Building Details

Year Built 1976

Buildings 1

Construction brick

Listing Agency: Sperry Van Ness

Listed By: Derek Gonsch · License #475192105 Show Phone

Source: Illianahomesource

Added: Oct 29 Changed: Nov 1 Last Checked: Nov 1 at 4:58AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Van Ness

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Investment Insights

Based on property information with market context.

This 2,106-square-foot brick retail building was constructed in 1976 and is arranged with modular storefronts. The flat roof was redone in 2026, and the parking lot was restriped that year. On-site parking includes 20 spaces and 1 disabled parking space.

The property fronts Cicero Ave and has access to the main road. A marquee sign is positioned for visibility from the stoplight corner.

Key Highlights

• 2,106‑square‑foot brick retail building with modular storefronts
• 20 parking spaces plus 1 disabled parking space
• Flat roof redone in 2026; parking lot restriped in 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,232

Cap Rate

6.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$584,640 $584.6K

Cap Rate 7%

$417,600 $417.6K

Cap Rate 9%

$324,800 $324.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,106 SF

Gross rent

$45.5K $21.60/SF

− Vacancy

−$3.7K −$1.77/SF

EGI

$41.8K $19.83/SF

− OpEx

−$12.5K −$5.95/SF

NOI

$29.2K $13.88/SF

Area

Cook County, IL

Vacancy

8.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$584,640

Cap Rate 7%

$417,600

Cap Rate 9%

$324,800

Alternative Uses

Best Use

Retail

$417.6K

$365.4K – $487.2K (±1% cap)

NOI $29,232 @ 7.0% cap · market cap 6.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$727.1K

$636.2K – $848.3K (±1% cap)

NOI $50,897 @ 7.0% cap · market cap 11.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Slay Station Hair Salon Tax Centers of America Tax Preparation ShadySnobs Beauty Bar Hair Salon

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

676

Businesses Nearby

42k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 50%

Thorntons Shops & Services

14,757 visits/mo 0.3 miles

White Castle Dining

13,374 visits/mo 0.4 miles

SUBWAY Dining

4,571 visits/mo 0.5 miles

Los Burritos Dining

3,164 visits/mo 0.5 miles

Take 5 Oil Change Shops & Services

3,026 visits/mo 0.5 miles

Demographics for 60452, IL

27,363

Population

10,557

Households

2.6

Avg Household Size

40

Median Age

30%

College-Educated

92%

High-School Grad

8.6 sq mi

ZIP Area

3,182

Density / Sq Mi

$89,167

Median Household Income

$47,519

Median Earnings

$1,287

Median Rent

$249,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Catherine's Gardens — 15146 S Cicero Ave, Oak Forest, IL 60452
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Frequently Asked Questions

What type of property is this?

Storefront property - Brick construction and multiple storefronts support a flexible retail layout.

Where is this storefront property located?

The property is located at 15120 Cicero Ave Oak Forest, IL.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2,106‑square‑foot brick retail building with modular storefronts; 20 parking spaces plus 1 disabled parking space; Flat roof redone in 2026; parking lot restriped in 2026