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    Prime Commercial Lot on Cicero Title is generated by Realmo AI

    14101 S Cicero Avenue, Crestwood, IL 60418

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    For Sale
    $749,900

    LAND - Crestwood, IL

    Lot size:
    1.00 Acre
    Added:
    Mar 25, 2026
    Days on Market:
    49
    Last Refresh:
    May 12 at 8:06 am

    Property Features for 14101 S Cicero Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    28033030010000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    27837

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Rima Odeh
    Rima Odeh

    Listing agent Rima Odeh License #475102798

    Listing office Infiniti Properties, Inc. 9566 W. 147th Street, Homewood, IL

    Listing date Mar 25, 2026

    MLS# 12601887 Listing URL

    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.

    HighLights

    • Prime 1+ acre corner lot on busy Cicero Ave & 141st St with 150 ft frontage.
    • High traffic counts: 40,400 vehicles per day on Cicero Ave.
    • Located in the heart of Crestwood's business district with great exposure.
    • Surrounded by national tenants.
    • Walking distance from Ozenga Fields & Cesar Field.
    • Village is flexible on uses and offers possible incentives.

    Overview

    This commercial lot, over one acre in size, is located on the corner of Cicero Avenue and 141st Street in Crestwood, Illinois. The property features 150 feet of frontage and a depth of 283.49 feet. Situated in the heart of Crestwood's business district, the location offers high visibility and exposure. The surrounding area includes national tenants, and the property is within walking distance of Ozenga Fields and Cesar Field. The property is suitable for a variety of developments and businesses, including retail, medical facilities, and drive-through restaurants. The Village is flexible regarding potential uses and is accommodating to new businesses, with possible incentives available. Traffic counts are high, with 40,400 vehicles per day on Cicero Avenue and 9,301 vehicles per day on 141st Street. The property is near Route 83 and the Cicero development, with new commercial and retail establishments nearby. It is also located near I-294 and I-57/I-80.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crestwood
    County
    Cook
    State
    Illinois
    Longitude
    -87.736862
    Latitude
    41.635872

    Nearby Similar for Sale

    • $165,000

      Residential Land in Crestwood, IL

      0.689 acre parcel zoned for single family residential use.
      4223 137th Street, Crestwood, IL 60418
      View Details
    • $749,000
      1 SF

      Commercial Land on Cicero Avenue

      Commercial land with frontage on Cicero Avenue and 141st.
      14101 South Cicero Avenue, Crestwood, IL, 60445
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre corner lot in Crestwood's business district.
    Where is this commercial land located?
    The property is located at 14101 S Cicero Avenue Crestwood, IL.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Prime 1+ acre corner lot on busy Cicero Ave & 141st St with **150 ft frontage**.; **High traffic counts**: 40,400 vehicles per day on Cicero Ave.; Located in the heart of Crestwood's business district with great exposure.
    (708) 206-3000
    We can help!
    Listing Contact
    Rima Odeh
    Rima Odeh
    Real Estate License ID: 475102798
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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