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    16710-16900 S Cicero Ave Oak Forest, IL 60452

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    For Sale
    $2,500,000

    Commercial land with potential for various developments near I-57.

    Lot size:
    6.60 Acres

    Property Features for 16710-16900 S Cicero Ave

    General Information

    Lot size
    6.60 Acres

    Source: Colliers | Chicago Rosemont Agent Anne Dempsey

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

    Overview

    6.60 Acre Commercial Land Site

    This 6.60-acre land site presents opportunities for multifamily, townhome, self-storage, retail, or industrial development. The parcel is suitable for commercial development, featuring frontage on Cicero Avenue. It benefits from strong population demographics, with over 85,020 people residing within a 3-mile radius and over 217,822 within a 5-mile radius. The location is one block from a full interchange of I-57.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.73663
    Latitude
    41.5881775

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    FAQs

    What type of property is this?
    Land - Commercial land with potential for various developments near I-57.
    Where is this land located?
    The property is located at 16710-16900 S Cicero Ave Oak Forest, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Excellent location: One block from I-57 full interchange.; - High-potential commercial development site with frontage on Cicero.; - Large 6.60 acre parcel.
    (847) 989-8359
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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
    16710-16900 S Cicero Ave Oak Forest, IL 60452
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