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8905 W Cermak Rd 4,453 SF 100% Leased Retail Building Riverside, IL 60546 $799,000 ($179.43/SF)
EXECUTIVE SUMMARY
Great corner property located on busy Cermak Rd. Very clean! Lounge style space ideal for any business! Electric ran in every area! Fully equipped kitchen and plenty of storage. Walk in cooler. New roof, new plumbing & recently tuckpointed! Nice 2 bedroom apartment currently rented for $1,300 a month. Potential to make 2 apartments! Nice private parking lot! Beautiful property! Too much to mention! Call for private showing!
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$15,600
|
$3.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$15,600
|
$3.50
|
| Taxes |
$32,000
|
$7.19
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,000
|
$7.19
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $3.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $15,600 |
| Annual Per SF | $3.50 |
| Taxes | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $7.19 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $7.19 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,453 SF
Building Class
C
Year Built
1940
Price
$799,000
Price Per SF
$179.43
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.09 AC
Zoning
COM - Retail, commercial, office, etc.
Parking
12 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-27-205-009-0000 | Total Assessment | $8,951 (2024) |
| Land Assessment | $3,189 (2024) | Annual Taxes | $32,000 ($7.19/SF) |
| Improvements Assessment | $5,762 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
15-27-205-009-0000
Land Assessment
$3,189 (2024)
Improvements Assessment
$5,762 (2024)
Total Assessment
$8,951 (2024)
Annual Taxes
$32,000 ($7.19/SF)
Tax Year
2023
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8905 W Cermak Rd
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