Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    IL Evergreen Park Plz Evergreen Park, IL 60805

    • Neighborhood centers
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for IL Evergreen Park Plz

    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional 3,000 square foot retail space in Evergreen Park, IL, presents a fantastic opportunity for businesses seeking high visibility and strong foot traffic. Located in Cook County, this single-tenant property sits directly across from Little Company of Mary Hospital, ensuring a consistent flow of potential customers. The property boasts excellent access and visibility, benefiting from its strategic placement within a thriving retail corridor. Join established businesses such as Pizza Hut, Smoothie King, and Wing Stop, and capitalize on the area's robust daytime population. The surrounding area is anchored by major retailers including Walmart, Michaels, Dick's Sporting Goods, Menards, Ross, Meijer, Sam's Club, Petco, and T.J. Maxx, creating a synergistic environment and attracting a diverse customer base. This prime location offers unparalleled potential for growth and success. The property is categorized as a strip center and is currently vacant, ready for immediate occupancy. The zip code is 60805. This is an ideal space for a variety of retail businesses seeking a high-traffic location in a well-established community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.7017
    Latitude
    41.7206

    Comparable in this City

    • Value Estimation by Request
      90,455 SF

      Kedzie Ave

      Neighborhood centers • 90,455 SF
      0 Kedzie Ave, Chicago, IL 60805
      View Details
    • Value Estimation by Request

      2525 95Th St

      Individual retail properties
      2525 95Th St, Evergreen Park, IL 60805
      View Details
    • Value Estimation by Request

      2535 95Th St

      Retail properties
      2535 95Th St, Evergreen Park, IL 60805
      View Details
    • Value Estimation
      $570,000
      13.14 Acres

      2500 95th St

      MINI-MALL • 13.14 Acres
      2500 95th St, Evergreen Park, IL 60805-2807
      View Details
    • Value Estimation by Request

      9100 Western Ave

      MINI-MALL
      9100 Western Ave, Evergreen Park, IL 60805-2501
      View Details
    • Value Estimation by Request

      9330 Western Ave

      MINI-MALL
      9330 Western Ave, Evergreen Park, IL 60805
      View Details

    Similar Nearby for Sale

    • $595,000

      Established Auto Shop on Kedzie

      Turn-key auto shop and used car lot in Evergreen Park.
      9121 S Kedzie Ave, Evergreen Park, IL 60805
      View Details
    • $499,000
      2,875 SF

      Established Bar in Beverly

      Turnkey bar for sale in the heart of Beverly.
      10330 S Western Ave, Chicago, IL 60805
      View Details
    • Contact for pricing

      Exterior Parking Space For Sale

      Exterior parking space available for purchase.
      8701 S Mozart Ave, Evergreen Park, IL 60805
      View Details
    • Contact for pricing
      4,000 SF

      Auto Repair Business on Kedzie

      Auto repair business and real estate for sale on Kedzie.
      10321 S Kedzie Ave, Chicago, IL 60805
      View Details
    • $249,600
      0.06 Acres

      Evergreen Park Commercial Building For Sale

      Commercial building with office and warehouse space in Evergreen Park.
      9311 S Kedzie Ave, Evergreen Park, IL 60805
      View Details
    • $574,000
      0.23 Acres

      Evergreen Park Commercial Lot

      Commercial lot with office building in Evergreen Park, Illinois.
      9122 S Kedzie Ave, Evergreen Park, IL 60805
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      90,455 SF

      Westport Commons Retail Center

      Chicago Retail Space: 39,588 SF Available
      0 Kedzie Ave, Chicago, 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
      792 SF

      Meijer In-Store Retail Space

      Evergreen Park, IL Retail Opportunity
      9200 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
      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
    • $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
    Request Owner's contact information
    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.
    IL Evergreen Park Plz
    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
    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

    Google sign-in failed. Please try again or use another login method.