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    15126 Cicero Ave Oak Forest, IL 60452

    Sponsored
    For Sale
    Under Contract
    $449,000

    COMMERCIAL - Oak Forest, IL

    Lot size:
    0.39 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 15126 Cicero Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    28162150140000
    Lot size
    0.39 Acres

    Utilities

    Utilities
    Water Available
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Building materials
    Brick, Block
    Roof type
    Composition

    Realtopia Real Estate, Inc. (708) 326-2955 [email protected]

    Listing agent Stephanie Clauson (815) 467-1583

    Listing date Dec 17, 2025

    Copyright © 2025 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.

    Overview

    High-Visibility Commercial Building in Oak Forest

    This 1,450 square-foot all-brick commercial building is located on a high-traffic street in Illinois, with over 37,000 vehicles passing daily. The property is zoned C-3, making it suitable for a wide range of commercial or mixed-use developments, including cannabis dispensaries and lounges without additional city approval. Currently operating as a hair salon and day spa, the building is easily convertible for retail, office, medical, or mixed-use purposes. Recent upgrades include a new commercial furnace (2023), a new hot water tank, and upgraded lighting throughout. The property includes dual free-standing signage to maximize visibility. Situated on a 17,000+ square-foot lot, the property features 38 on-site parking spaces. The property is eligible for Oak Forest's TIF & Facade Improvement Programs, offering access to tax incentives and improvement grants. It is also located in the Cal Sag Enterprise Zone, which qualifies the new owner for sales tax abatement on building materials, a 50 percent abatement of the municipal portion of real estate taxes for five years on the added value created by the project, and a 50 percent discount on local building permits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Patti G's Salon ... Beauty Salon Dennis's Chair Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7373817
    Latitude
    41.6168449

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    FAQs

    What type of property is this?
    Retail space - Standalone commercial building with high traffic exposure and development potential.
    Where is this retail space located?
    The property is located at 15126 Cicero Ave Oak Forest, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - High-visibility location with over 37,000 vehicles passing daily; - Zoned C-3, permitting various commercial or mixed-use developments, including cannabis dispensaries and lounges; - Eligible for Oak Forest's TIF & Facade Improvement Programs and Cal Sag Enterprise Zone benefits
    (708) 326-2955
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    Oak Forest, IL 60452
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    Realmo Value Estimation

    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.

    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.

    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
    15126 Cicero Ave Oak Forest, IL 60452
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