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Highland Plaza 905-921 W 55th St 24,500 SF 79% Leased Retail Building Countryside, IL 60525 For Sale 7.50% Cap Rate
Investment Highlights
- Facing Hi Traffic 55th Street
Executive Summary
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$544,351
|
$20.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$40,000
|
$1.54
|
| Effective Gross Income |
$504,351
|
$19.40
|
| Taxes |
$150,000
|
$5.77
|
| Operating Expenses |
$45,000
|
$1.73
|
| Total Expenses |
$195,000
|
$7.50
|
| Net Operating Income |
$309,351
|
$11.90
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $544,351 |
| Annual Per SF | $20.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $1.54 |
| Effective Gross Income | |
|---|---|
| Annual | $504,351 |
| Annual Per SF | $19.40 |
| Taxes | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $5.77 |
| Operating Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $1.73 |
| Total Expenses | |
|---|---|
| Annual | $195,000 |
| Annual Per SF | $7.50 |
| Net Operating Income | |
|---|---|
| Annual | $309,351 |
| Annual Per SF | $11.90 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Educational Services
- -
- -
- Plus Utilities
- Jun 2018
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- Benny's Barber Shop & Salon
- Services
- -
- -
- -
- -
-
- Health Care and Social Assistance
- -
- -
- -
- -
- Highland's Cleaners
- Services
- -
- -
- -
- -
- Kenny's Tavern
- Accommodation and Food Services
- -
- -
- -
- -
- La Machiocana
- -
- -
- -
- -
- -
- Lilly's Dresser
- Retailer
- -
- -
- -
- -
- Salon On 55th
- Services
- -
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
- -
State Farm began in 1922 as a mutual auto insurer founded by George J. Mecherle, who wanted pricing based on drivers' actual risk rather than broad categories. Over time, the company expanded beyond auto coverage into homeowners, renters, farm and ranch, life, health, disability, liability, and business insurance. State Farm also offers financial services, including banking through an alliance with U.S. Bank and investment products such as mutual funds and advisory services. The business now serves a broad customer base through a large agent network and manages insurance and financial service products across a wide range of policies and accounts.
- West Suburban Ballet Conservatory
- -
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Educational Services | - | - | Plus Utilities | Jun 2018 | |
| Benny's Barber Shop & Salon | Services | - | - | - | - | |
|
|
Health Care and Social Assistance | - | - | - | - | |
| Highland's Cleaners | Services | - | - | - | - | |
| Kenny's Tavern | Accommodation and Food Services | - | - | - | - | |
| La Machiocana | - | - | - | - | - | |
| Lilly's Dresser | Retailer | - | - | - | - | |
| Salon On 55th | Services | - | - | - | - | |
|
|
Finance and Insurance | - | - | - | - | |
| West Suburban Ballet Conservatory | - | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 750 SF
- Office
- -
- Now
- 917c
- 2,300 SF
- Office
- -
- Now
Previously Dental Office, Excellent Built-Outs, Corner Unit
| Space | Size | Space Use | Position | Available |
| 1st Floor | 750 SF | Office | - | Now |
| 917c | 2,300 SF | Office | - | Now |
| 919 | 1,135-2,300 SF | Retail | - | Now |
1st Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
917c
| Size |
| 2,300 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
919
| Size |
| 1,135-2,300 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
919
| Size | 1,135-2,300 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Previously Dental Office, Excellent Built-Outs, Corner Unit
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $708,917 (2025) | |
| Land Assessment | $242,468 (2025) | Annual Taxes | $150,000 ($6.12/SF) |
| Improvements Assessment | $466,449 (2025) | Tax Year | 2024 |
Property Taxes
Contact the Sale Advisor
Highland Plaza | 905-921 W 55th St