Add Listing
    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

    11017 S Cicero Ave Oak Lawn, IL 60453

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,500 SF restaurant on 13,411 SF lot for lease.

    Property size:
    2,400 SF
    Lot size:
    0.31 Acres

    Property Features for 11017 S Cicero Ave

    General Information

    Size
    2,400 SF
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Jonathan Hyman
    Source: Moodyscre

    Listing Agent: Jonathan Hyman

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

    Learn more

    Overview

    Free-Standing Restaurant on Cicero Avenue

    This property features a 2,500-square-foot free-standing fast-food restaurant situated on a 13,411-square-foot lot. The property includes single-tenant pole signage and multiple points of ingress and egress. It is located on the busy Cicero Avenue corridor.
    Location Intelligence

    Current Use by Public Records

    Arby's Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7393994
    Latitude
    41.6919362

    Nearby Similar for Lease

    • Contact for pricing

      Bridgeview Freestanding Commercial Building

      11,263 SF freestanding building in Bridgeview's business district.
      7020 W 79Th St, Bridgeview, IL 60455
      View Details
    • Contact for pricing

      Oak Lawn Retail Space Available

      Freestanding retail space in Oak Lawn's premier retail corridor.
      5420 W 95Th St, Oak Lawn, IL 60453
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space Near Chicago Ridge

      Retail space available near Chicago Ridge Regional Mall.
      6762 95Th St, Oak Lawn, IL 60453
      View Details
    • $18 SF/Yr

      Oak Lawn Commercial Space Available

      650 SF commercial space at a high-traffic Oak Lawn location.
      4608 W 103Rd St, Oak Lawn, IL 60453
      View Details
    • Contact for pricing

      Bridgeview Industrial Facility with Rail

      93,145 SF industrial facility with rail access and office.
      7700 South 78Th Ave, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      93,145 SF

      Bridgeview Industrial Facility with Rail

      93,145 SF industrial space with rail access and ample parking.
      7700 South 78Th Ave, Bridgeview, IL 60455
      View Details
    • Contact for pricing
      75,385 SF

      Bridgeview Industrial Facility with Rail

      75,385 SF industrial facility with office space and rail access.
      7723 South 78Th Ave, Bridgeview, IL 60455
      View Details
    • $24 SF/Yr

      High-Visibility Retail Center For Rent

      Multi-tenant retail center with high visibility and ample parking.
      7524 W 103Rd St, Bridgeview, IL 60455
      View Details
    • Contact for pricing

      Bridgeview Industrial Facility with Rail

      75,385 SF industrial facility with rail access.
      7723 South 78Th Ave, Bridgeview, IL 60455
      View Details
    • $18 SF/Yr

      Executive Office Building with Luxury

      Two-story office building with unique executive amenities and convenient location.
      9735 Industrial Dr, Bridgeview, IL 60455
      View Details
    • Contact for pricing

      Medical Office Near Advocate Christ

      Office space one block from Advocate Christ Medical Center.
      4457 Southwest Hwy, Oak Lawn, IL 60453
      View Details
    • Contact for pricing
      217,873 SF

      Renovated Bridgeview Industrial Space

      184,017 SF manufacturing/distribution space with heavy power, immediate occupancy.
      7830 West 71St St, Bridgeview, IL 60455
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 2,500 SF restaurant on 13,411 SF lot for lease.
    Where is this drive through restaurant located?
    The property is located at 11017 S Cicero Ave Oak Lawn, IL.
    What are key features of this property?
    This property features: - Located on busy Cicero Ave corridor; - 13,411 sf of land; - 2,500 sf free-standing fast-food restaurant
    (224) 365-8144 Call to check price and availability
    Request Owner's contact information
    11017 S Cicero Ave Oak Lawn, IL 60453
    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.
    11017 S Cicero Ave
    Oak Lawn, IL 60453
    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
    11017 S Cicero Ave Oak Lawn, IL 60453
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Hyman
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!