7455 S Cicero Ave, Chicago, IL 60629
Retail space available for sale on Cicero Avenue.
- Added:
- Jan 23, 2025
- Days on Market:
- 529
- Last Refresh:
- May 12 at 9:24 pm
Property Features for 7455 S Cicero Ave
General Information
- Standard status
- Active
- Size
- 20,862 SF
- Property subtype
- Retail
Listing office Friedman Real Estate IL LLC (847) 682-5024
Listing date Jan 23, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Friedman Real Estate IL LLC
HighLights
- Retail space available for sale.
- Located on Cicero Avenue.
Overview
Local Financial Insights For Retail
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 | $450.6k | $21.60 |
| − Vacancy | −$38.3k | −$1.84 |
| EGI | $412.3k | $19.76 |
| − OpEx | −$123.7k | −$5.93 |
| NOI | $288.6k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7373418
- Latitude
- 41.7584224
