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Investment Highlights

  • Armchair investment, newer corporate lease w/ national staffing co. with 20+ branches across the U.S.
  • Lowest Cook County Taxes possible (mixed use)! Large parking lot, 3 Village lots included!
  • Rear renovated Apt w/full basement, laundry & natural light for substantial supplemental income (or storage)!
  • Clean building, brick construction, w/ new interior LED energy efficient fixtures, VCT flooring, loft style office/retail space!
  • Good visibility on busy Cermak Road (38,000 VPD) with Signage Possibilities!
  • Best location with access to I-290, 9 miles to City, easy access to Western Burbs!

Executive Summary

Ideal Boutique Mixed-Use Commercial Investment! Commercial retail/office lease with strong national corporate tenant (staffing company with 28+ locations across the USA) on Cermak Rd in the newly renovated 3000 SF office/retail space (newer finishes, LVT flooring, energy efficient LED lighting, 11 foot loft lofty ceilings, newer high efficiency HVAC systems). Includes large, Rear renovated 2Bed/1 bath Apt w/full basement (w/bonus family room, laundry & storage) brings substantial supplemental income. House & Apt rents up big in the area ($1850/month plus).
Brick mixed-use building on 3 full size Village Lots with 75 feet frontage on Cermak & lowest possible Cook real estate taxes! Clean 4000 SF property (retail/office space + large Rear 2 bed/1 bath apt) with full size semi-finished basement (underneath large apt) with dedicated 17 car parking lot on busy Cermak Road (38,000 VPD). Rear apartment renovated with refinished, classic hardwood floors, new kitchen w/Cherry cabinets, SS appliances & full bath, wood blinds, abundant natural light with basement underneath w/windows, all semi-finished, laundry, TV/game room, clean functional space, natural light & good storage, great for additional office or rental income (est. $1850/mo+).
Excellent, highly visible location on Cermak near Des Plaines Avenue (newer retail center at corner - just doors away) surrounded by abundant green space with immediate access to Harlem Ave & I-290 just a short drive City/Loop (only 9 miles) as well as all Western suburbs.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $107,631 $26.25
Other Income $1,368 $0.33
Vacancy Loss - -
Effective Gross Income $108,999 $26.59
Taxes $8,839 $2.16
Operating Expenses $6,369 $1.55
Total Expenses $15,209 $3.71
Net Operating Income $93,790 $22.88

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $107,631
Annual Per SF $26.25
Other Income (CAD)
Annual $1,368
Annual Per SF $0.33
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $108,999
Annual Per SF $26.59
Taxes (CAD)
Annual $8,839
Annual Per SF $2.16
Operating Expenses (CAD)
Annual $6,369
Annual Per SF $1.55
Total Expenses (CAD)
Annual $15,209
Annual Per SF $3.71
Net Operating Income (CAD)
Annual $93,790
Annual Per SF $22.88

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,100 SF
Building Class
B
Year Built/Renovated
1957/2022
Price
$1,134,491 CAD
Price Per SF
$276.71 CAD
Cap Rate
8.47%
NOI
$96,104 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.21 AC
Zoning
B-1, North Riverside - Adaptable to retail, office or medical uses. Building sits on three(3) Village Lots w/captive 17 car parking lot, pull thru lot with rear alley exit.
Parking
17 Spaces (4.15 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

About 7907 W CERMAK RD , NORTH RIVERSIDE, IL 60546

Armchair, 4000 SF commercial investment property w/excellent 3000 SF retail corporate tenant & great returns! Very Clean brick building with dedicated parking lot (17 spaces) on three (3) full size Village lots (75 foot frontage on Cermak), in strategic location on Cermak Road near busy Des Plaines Ave with easy access to Harlem Ave & I-290 to City (only 9 miles) and all western suburbs. Very reasonable, mixed-use Cook county real estate taxes. Property includes a renovated 1000 SF - 2 bed/1 bath rear apartment with refinished hardwood floors & new cherry wood kitchen with SS appliances and a large functional, semi-finished 1000 SF basement below with abundant natural light, family room & laundry. This apartment was renovated in 2018 and offers easy supplemental income for the 7907 W Cermak Rd building. Parking lot offers easy exit thru open alley at the rear of the property,

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Vacant-lots.com
  • -
  • 3,000 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Vacant-lots.com - 3,000 SF - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Nearby Major Retailers

PureGym
Gloria Jean's Coffees
Great Steak & Potato Co
China Max
Olive Garden
Amazon Fresh
Chili's Grill & Bar
Five Guys
Famous Dave's
Buffalo Wild Wings

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 15-25-101-007-0000
  • 15-25-101-008-0000
Land Assessment
$8,432 CAD (2025)
Improvements Assessment
$48,244 CAD (2025)
Total Assessment
$56,676 CAD (2025)
Annual Taxes
$8,839 CAD ($2.16 CAD/SF)
Tax Year
2023 Payable 2023
  • Listing ID: 13653100

  • Date on Market: 2018-08-31

  • Last Updated:

  • Address: 7907 W Cermak Rd, North Riverside, IL 60546

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