Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9200 Western Ave Evergreen Park, IL 60805

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Evergreen Park, IL Retail Opportunity

    Lot size:
    792 SF

    Property Features for 9200 Western Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    792 SF

    Spaces For Lease

    at 9200 Western Ave, Evergreen Park, IL 60805 Contact us

    We can help!

    Listing Contact
    Kevin Marschall
    Kevin Marschall

    Listing Agency: InStore Commercial Real Estate Listing Agent: Kevin Marschall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail space, located within a high-traffic Meijer store in Evergreen Park, Illinois (zip code 60805, Cook County), offers 792 square feet of prime, front-of-store visibility. The "Store-Within-A-Store" concept provides unparalleled access to thousands of weekly customers. This all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. The space benefits from strategic placement for maximum customer interaction and includes both interior and exterior signage opportunities. Situated in a thriving trade area with desirable demographics, this location is ideal for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property is part of a multiple-tenancy retail building at 9200 S Western Ave. This unique opportunity allows businesses to leverage Meijer's established customer base for significant growth potential. The space is readily available and presents a strong investment prospect in a well-known Midwest retail destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Electrify America Charging ... Electric Vehicle Charging Station Meijer Pharmacy Pharmacy Minute Key Locksmith Stylez & Trendz Barber Shop Meijer Specialty Food Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.684725726152
    Latitude
    41.724681947087

    Nearby Similar for Lease

    • $33 SF/Yr

      Class-A Medical Office Building

      Newly renovated medical office building in Evergreen Park for lease.
      9730 Western Ave, Evergreen Park, IL 60805
      View Details
    • $19 SF/Yr
      120,000 SF

      Evergreen Park Office Building

      120,000 SF Class A Office Space
      9730 Western Ave, Evergreen Park, IL 60805
      View Details
    • $19 SF/Yr

      Professional Office Suites For Lease

      First-floor office suites ideal for medical or general office use.
      3900 W 95Th St, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      3,000 SF

      Evergreen Park Retail Space

      3,000 SF Retail Space Available
      IL Evergreen Park Plz, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      1,200 SF

      Turnkey Salon Opportunity in Evergreen

      Salon space for rent in high-visibility Evergreen Park retail center.
      9204 S Western Ave, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space in Evergreen Park

      Dominant power center in a densely populated area.
      9550-9700 S Western Ave, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      2,590 SF

      Retail Space in Evergreen Park

      Retail space available in a dominant power center.
      9542 S Western Ave, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      5,500 SF

      Retail Space in Evergreen Park

      Dominant power center in a densely populated area.
      9500-9590 S Western Ave, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Evergreen Park

      Retail space available in a dominant power center.
      9642-9656 S Western Ave, Evergreen Park, IL 60805
      View Details
    • $23 SF/Yr

      Renovated Office with Studio Apartment

      Renovated office building with parking and rear studio apartment.
      3923 W 95Th St, Evergreen Park, IL 60805
      View Details
    • $22 SF/Yr

      Retail Space Near St. Xavier

      Retail space in Pete's Fresh Market anchored center.
      3638 W 95Th St, Evergreen Park, IL 60805
      View Details
    • $22 SF/Yr

      Retail Space Near St. Xavier

      Retail space in Pete's Fresh Market anchored center.
      3640 W 95Th St, Evergreen Park, IL 60805
      View Details

    FAQs

    What type of property is this?
    Retail property - Evergreen Park, IL Retail Opportunity
    Where is this retail property located?
    The property is located at 9200 Western Ave Evergreen Park, IL.
    Request Owner's contact information
    9200 Western Ave Evergreen Park, IL 60805
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9200 Western Ave
    Evergreen Park, IL 60805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    9200 Western Ave Evergreen Park, IL 60805
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Marschall
    Kevin Marschall
    Real Estate License ID: 471022479
    Learn more
    Google sign-in failed. Please try again or use another login method.