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    8707-8855 Ridgeland Ave Oak Lawn, IL 60453

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    For Lease
    Contact for pricing

    Grocery-anchored retail center; 5 spaces available.

    Lot size:
    137,843 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    State Road Plaza, a thriving grocery-anchored shopping center, presents a compelling investment opportunity in Oak Lawn, Illinois. Strategically located in a densely populated Chicago submarket, just 12 miles southwest of the city's central business district, this property boasts exceptional visibility and accessibility. The center comprises a total of 137,843 square feet, with currently 12,454 square feet of vacant space available for lease. Five individual spaces are immediately available, ranging in size from 1,514 to 13,551 square feet, offering flexibility for a variety of retail tenants. The center enjoys a strong tenant mix, anchored by key national brands including Jewel-Osco, Blink Fitness, Pet Supplies Plus, and Dollar Tree, ensuring consistent foot traffic and a vibrant shopping environment. Located in Cook County, the property benefits from a robust local demographic, with over 146,000 people residing within a 3-mile radius, exhibiting an average household income of $81,163. This prime location and established tenant base make State Road Plaza an attractive proposition for businesses seeking high-traffic exposure and a strong return on investment. The multiple tenancy structure provides diverse income streams and opportunities for long-term growth. The available spaces offer a unique chance to establish a presence in a well-established and successful retail center.

    Property Features for 8707-8855 Ridgeland Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    137,843 SF

    Unit(s) available at that property

    Space
    8749
    Size
    13,551 SF
    Space
    A-04
    Size
    1,580 SF
    Space
    8757
    Size
    1,514 SF
    Space
    8747
    Size
    2,230 SF
    Space
    8707
    Size
    2,450 SF

    HighLights

    • Grocery‑anchored retail center in Oak Lawn, IL, a densely populated Chicago submarket.
    • Five available retail spaces ranging from 1,514 to 13,551 square feet.
    • 137,843 total square feet; 12,454 square feet currently vacant.
    • Located in Cook County, IL.
    • Strong tenant mix including Jewel‑Osco, Blink Fitness, Pet Supplies Plus, and Dollar Tree.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.779843
    Latitude
    41.7337761

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    FAQs

    What type of property is this?
    Office Property / Space - Grocery-anchored retail center; 5 spaces available.
    Where is this office property / space located?
    The property is located at 8707-8855 Ridgeland Ave Oak Lawn, IL.
    What are key features of this property?
    This property features: Grocery-anchored retail center in Oak Lawn, IL, a densely populated Chicago submarket.; Five available retail spaces ranging from 1,514 to 13,551 square feet.; 137,843 total square feet; 12,454 square feet currently vacant.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8707-8855 Ridgeland Ave Oak Lawn, IL 60453
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