5168 95th St Oak Lawn, IL 60453-2458
- Retail space
- 0.06 lot acres
Current Use by Public Records
- The Velvet Bakery / Polish Restaurant / Wedding Bakery
Property Details for 5168 95th St
- Year built
- 1952
- Lot size
- 0.06 lot acres
- Property type
- Retail space
- APN
- 24-04-330-034
- APU
- 2404330034
Description
This 3,734 square foot multi-tenant retail property, located at 5168 W 95th St in Oak Lawn, IL, presents a compelling value-add investment opportunity. The property, built in 1960 and situated on a 6,379 square foot lot, features three units currently operating at 100% occupancy as of October 7, 2024. With below-market rental rates, there's significant potential for increased NOI. The asking price is $530,000, representing a 7.87% cap rate and a price per square foot of $141.94. The property boasts a prime location on a signalized corner with high visibility and traffic, near the Oak Lawn Village Hall and a master-planned downtown redevelopment anchored by a Metra commuter rail station. The C-2 Commercial Business District zoning allows for a variety of uses. Twelve parking spaces are available on-site. The property is part of a larger three-property estate sale, offering potential for portfolio acquisition. This is a rare opportunity to acquire a well-located, historically occupied retail asset in a growing area with strong potential for value appreciation. The property's Net Operating Income (NOI) is $41,719. The property consists of one single-story building. The Cook County Assessor's Parcel Numbers (APN) are 24-04-416-035-0000 and 24-04-416-036-0000. The sale is considered a distressed sale.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Oak Lawn
- County
- Cook
- State
- Illinois
- Longitude
- -87.7551
- Latitude
- 41.7201
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
