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    15541 Cicero Ave Oak Forest, IL 60452

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    For Lease
    $35 SF/Yr ($8,082 /Mo)

    New construction retail building with drive-thru in Oak Forest.

    Property size:
    2,771 SF
    Lot size:
    0.69 Acres

    Property Features for 15541 Cicero Ave

    General Information

    Size
    2,771 SF
    Lot size
    0.69 Acres

    Source: Strauss Realty, Ltd. Agent Craig Wolf

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

    Overview

    New Retail Building with Drive-Thru

    This is a new construction, freestanding retail building offering 5,000 square feet of space with drive-thru capability. The property includes an 18-car parking lot and features 100 feet of frontage on the corner of South Cicero Avenue and 156th Street. The location benefits from high traffic, with over 25,400 vehicles per day traveling along Cicero Avenue. The building is part of a new mixed-use development that includes six new construction townhome buildings with a total of 32 residential units being built next door. Additionally, multiple E8 properties are under construction nearby, adding over 300 new residential units to the area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7360083
    Latitude
    41.6090125

    Nearby Similar for Lease

    • $13 SF/Yr
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      Oak Forest Commercial Lease Opportunity

      10,000 sq ft building on 2+ acres for lease.
      5333 W 151St St, Oak Forest, IL 60452
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    • $13 SF/Yr
      94,525 SF

      Oak Forest Commercial Lease Opportunity

      10,000 SF building on 2+ acres for lease.
      5333 W 151St St, Oak Forest, IL 60452
      View Details
    • $13 SF/Yr
      94,525 SF

      Oak Forest Commercial Lease Opportunity

      10,000 sq ft building ideal for non-profit organizations.
      5333 W 151St St, Oak Forest, IL 60452
      View Details
    • Contact for pricing
      13,908 SF

      Scarborough Fare Retail Complex

      Oak Forest, IL retail space available
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    • $30 SF/Yr
      2,109 SF

      Retail Space on Cicero Avenue

      Retail space with high exposure near transportation and amenities.
      4800 157Th St, Oak Forest, IL 60452
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    • Contact for pricing
      1,600 SF

      Retail Space on Central Avenue

      Prime retail space with high visibility and traffic exposure.
      5560 159Th St, Oak Forest, IL 60452
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    FAQs

    What type of property is this?
    Retail space - New construction retail building with drive-thru in Oak Forest.
    Where is this retail space located?
    The property is located at 15541 Cicero Ave Oak Forest, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location with over 25,400 vehicles per day.; - New construction 5,000 SF freestanding retail building with drive-thru capability.; - **100' of frontage on the corner of S. Cicero Ave. & 156th St.**
    (847) 989-9653
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    15541 Cicero Ave Oak Forest, IL 60452
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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
    15541 Cicero Ave Oak Forest, IL 60452
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