Commercial Building on Cicero
11346 S Cicero Avenue Alsip, IL 60803
11346 S Cicero Avenue, Alsip, IL, 60803
$1,950,000
For Sale
$1,950,000
COMMERCIAL - Alsip, IL
Property Size13,000 SF
Lot Size1.20 Acres
Price / SF$150
Days on Market168
Property Features for 11346 S Cicero Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 24212000400000
- Size
- 13,000 SF
- Lot size
- 1.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 100000
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Building materials
- Brick
Listing Agency
RE/MAX Market
(708) 839-8100
8728 South Archer, Willow Springs, IL
Listed by
Maribeth Garrett
(708) 558-8800
Added: Jan 31 Checked: Jul 18 at 2:06 pm
MLS# 12558387
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building is situated on Cicero Avenue, a high-traffic location, and is a few blocks from Mariano's Shopping Center. The building features over 13,000 square feet with a drive-through. It is suitable for various businesses, including retail, restaurant, office, medical, and dental uses. Approximately 3,500 square feet is available on the main floor, which can be divided. The lower level offers 6,000 square feet of divisible space with a "Flat Cost Lease". The lower level includes 15-foot ceilings, two stairwells, and elevator access. Mechanical systems and the roof are newer. The building also features separate restrooms, an elevator, a newer sprinkling system, and over 80 parking spaces. The property is located on over one acre of land. The building was previously used as a bank and includes a drive-through.
Key Highlights
- High‑traffic location on Cicero Avenue near Mariano's Shopping Center.
- Large building with over 13,000 sq ft, suitable for various business types.
- Drive‑through access.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $312.0k | $24.00 |
| − Vacancy | −$25.0k | −$1.92 |
| EGI | $287.0k | $22.08 |
| − OpEx | −$114.8k | −$8.83 |
| NOI | $172.2k | $13.25 |
13,000 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$3.98M
$3.49M – $4.65M
NOI $278,928 @ 7.0% cap · market cap 14.30%
Second Best
Specialty Retail
$3.46M
$3.02M – $4.03M
NOI $241,956 @ 7.0% cap · market cap 12.41%
Theoretical Best
Office A
$6.13M
$5.36M – $7.15M
NOI $429,062 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hanger Clinic: Prosthetics ...
Orthotics & Prosthetics Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - High-traffic location suitable for retail, restaurant, office, or medical use.
Where is this office building located?
The property is located at 11346 S Cicero Avenue Alsip, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: High‑traffic location on Cicero Avenue near Mariano's Shopping Center.; Large building with over 13,000 sq ft, suitable for various business types.; Drive‑through access.
