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    17503 Kedzie Ave Hazel Crest, IL 60429

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    For Lease
    Contact for pricing

    Grocery-anchored strip center with 13 spaces.

    Lot size:
    83,800 SF

    Property Features for 17503 Kedzie Ave

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,800 SF
    Total Rate
    62850

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 17503 Kedzie Ave, Hazel Crest, IL 60429 Contact us
    Unit Suite #13

    $15 /Mo

    Size
    Contact us
    Unit Suite #24

    $15 /Mo

    Size
    1,725 SF
    Contact us
    Unit Suite #27

    $15 /Mo

    Size
    1,500 SF
    Contact us
    Unit Suite #1

    $15 /Mo

    Size
    1,000 SF
    Contact us
    Unit 17553-17557, Suite 22-24

    $16 /Mo

    Size
    5,350 SF
    Contact us
    Unit Suite 3

    $15 /Mo

    Size
    750 SF
    Contact us
    Unit Suite #21

    $15 /Mo

    Size
    1,700 SF
    Contact us
    Unit Suite 29

    $16 /Mo

    Size
    1,700 SF
    Contact us
    Unit Suite #9

    $15 /Mo

    Size
    1,000 SF
    Contact us
    Unit Suite 5

    $16 /Mo

    Size
    1,000 SF
    Contact us
    Unit Suite #31

    $15 /Mo

    Size
    2,700 SF
    Contact us
    Unit Suite #30

    $16 /Mo

    Size
    3,399 SF
    Contact us
    Unit Suite #28

    $15 /Mo

    Size
    2,700 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Terri J. Cox
    Terri J. Cox

    Listing Agency: Matanky Realty Group Listing Agent: Terri J. Cox

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

    Learn more

    Property Insight Report

    Overview

    This 83,800 square foot grocery-anchored strip center, located at 17503 S Kedzie Ave in Hazel Crest, IL 60429, presents a compelling investment opportunity. Built in 1975, the property boasts a strong tenant mix including a full-service grocery store, Post Office, Family Dollar, and several restaurants. The center offers multiple spaces available for lease, ranging from 1,700 to 3,500 contiguous square feet, with a total of 5,200 square feet currently vacant. The minimum leasable space is 1,700 square feet. This well-established center serves as a community hub, providing a diverse range of services and amenities to local residents. Its strategic location in the heart of Hazel Crest ensures high visibility and accessibility for businesses. The existing tenant roster includes a blend of national, regional, and local businesses, creating a vibrant and thriving retail environment. This property offers a unique chance to capitalize on a strong existing tenant base and a high-traffic location within a well-established community. The Cook County location provides access to a substantial consumer base. This is an excellent opportunity for investors seeking a stable, income-producing asset in a desirable retail market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sun Electrical Services Electrical Service Armored Nutrition Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazel Crest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6941185
    Latitude
    41.5713537

    Nearby Similar for Lease

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      Medical Office Near Advocate Hospital

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      Retail Space in Hazel Crest

      Retail space available in Hazel Crest, Illinois shopping center.
      17503-17575 Kedzie Ave, Hazel Crest, IL 60429
      View Details
    • Contact for pricing
      930 SF

      Hazel Crest Office Space Available

      Well-located office property with recent renovations and ample parking.
      17500-17508 E Carriageway Dr, Hazel Crest, IL 60429
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      3,497 SF

      Hazel Crest Retail Leasing Opportunity

      Retail spaces available in Hazel Crest with high visibility.
      3310-3370 W 183Rd St, Hazel Crest, IL 60429
      View Details
    • Contact for pricing
      1,378 SF

      Retail Space on 183rd Street

      Retail spaces available in Hazel Crest shopping center.
      3400-3480 W 183Rd St, Hazel Crest, IL 60429
      View Details
    • Contact for pricing
      1,242 SF

      Hazel Crest Office Space Available

      Office space available for rent in Hazel Crest, Illinois.
      17850 Kedzie Ave, Hazel Crest, IL 60429
      View Details
    • Contact for pricing

      Hazel Crest Office Space Available

      Multiple office spaces and suites available in Hazel Crest, Illinois.
      17577 Kedzie Ave, Hazel Crest, IL 60429
      View Details
    • $12 SF/Yr
      42,946 SF

      Fountainbleau Court Retail Space

      Hazel Crest, IL shopping center opportunity.
      3400- 183Rd St, Hazel Crest, IL 60429
      View Details
    • $8 SF/Yr
      262,856 SF

      3310 183Rd St

      Retail properties & Spaces • 262,856 SF
      3310 183Rd St, Hazel Crest, IL 60429
      View Details

    FAQs

    What type of property is this?
    Retail property - Grocery-anchored strip center with 13 spaces.
    Where is this retail property located?
    The property is located at 17503 Kedzie Ave Hazel Crest, IL.
    What is the lease rate?
    The lease rate is $15-$16 SF/Yr.
    What are key features of this property?
    This property features: 1,700 - 3,500 SF of retail space available for lease.; Grocery-anchored center in prime Hazel Crest location.; Teddy's Market, the area's only full-service grocery store, is the anchor tenant.
    (312) 337-1001 Call to check price and availability
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    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
    17503 Kedzie Ave Hazel Crest, IL 60429
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    Contact for Pricing
    Please call us for current price
    and status of this listing Terri J. Cox
    Terri J. Cox
    Real Estate License ID: 4710003588
    (312) 337-1001 (773) 517-9740
    Learn more
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