Accurate Personnel USA Building 7907 W Cermak Rd 4,100 SF 100% Leased Retail Building North Riverside, IL 60546 $1,195,724 CAD ($291.64 CAD/SF) 8.16% Cap Rate
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 Commercial Investment! Newer commercial retail/office lease, strong national corporate tenant (staffing company with 20+ locations across USA) on Cermak Rd in the newly renovated 3000 SF office/retail space (brand new finishes, LVT flooring, energy efficient LED lighting, 11 foot loft ceilings). 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 1000 SF semi-finished basement (underneath large apt) with dedicated 17 car parking lot on busy Cermak Road (38,000 VPD). Tremendous brand new office/retail space in office, 11 foot loft ceilings, open layout with new VCT flooring, new energy efficient LED ceiling light fixtures, oak wood trim & six (6) panel Oak wood doors plus open areas, kitchenette & two restrooms & all fully sprinklered. 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.
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 1000 SF semi-finished basement (underneath large apt) with dedicated 17 car parking lot on busy Cermak Road (38,000 VPD). Tremendous brand new office/retail space in office, 11 foot loft ceilings, open layout with new VCT flooring, new energy efficient LED ceiling light fixtures, oak wood trim & six (6) panel Oak wood doors plus open areas, kitchenette & two restrooms & all fully sprinklered. 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 |
$112,036
|
$27.33
|
| Other Income |
$1,424
|
$0.35
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,459
|
$27.67
|
| Taxes |
$9,201
|
$2.24
|
| Operating Expenses |
$6,630
|
$1.62
|
| Total Expenses |
$15,831
|
$3.86
|
| Net Operating Income |
$97,628
|
$23.81
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,100 SF
Building Class
B
Year Built/Renovated
1945/2022
Price
$1,195,724 CAD
Price Per SF
$291.64 CAD
Cap Rate
8.16%
NOI
$97,628 CAD
Percent Leased
100%
Tenancy
Multiple
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)
Frontage
75’ on Cermak Road
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 | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $63,206 CAD (2024) | |
| Land Assessment | $13,067 CAD (2024) | Annual Taxes | $9,201 CAD ($2.24 CAD/SF) |
| Improvements Assessment | $50,139 CAD (2024) | Tax Year | 2023 Payable 2023 |
