10540 Cermak Rd Westchester, IL 60154
- Retail space
- 0.23 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 10540 Cermak Rd
- Year built
- 1970
- Lot size
- 0.23 lot acres
- Property type
- Retail space
- APN
- 15-20-418-129
- APU
- 1520418129
Description
This exceptional 5,400 square foot office building in Westchester, IL, presents a fantastic opportunity for medical or professional practices. Situated on a 0.22-acre lot at 10540 W Cermak Road, this property offers versatile space configurations to suit various needs. The building boasts multiple suite options, including 1,250 sq ft, 2,500 sq ft, and the entire 5,400 sq ft. The upper level features two private offices with eight rooms, previously utilized as medical examination rooms, sharing a full private bathroom. This area is easily divisible, ideal for two separate practices. Convenient public restrooms are also available within the building. The mezzanine level has been completely remodeled and currently houses a thriving medical practice, showcasing its adaptability. This section is divided into three private offices. A significant advantage is the inclusion of heat for all tenants, reducing operational costs. Off-street parking is provided, ensuring convenient access for clients and staff. The property's prime location adds to its appeal, making it an excellent investment for any professional seeking a well-maintained and functional workspace. The building is available immediately.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $365,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $360,000
- Mixed-Use
- $465,000
- Hospitality
- $385,000
- Educational
- $410,000
- Residential Income
- $375,000
- Energy
- $350,000
- Income-Based Land
- $455,000
- Food Service
- $470,000
Location Insight
- Map
- Local Demand
- City
- Westchester
- County
- Cook
- State
- Illinois
- Longitude
- -87.8856
- Latitude
- 41.8488
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA