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    20909-20939 S Cicero Ave Matteson, IL 60443

    For Sale
    $6,385,000

    Retail property with long-term leases and rent growth potential.

    Property size:
    36,646 SF
    Lot size:
    3.02 Acres

    Property Features for 20909-20939 S Cicero Ave

    General Information

    Size
    36,646 SF
    Lot size
    3.02 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Isaiah Harf

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

    Overview

    Renovated Retail Space with Planet Fitness

    This retail property features a new 12-year lease with a large Planet Fitness operator that has 93 locations. The property benefits from a long-term weighted average lease term with rent growth potential, exceeding 10 years. Recent renovations in 2025 include a brand new Planet Fitness space. The location offers immediate interstate access in a highly traveled retail corridor. It is also in close proximity to a new 885,000 square foot Amazon Fulfillment Center. The average household income within a 1-mile radius is $117,000.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

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

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

    Similar Places Nearby

    Lincoln, Matteson Town Center Shopping Mall, Mall Of India, Matteson,IL Cross Roads Plaza Shopping Mall, Lincoln Mall

    Location Insight

    • Map
    • Local Demand
    City
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.730786
    Latitude
    41.5086475

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    FAQs

    What type of property is this?
    Shopping center - Retail property with long-term leases and rent growth potential.
    Where is this shopping center located?
    The property is located at 20909-20939 S Cicero Ave Matteson, IL.
    What is the asking price?
    The asking price for this property is $6,385,000.
    What are key features of this property?
    This property features: - New 12 Year Lease with Large Planet Fitness Operator (93 Locations); - Proximity to New 885,000 SF Amazon Fulfillment Center; - Long-Term Weighted Average Lease Term with Rent Growth (10+ Years)
    (312) 240-0127
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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
    20909-20939 S Cicero Ave Matteson, IL 60443
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