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TGI Friday's 5420 W 95th St 6,961 SF of Retail Space Available in Oak Lawn, IL 60453
SPACE AVAILABILITY (1)
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- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,961 SF | Negotiable | $55.00 /SF/YR $4.58 /SF/MO $382,855 /YR $31,905 /MO | Triple Net (NNN) |
1st Floor
Freestanding ±6,961 SF retail space available for lease in the heart of Oak Lawn’s premier retail corridor. Formerly occupied by TGI Friday’s, the building sits on ±1.18 acres at a signalized hard corner along 95th Street, offering monument signage, direct visibility to over 36,000 vehicles per day (projected 2025), and exceptional access to I-294, I-57, and I-80. The property includes 83 dedicated on-site parking spaces with access to an additional 46 public spaces (129 total). Surrounded by strong national tenants including Amazon Fresh, Raising Canes, Chick-fil-A, Target, LA Fitness, Shake Shack, Panera Bread, The Home Depot, and Dunkin’. Located steps from the redeveloped Downtown Oak Lawn and minutes from Chicago Ridge Mall. Zoned C-2 (General Service Commercial), this site supports a wide range of retail, restaurant, and service uses. Long-term NNN lease preferred. Ideal for QSR, fast casual, service retail, or branded flagship users seeking exposure in a stable, high-performing market.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Central Air and Heating
- Private Restrooms
- Wheelchair Accessible
- ±6,961 SF freestanding retail building
- Former TGI Friday’s — second-generation restaurant
- Monument signage with direct exposure to 36,941 VP
- 129 parking spaces (83 on-site + 46 adjacent publi
- Located steps from Downtown Oak Lawn
- Minutes from Chicago Ridge Mall and 95th & Cicero
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,961 SF | Gross Leasable Area | 6,961 SF |
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Restaurant | Parking Ratio | 18.53/1,000 SF |
| Total Space Available | 6,961 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 6,961 SF |
| Year Built | 2005 |
| Parking Ratio | 18.53/1,000 SF |
ABOUT THE PROPERTY
5420 W 95th Street offers a prime freestanding retail leasing opportunity in the heart of Oak Lawn’s dominant commercial corridor. This ±6,961 SF former TGI Friday’s sits on a ±1.18-acre lot with monument signage and exceptional visibility to over 36,941 vehicles per day (projected 2025). The site features 129 total parking spaces (83 private on-site + 46 adjacent public) and multiple points of ingress and egress. The property is strategically located just steps from the revitalized Downtown Oak Lawn district and minutes from Chicago Ridge Mall and 95th & Cicero, one of the South Suburbs’ busiest retail intersections. National co-tenancy in the immediate area includes Amazon Fresh, Target, Shake Shack, LA Fitness, Panera Bread, Home Depot, Dunkin’, and more. Zoned C-2 (General Service Commercial), this location supports a wide variety of uses including QSR, fast casual dining, service retail, or branded flagship concepts. The landlord prefers a long-term NNN lease and offers flexible delivery options to accommodate tenant needs. With strong demographics, over $4.7 billion in annual consumer spending within 5 miles, and easy access to I-294, I-57, and I-80, this location offers unmatched visibility, access, and upside for national and regional retailers.
NEARBY MAJOR RETAILERS
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TGI Friday's | 5420 W 95th St
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