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9723-9725 Southwest Hwy
Oak Lawn, IL 60453
Retail Property For Sale

Investment Highlights

  • 10+ CAP Rate - Very well maintained 3000 sq ft. Building with 1 over head door

Executive Summary

Wow look at this (10+ CAP Rate) Opportunity to own a versatile multi-unit commercial building in the heart of Oak Lawn. This well-maintained property features three approximately 1,000 sq. ft. units, all currently leased, providing immediate income potential. Ideal for an owner-user looking to operate their business in one unit while collecting rental income from the other two spaces. The flexible layout allows for a wide variety of uses including office, dental, medical, legal, real estate, accounting, and many other professional services. The property offers ample storage space, an overhead door for convenient access, and approximately 10 parking spaces with parking available in both the front and rear of the building. Recent improvements include newer A/C units and furnaces for all three units, a newer roof, and updated bathrooms. Situated in a prime Oak Lawn location with high daily traffic counts, providing excellent exposure and accessibility for businesses. A great opportunity for both investors and business owners looking for strong location, income potential, and long-term value.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,000 SF
Building Class
C
Year Built
1990
Price
$605,342 CAD
Price Per SF
$201.78 CAD
Cap Rate
10.04%
NOI
$60,752 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.14 AC
Zoning
C2 - General commercial
Parking
14 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
56’ on Southwest Highway

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 24-08-120-008-0000
  • 24-08-120-009-0000
Land Assessment
$19,556 CAD
Improvements Assessment
$94,186 CAD
Total Assessment
$113,742 CAD
  • Listing ID: 39742440

  • Date on Market: 2026-03-11

  • Last Updated:

  • Address: 9723-9725 Southwest Hwy, Oak Lawn, IL 60453

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