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    Property profile & analytics

    5251 147th St Oak Forest, IL 60452-1300

    • Retail space
    • 1.28 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Last Sale
    Dec 08, 2023
    $480,000
    Location Intelligence
    Property ID
    US28-5671672
    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

    • Roy Mark A / Social Worker
    • Petro Sherry & Associates / Marriage Or Relationship Counselor / Family Counselor
    • TDN Agency / Advertising Agency
    • Good Samarita Home Health / Home Health Care Service
    • Elite Windows / Window Supplier

    Property Details for 5251 147th St

    Year built
    1944
    Lot size
    1.28 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    28-09-301-070
    APU
    2809301070

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $515,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $440,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $485,000
      Geo Method
      $435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $370,000
      Mixed-Use
      $375,000
      Hospitality
      $455,000
      Educational
      $405,000
      Residential Income
      $370,000
      Energy
      $405,000
      Income-Based Land
      $395,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7498
    Latitude
    41.6245
    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
    $59,841
    $111,774
    $30,748
    $142,522
    -
    $447,096
    $122,992
    $570,088

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      15510 Cicero Ave

      STORE, RETAIL OUTLET • 0.32 Acres
      15510 Cicero Ave, Oak Forest, IL 60452-3618
      View Details
    • Value Estimation by Request
      0.34 Acres

      15331 Cicero Ave

      STORE, RETAIL OUTLET • 0.34 Acres
      15331 Cicero Ave, Oak Forest, IL 60452-2500
      View Details
    • Value Estimation by Request
      1.44 Acres

      14930 Cicero Ave

      STORE, RETAIL OUTLET • 1.44 Acres
      14930 Cicero Ave, Oak Forest, IL 60452-1451
      View Details
    • Value Estimation by Request
      0.82 Acres

      15000 Cicero Ave Ste, Unit 100

      STORE, RETAIL OUTLET • 0.82 Acres
      15000 Cicero Ave Ste, Oak Forest, IL 60452-1480
      View Details
    • Value Estimation by Request
      0.86 Acres

      5200 159th St

      STORE, RETAIL OUTLET • 0.86 Acres
      5200 159th St, Oak Forest, IL 60452-3326
      View Details
    • Value Estimation by Request
      0.32 Acres

      15510 Cicero Ave

      STORE, RETAIL OUTLET • 0.32 Acres
      15510 Cicero Ave, Oak Forest, IL 60452-3618
      View Details

    Similar Nearby for Sale

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      Land Near Metra Station

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    Similar Nearby for Lease

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      Prime retail space with high visibility and traffic exposure.
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    • $900 /Mo
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      Retail Space in Oak Forest

      Affordable retail location in business-friendly Oak Forest, Illinois.
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    • $35 SF/Yr
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      New Retail Building with Drive-Thru

      New construction retail building with drive-thru in Oak Forest.
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      Oak Forest Retail Space For Lease

      1,250 SF Retail Space, High Traffic
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    • $23 SF/Yr
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      Oak Forest Retail Plaza

      Prime Retail Space Available
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    Oak Forest, IL 60452-1300
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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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