range of commercial uses, with the current configuration described as suitable for retail storefront, restaurant, or gas station concepts. The frontage and multi-side parking access may support straightforward day-to-day operations and site usability for prospective tenants or buyers evaluating retail development or adaptive use.
Key Highlights
- Approximately 3,200 SF freestanding building on a high‑traffic corner along Ogden Ave
- B‑1 (Retail Business District) zoning
- Parking lot provides access from three sides for flexible site use
Financial Insights For Specialty 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 | $76.8k | $24.00 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $71.4k | $22.32 |
| − OpEx | −$17.9k | −$5.58 |
| NOI | $53.6k | $16.74 |
3,200 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 6.70%
Second Best
Retail
$634.5K
$555.2K – $740.3K
NOI $44,417 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.10M
$966.7K – $1.29M
NOI $77,337 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
J K Medical ...
Accounting Firm
FAQs
What type of property is this?
Storefront property - Freestanding building on a high-traffic corner with B-1 zoning and parking access from three sides.
Where is this storefront property located?
The property is located at 8743 Ogden Ave Lyons, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 3,200 SF freestanding building on a high‑traffic corner along Ogden Ave; B‑1 (Retail Business District) zoning; Parking lot provides access from three sides for flexible site use
