Fully Leased Retail
For Sale
$2,500,000
9901-9909 S Harlem, Chicago Ridge, IL 60415
An 8,500-square-foot center accommodates two established tenants at a Chicago Ridge commercial address.
Property Size8,500 SF
Price / SF$294.12
Days on Market121
Property Features for 9901-9909 S Harlem
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Asking Price
$2,600,000
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
RE/MAX 1st Service
Listed By:
Faten Razik (630) 504-9005
(708) 675-1600
Source:
Searchillinoishomesforsale
Added: Jul 1
Changed: Oct 25
Last Checked: Oct 28 at 8:27AM
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 RE/MAX 1st Service
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Investment Insights
Based on property information with market context.
This 8,500-square-foot shopping center was built in 1975 and is fully leased to two established tenants. The property is offered for sale as an occupied retail asset with existing rental occupancy in place.
Located at 9901-9909 S Harlem in Chicago Ridge, Illinois, the center sits within an established commercial setting surrounded by residential neighborhoods, retail, dining, and other commercial properties. The site includes parking and customer access, while the tenant roster provides current occupancy for an owner evaluating a leased retail property.
Located at 9901-9909 S Harlem in Chicago Ridge, Illinois, the center sits within an established commercial setting surrounded by residential neighborhoods, retail, dining, and other commercial properties. The site includes parking and customer access, while the tenant roster provides current occupancy for an owner evaluating a leased retail property.
Key Highlights
- 8,500‑square‑foot retail center
- Fully leased to two established tenants
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,981
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,359,620
$2.4M
Cap Rate 7%
$1,685,443
$1.7M
Cap Rate 9%
$1,310,900
$1.3M
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$183.6K $21.60/SF
− Vacancy
−$15.1K −$1.77/SF
EGI
$168.5K $19.83/SF
− OpEx
−$50.6K −$5.95/SF
NOI
$118.0K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,359,620
Cap Rate 7%
$1,685,443
Cap Rate 9%
$1,310,900
Alternative Uses
Best Use
Retail
$1.69M
$1.47M – $1.97M
NOI $117,981 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,426 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
128k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 83%
Shops & Services 11%
Dining 6%
Walmart
Superstores
106,666 visits/mo
0.4 miles
Dollar Tree
Shops & Services
11,882 visits/mo
0.4 miles
Burger King
Dining
6,712 visits/mo
0.5 miles
Rosa's Pizza
Dining
1,237 visits/mo
0.1 miles
Public Storage
Shops & Services
945 visits/mo
0.1 miles
Demographics for 60415, IL
14,433
Population
5,840
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
6,275
Density / Sq Mi
$69,389
Median Household Income
$48,226
Median Earnings
$1,198
Median Rent
$217,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - An 8,500-square-foot center accommodates two established tenants at a Chicago Ridge commercial address.
Where is this shopping center located?
The property is located at 9901-9909 S Harlem Chicago Ridge, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 8,500‑square‑foot retail center; Fully leased to two established tenants; Built in 1975
