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Property profile & analytics

10540 Cermak Rd Westchester, IL 60154

  • Retail space
  • 0.23 lot acres
Value Estimation
Last Sale
Apr 12, 2022
$350,000
Location Intelligence
Property ID
US28-2187809
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

  • 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

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

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
$19,764
$35,000
$29,781
$64,781
-
$140,000
$119,124
$259,124
More about this property
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