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    16224 Cicero Ave Oak Forest, IL 60452

    For Sale
    $550,000

    Prime development site on Cicero Ave with high traffic counts.

    Property size:
    40,250 SF
    Lot size:
    40.00 Acres

    Property Features for 16224 Cicero Ave

    General Information

    Size
    40,250 SF
    Lot size
    40.00 Acres

    Source: Derek Gonsch Agent Derek Gonsch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cicero Avenue Development Opportunity

    This development opportunity is located on Cicero Avenue in Oak Forest, across from the Oak Forest Health Center and Heritage Forest Preserve, and just north of the Midlothian Reservoir. The site benefits from high traffic counts, street visibility, and access via three curb cuts. The 0.92-acre (40,250 SF) site, currently consisting of grass and gravel, is fenced with chain link. All utilities are available to the site. The property has 350 feet of frontage on Cicero Avenue. It is located half a mile south of the 159th/Cicero intersection, on the west side of the street just north of 163rd Street, next to a mechanics shop, and has a residential neighborhood behind it. The location is near highways and train stations. The flexible zoning allows for a wide variety of business uses, including a car wash, tire/oil change facility, or gas station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7367082
    Latitude
    41.596373

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    FAQs

    What type of property is this?
    Commercial land - Prime development site on Cicero Ave with high traffic counts.
    Where is this commercial land located?
    The property is located at 16224 Cicero Ave Oak Forest, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - High traffic location on Cicero Ave with **350' frontage and excellent street visibility.**; - Flexible zoning allows for a wide variety of business uses (car wash, tire/oil change, gas station, etc.).; - Development renderings previously approved by the village are available.
    (708) 267-9988
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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
    16224 Cicero Ave Oak Forest, IL 60452
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