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    7833 Ogden Ave Lyons, IL 60534

    Sponsored
    For Sale
    $345,000

    Lyons, IL storefront & warehouse

    Property size:
    7,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,616 sq ft multi-tenant property at 7833 W. Ogden Ave, Lyons, IL 60534, is offered at $345,000 ($45.30/sq ft). The property features a storefront ideal for retail or office use, currently on a month-to-month lease, and a warehouse at the rear with a lease expiring December 2024. Six dedicated parking spaces are conveniently located at the rear. The property is zoned 2-12 and sits on a 7,616 sq ft lot. While the property requires a new roof, this has been factored into the asking price. This presents a unique opportunity for investors seeking a versatile commercial space in a prime location with existing rental income. The flexible lease terms allow for immediate income generation and future re-leasing opportunities. This Cook County property offers a blend of retail and industrial uses, making it a strong investment prospect.

    Property Features for 7833 Ogden Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,616 SF

    Building Details

    Units
    2

    HighLights

    • 7,616 sq ft multi‑tenant property in Lyons, IL, offered at $345,000 ($45.30/sq ft).
    • Features a retail/office storefront (month‑to‑month lease) and a warehouse (lease expiring December 2024).
    • Includes six rear parking spaces.
    • Situated on a 7,616 sq ft lot, zoned 2‑12.
    • Needs a new roof; price reflects this.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Lyons
    County
    Cook
    State
    Illinois
    Longitude
    -87.816939
    Latitude
    41.819697

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    FAQs

    What type of property is this?
    Individual retail property - Lyons, IL storefront & warehouse
    Where is this individual retail property located?
    The property is located at 7833 Ogden Ave Lyons, IL.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: 7,616 sq ft multi-tenant property in Lyons, IL, offered at $345,000 ($45.30/sq ft).; Features a retail/office storefront (month-to-month lease) and a warehouse (lease expiring December 2024).; Includes six rear parking spaces.
    Request Owner's contact information
    7833 Ogden Ave Lyons, IL 60534
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    Lyons, IL 60534
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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
    7833 Ogden Ave Lyons, IL 60534
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