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    OFF-MARKET Estimated value $545,000
    Community centers

    7501 Cermak Rd, North Riverside, IL 60546-1434

    17.54 ac lot Built 1974
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US28-2404581
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 7501 W Cermak Rd, North Riverside, IL 60546, within the iconic North Riverside Park Mall. The property boasts a substantial 1,404,848 square feet of retail space, situated on a generous 61.71-acre lot. Currently, there are seven suites available, with a minimum divisible space of 936 square feet and a maximum contiguous space of 7,000 square feet. A total of 19,583 square feet is currently vacant, presenting a unique chance for expansion or new tenancy. Built in 1976, this single-story structure offers ample parking with 5,845 spaces available for customers and employees. The property is zoned B4-2, North Riverside, within Cook County, Illinois. This established mall enjoys a long history of serving a loyal and densely populated local market, making it an ideal location for businesses seeking a strong foothold in a thriving community. The property's size and layout offer significant flexibility for a variety of retail concepts, from smaller boutiques to larger flagship stores. This is a rare chance to secure a prominent position in a well-established and highly visible retail center. The property's extensive parking and convenient location ensure high visibility and accessibility for customers. Don't miss this opportunity to become part of a successful and enduring retail destination.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1974
    Lot 17.54 ac (764,042 SF)
    APN 15-25-200-010
    UPID US28-2404581
    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
    • Forever 21 Clothing Store Fashion Accessories Store
    • Fresh Wear Clothing Store Men'S Clothing Store
    • Think Custom Gifts & Tees (North River Park Mall) Banner Store Gift Shop
    • Express Clothing & Fashion Store
    • Taqueria El Milagro Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $545k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $545k
    Owner & transaction history
    N RIVERSIDE PARK ASSOC
    N RIVERSIDE PARK ASSOC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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