Corner Property on Cermak
8905 Cermak Road North Riverside, IL 60546
8905 Cermak Road, North Riverside, IL, 60546
$769,000
For Sale
$769,000
Clean corner property with lounge space and two-bedroom apartment.
Property Size2,800 SF
Price / SF$274.64
Days on Market378
Property Features for 8905 Cermak Road
General Information
- Standard status
- Active
- Size
- 2,800 SF
Building Details
- Year Built
- 1980
Listing agency
Skydan Real Estate Sales, LLC
(708) 299-9992
Listed by
Frank Christiano · License #475146313
(708) 299-9992
Source
Compass
Added: Jul 10, 2025 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 9:49AM
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 Skydan Real Estate Sales, LLC
Investment Insights
Based on property information with market context.
This corner property is located on Cermak Road. The property features a lounge-style space suitable for various businesses. Electrical wiring is installed throughout the space. A fully equipped kitchen includes a walk-in cooler. The property has a new roof, new plumbing, and recent tuckpointing. A two-bedroom apartment, currently rented for $1,300 per month, is included. There is potential to create two apartments. A private parking lot is available. The property size is 2,800 square feet.
Key Highlights
- High‑traffic corner location on Cermak Rd. ideal for business
- Includes a 2‑bedroom apartment currently rented for $1,300/month (potential for two apartments)
- Features a fully equipped kitchen and walk‑in cooler
Local 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 | $67.2k | $24.00 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $62.5k | $22.32 |
| − OpEx | −$15.6k | −$5.58 |
| NOI | $46.9k | $16.74 |
2,800 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$669.6K
$585.9K – $781.2K
NOI $46,872 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.7K
$845.9K – $1.13M
NOI $67,670 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tootie's Place
Bar & Pub
Five Star Cable ...
Electrical Service
Espero & Associates
Financial Advisor
FAQs
What type of property is this?
Conventional restaurant - Clean corner property with lounge space and two-bedroom apartment.
Where is this conventional restaurant located?
The property is located at 8905 Cermak Road North Riverside, IL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: High‑traffic corner location on Cermak Rd. ideal for business; Includes a 2‑bedroom apartment currently rented for $1,300/month (potential for two apartments); Features a **fully equipped kitchen** and **walk‑in cooler**
