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Property profile & analytics
FOR LEASE
Community centers
4142 W 167Th St, Oak Forest, IL 60452
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US28-1743390
For Lease
1 / 6
$23 SF/Yr
4142 W 167Th St, Oak Forest, IL 60452
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Property summary
AI-generated overview
This exceptional Oak Forest, IL retail property, located at 4142 W 167th St, offers 24,419 square feet of space in a vibrant shopping center. Four suites are available, ranging from a minimum of 868 square feet to a maximum contiguous space of 1,750 square feet
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Lot
0.62 ac (26,828 SF)
APN
28-22-405-032
UPID
US28-1743390
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chick N Wingz Restaurant Take-out & Catering
-
A. Progeny Global Real Estate Agency
-
SMOKE CITY - Vapes Tobacco Premium Cigars Hookah Smoke Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Fisherman's Island Restaurant Take-out & Catering
-
Ela'$ Wine N Slots Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Oak Forest Properties LLC · 21 yrs held
Oak Forest Properties LLC
since 2004
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oak Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Forest submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$33,895
Tax year 2022
Assessed value
$66,555
Assessed 2022
Previous assessed
$66,555
+0.0% YoY
Effective rate
50.93%
On assessed value
Assessed land
$16,096
Assessed improvement
$50,459
Land market value
$64,384
Improvement market value
$201,836
Total market value
$266,220
Applied tax rate
13,070.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2004
Heating
NONE
Lot
0.62 ac (26,828 SF)
APN
28-22-405-032
UPID
US28-1743390
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
Oak Forest Properties LLC
Entity
Mailing address
PO BOX 239, NAPERVILLE, IL 60566-0239
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2013
—
Oak Forest Properties LLC
—
Deed Of Trust
related
$3,224,686 · First Community Fin'l Svcs INC
Apr 26, 2005
—
Oak Forest Properties LLC
—
Grant Deed
related
$3,500,000 · Old Second National Bank
Sep 21, 2004
$750,000
Oak Forest Properties LLC
Marks,clifton
Warranty Deed
related
$585,000 · First National Bank Naperville
Aug 20, 1998
$156,000
Clifton Marks
Lasalle National Bk Chgo Ttee
Grant Deed
related
$107,500 · Interstate Bank
—
—
Oak Forest Properties LLC
—
Deed Of Trust
related
$5,880,000 · First Community Bank
—
—
Oak Forest Properties LLC
—
Deed Of Trust
related
$3,409,249 · First Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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