Property profile

10220 Cicero Ave Oak Lawn, IL 60453

OFF-MARKET
Retail space
Property ID
US28-0982056
0.29 ac lot Built 1977
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional income-producing office building, located at 10220 S Cicero Ave in Oak Lawn, Illinois, presents a compelling investment opportunity. The property boasts a total of 4,500 square feet of office space, strategically situated on a sizable 18,000 square foot lot. The well-maintained two-story structure features two 1,100 square foot units on each floor, offering flexibility for various business needs. The building's attractive features include handsome exposed brick interior walls in the foyer and offices, enhancing its aesthetic appeal. A full/partially improved basement provides additional storage or expansion potential. Currently, the building enjoys a 3/4 occupancy rate with long-term tenants, ensuring a stable income stream. Its prime corner location at 102nd and Cicero benefits from high visibility and exceptional daily traffic exceeding 100,000 vehicles along Cicero Avenue. This property is ideal for both investors seeking a strong return and owner-operators looking for a well-established location. The asking price is $564,900. Oak Lawn's reputation as a thriving business community further enhances the investment potential of this property. Ample on-site parking adds to its convenience and appeal.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1977
Lot 0.29 ac (12,650 SF)
APN 24-09-413-022
UPID US28-0982056

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service
  • Dental Office
  • Dental Office
  • Construction Company General Contractor
  • Home Health Care Service Child Health Care Centre

Location

10220 Cicero Ave Oak Lawn, IL 60453-4082
Oak Lawn metro Census 822601 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2013
5 recorded transactions
2018
Price N/A
2013
$450,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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