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    7501 Cermak Rd North Riverside, IL 60546

    • Community centers
    • 17.54 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-2404581
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Forever 21 / Clothing Store / Fashion Accessories Store
    • Fresh Wear / Clothing Store / Men'S Clothing Store
    • Think Custom Gifts & Tees (North River Park Mall) / Custom T-Shirt Store / Banner Store
    • Express / Men'S Clothing Store / Fashion Accessories Store
    • Taqueria El Milagro / Mexican Restaurant / Latin American Restaurant

    Property Details for 7501 Cermak Rd

    Year built
    1974
    Lot size
    17.54 lot acres
    Property type
    Community centers
    APN
    15-25-200-010
    APU
    1525200010

    Description

    This exceptional retail opportunity is located at 7501 W Cermak Rd, North Riverside, IL 60546, within the iconic North Riverside Park Mall. The property boasts a substantial 1,404,848 square feet of retail space, situated on a generous 61.71-acre lot. Currently, there are seven suites available, with a minimum divisible space of 936 square feet and a maximum contiguous space of 7,000 square feet. A total of 19,583 square feet is currently vacant, presenting a unique chance for expansion or new tenancy. Built in 1976, this single-story structure offers ample parking with 5,845 spaces available for customers and employees. The property is zoned B4-2, North Riverside, within Cook County, Illinois. This established mall enjoys a long history of serving a loyal and densely populated local market, making it an ideal location for businesses seeking a strong foothold in a thriving community. The property's size and layout offer significant flexibility for a variety of retail concepts, from smaller boutiques to larger flagship stores. This is a rare chance to secure a prominent position in a well-established and highly visible retail center. The property's extensive parking and convenient location ensure high visibility and accessibility for customers. Don't miss this opportunity to become part of a successful and enduring retail destination.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Riverside
    County
    Cook
    State
    Illinois
    Longitude
    -87.81
    Latitude
    41.8476
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,120,779
    $1,910,640
    $7,483,070
    $9,393,710
    -
    $7,642,560
    $29,932,280
    $37,574,840

    Comparable in this City

    • Value Estimation by Request
      9.00 Acres

      7301 25th St

      MINI-MALL • 9.00 Acres
      7301 25th St, North Riverside, IL 60546-1409
      View Details
    • Value Estimation by Request
      13.24 Acres

      7503 Cermak Rd

      MINI-MALL • 13.24 Acres
      7503 Cermak Rd, North Riverside, IL 60546-1405
      View Details
    • Value Estimation by Request
      25.73 Acres

      2300 Cermak Rd

      MINI-MALL • 25.73 Acres
      2300 Cermak Rd, North Riverside, IL 60546
      View Details
    • Value Estimation
      $13,425,000
      11.55 Acres

      7501 Cermak Rd

      MINI-MALL • 11.55 Acres
      7501 Cermak Rd, North Riverside, IL 60546-1434
      View Details
    • Value Estimation by Request
      16.90 Acres

      7501 Cermak Rd

      MINI-MALL • 16.90 Acres
      7501 Cermak Rd, North Riverside, IL 60546-1434
      View Details
    • Value Estimation by Request
      0.46 Acres

      112 Lincoln Ave, Unit P6

      RESIDENTIAL PARKING GARAGE • 0.46 Acres
      112 Lincoln Ave, Riverside, IL 60546-2401
      View Details

    Similar Nearby for Sale

    • $375,000

      Versatile Commercial Space on Cermak

      High-visibility commercial space ideal for resale shops or offices.
      8607 W Cermak Rd, North Riverside, IL 60546
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    • Contact for pricing
      1.32 Acres

      Prime Beardstown Commercial Land

      1.32 Acres, C-2 Zoning, Walmart Outlot
      100 Lincoln Ave, Riverside, IL 60546
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Prime Retail Location Available

      Outlot for ground lease or build-to-suit in North Riverside.
      7385 Cermak Rd, North Riverside, IL 60546
      View Details
    • Contact for pricing
      3,850 SF

      Retail Space on Cermak Road

      Retail space with high visibility near Route 171.
      8300-8360 W Cermak Rd, Riverside, IL 60546
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in North Riverside

      Community shopping center with national tenants and high traffic.
      7201-7231 W 24Th St, North Riverside, IL 60546
      View Details
    • Contact for pricing
      203,001 SF

      North Riverside Park Mall Anchor

      Retail anchor space available for lease in North Riverside.
      7503 W Cermak Rd, Riverside, IL 60546
      View Details
    • Contact for pricing
      9,704 SF

      Retail Space in North Riverside

      Community shopping center with national tenants and high traffic.
      7401 W 24Th St, North Riverside, IL 60546
      View Details
    • Contact for pricing
      1,404,848 SF

      North Riverside Retail Space Available

      Prime Retail Space, Multiple Units Available
      7501 Cermak Rd, North Riverside, IL 60546
      View Details
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    North Riverside, IL 60546
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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
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