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    Oak Lawn, IL
    Strip Mall

    Oak Lawn, IL Strip Malls for Sale

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    Iconic Oak Lawn Retail Opportunity
    Updated: Feb 25
    Iconic Oak Lawn Retail Opportunity

    5540 W 95th St, Oak Lawn, IL 60453

    Contact for pricing
    6,279 sqft
    Prime location on a high‑traffic commercial corridor with strong visibility.
    Includes the iconic Premo's building with business value.
    Adjacent three‑tenant retail center provides additional income.
    Surrounded by dense residential neighborhoods, national retailers, and established local businesses.
    Premo's building offers owner‑user, investment, or redevelopment potential.
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    Renovated Strip Center with 6 Units
    Updated: May 5, 2025
    Renovated Strip Center with 6 Units

    6421 W 87th Street, Oak Lawn, IL 60453

    $3,300,000
    15,810 sqft 1.10 AC lot
    Renovated in 2025
    6 fully leased units
    15,810 SF building on +/-48,138 SF site (~1.10 acres)
    Central air cooling
    No on‑site pool
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    Corner Redevelopment City Block
    Corner Redevelopment City Block

    5620 West 95th Street, Oak Lawn, IL 60453

    Contact for pricing
    22,000 sqft

    Entire city block offering strong visibility with high daily traffic on two major corridors.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Class C Retail Strip Center
    Class C Retail Strip Center

    8511 88th Ave, Justice, IL 60458

    Contact for pricing

    Retail strip center with 30 on-site parking spaces and 84% occupancy among Class C tenants.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Oak Lawn, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fully Leased Retail Center
    Fully Leased Retail Center

    9901-9909 S Harlem, Chicago Ridge, IL 60415

    $2,600,000
    0.18 AC lot

    Retail center with two established tenants and ample parking along a high-traffic, high-visibility thoroughfare.

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    Three-Unit Medical & Retail Strip
    Three-Unit Medical & Retail Strip

    3441-57 W 111 Street, Chicago, IL 60655

    $575,000

    Fully leased three-unit strip center with medical offices, a salon, and an insurance tenant with on-site parking.

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    Multi-Tenant Retail Property For Sale
    Multi-Tenant Retail Property For Sale

    2301-2323 W 95th Street, Chicago, IL 60643

    Contact for pricing
    20,392 sqft

    Value-add retail property in Chicago's Beverly Neighborhood.

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    Fully Leased Retail Strip Center
    Fully Leased Retail Strip Center

    9901-9909 S Harlem, Chicago Ridge, IL 60415

    $2,600,000

    Retail strip center is fully leased to two tenants with ample parking and frontage on a busy, high-traffic street.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Corner Commercial Land Available
    Prime Corner Commercial Land Available

    8450 Willow Springs Road, Willow Springs, IL 60480

    $800,000
    1.90 AC lot

    Corner lot suitable for retail development, drive-thru, or subdivision.

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    Corner Lot Strip Mall Opportunity
    Corner Lot Strip Mall Opportunity

    237 W 79th Street, Chicago, IL 60620

    $130,000
    0.16 AC lot

    Ideal corner location for a small strip mall or franchise.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    19611 Crawford Avenue, Flossmoor, IL 60422

    $399,800
    2.53 AC lot

    A 2.53-acre commercial-zoned parcel suitable for neighborhood-oriented retail or service development.

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    2.91 Acres Corner Location
    2.91 Acres Corner Location

    Lot 1 West Stuenkel Road, University Park, IL 60484

    Contact for pricing
    2.91 AC lot

    2.91 acres in Will County, corner location, industrial park.

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    Oak Lawn, IL Strip Malls Market Trends and Statistics

    Explore 4 strip malls for sale in Oak Lawn, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 44,089 square feet of properties for sale, with an estimated market value of $3,300,000.

    Sale prices for retail strips in Oak Lawn, IL average $3,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 13
    Storefront properties 11
    Automotive properties 8
    Auto shops 4
    Gas stations 2

    Demographics Overview

    Population 136K
    Population Growth (5Y) -0.3%
    Median Household Income $77,870
    College Educated 23.9%

    High-Yield Neighborhoods for Investment

    Identify Oak Lawn submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60453 $1.3M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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    • 60458

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