Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7300 N Cicero Ave, Unit 202-B Lincolnwood, IL 60712

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Lincolnwood, IL

    Type:Office
    Property size:
    394 SF
    Lot size:
    0.57 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 11 at 1:06 am

    Property Features for 7300 N Cicero Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    394 SF
    Lot size
    0.57 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Floors in Building
    2

    We can help!

    Listing Contact
    Samantha Cothern

    Exit Strategy Realty (312) 493-0920

    Listing agent Samantha Cothern (847) 401-7974

    Listing date Feb 10, 2026

    MLS# 12565591

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Space in Lincolnwood

    This newly remodeled office building is conveniently located off I-94 at the Touhy exit in Lincolnwood, IL. The available suite offers 394 square feet of space and includes a window with southern exposure. The building provides 24-hour access. Rent is $750.00 per month. Amenities include access to a common conference room, free WiFi throughout the building, and a common area with a kitchenette. Free parking is available on the rear and side of the building, with additional private parking also available. A sign slot is available in front of the building. The lot size is 0.57 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnwood
    County
    McLean
    State
    Illinois
    Longitude
    -87.731
    Latitude
    42.0082

    Nearby Similar for Lease

    • Contact for pricing
      41,216 SF

      Lincolnwood Retail Space For Lease

      Large Single-Tenant Retail Building in Lincolnwood
      6840 Mccormick Blvd, Lincolnwood, IL 60712
      View Details
    • Contact for pricing
      229,540 SF

      Lincolnwood Office & Warehouse Space

      Flexible office & warehouse space in Lincolnwood, IL.
      7080 Mccormick Blvd, Lincolnwood, IL 60712
      View Details
    • Contact for pricing
      26,192 SF

      Lincolnwood Retail Center Opportunity

      Devon & Crawford Ave - 2,900 SF Available
      3934 Devon Ave, Lincolnwood, IL 60712
      View Details
    • $20 SF/Yr
      49,432 SF

      Lincolnwood Office Building for Lease

      Prime Lincolnwood Office Space, Multiple Suites Available
      4433 Touhy Ave, Lincolnwood, IL 60712
      View Details
    • Contact for pricing
      3,727 SF

      Renovated Creative Loft Office Space

      Newly renovated office space with city finishes and an urban feel.
      7250 N Cicero Ave, Lincolnwood, IL
      View Details
    • $6 SF/Yr
      71,000 SF

      Lincolnwood Corporate Center Office Space

      71,000 SF Office Building, Multiple Tenants
      7301 Lincoln Ave, Lincolnwood, IL 60712
      View Details
    • Contact for pricing
      9,959 SF

      Retail Space in Lincolnwood

      Grocery-anchored mixed-use development with retail and apartment units.
      4500 W Touhy Ave, Lincolnwood, IL
      View Details
    • Contact for pricing
      1,539 SF

      Retail Space at Lighted Intersection

      Retail space available at a lighted intersection near Bryn Mawr.
      3934-3950 W Devon Ave, Lincolnwood, IL
      View Details
    • $26 SF/Yr
      1,143 SF

      Retail Space in Lincolnwood Center

      Prime retail spaces available for lease in Lincolnwood, IL.
      4700-4722 W Touhy Ave, Lincolnwood, IL
      View Details

    FAQs

    What type of property is this?
    Office space - Newly remodeled office space with 24-hour access and free parking.
    Where is this office space located?
    The property is located at 7300 N Cicero Ave, Unit 202-B Lincolnwood, IL.
    What are key features of this property?
    This property features: - Convenient location right off I-94 at Touhy exit.; - Newly remodeled office building with 24-hour access.; - Rent is $750.00/month.
    (312) 427-3505
    Request Owner's contact information
    7300 N Cicero Ave, Unit 202-B Lincolnwood, IL 60712
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7300 N Cicero Ave, Unit 202-B
    Lincolnwood, IL 60712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7300 N Cicero Ave, Unit 202-B Lincolnwood, IL 60712
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Samantha Cothern
    (312) 427-3505
    Learn more
    Google sign-in failed. Please try again or use another login method.