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Shadow-Anchored Retail Center Opportunity
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15417-15427 Cicero Avenue, Oak Forest, IL 60452

Approximately 8,220-square-foot retail building with four tenants and available inline space, shadow-anchored by Aldi.

Property SizeContact for details
Days on Market122

Property Features for 15417-15427 Cicero Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: Marcus & Millichap - Chicago Oak Brook
Listed By: Steven Weinstock · License #IL 471011175
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 9:19PM

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 Marcus & Millichap - Chicago Oak Brook

Investment Insights

Based on property information with market context.

The property includes an approximately 8,220-square-foot retail building situated on about 0.65 acres. The center is currently leased to four tenants and offers about 2,660 square feet of available space. The site is shadow-anchored by Aldi, supporting an established retail environment for ongoing activity and potential repositioning.

Located along Cicero Avenue in Oak Forest, the property is adjacent to Aldi on a hard-signalized intersection of 155th St and Cicero Ave. Cicero Avenue has traffic counts of roughly over 22,700 vehicles per day, providing consistent regional exposure.

This value-add for sale opportunity is also noted as being located in a TIF District in Oak Forest.

Key Highlights

  • Approximately 8,220 SF retail building on 0.65 acres of land in Oak Forest, IL
  • Leased to four tenants with 2,660 SF of available inline space for an investor or owner user
  • Shadow‑anchored by Aldi and located along Cicero Ave at the hard‑signalized intersection of 155th St and Cicero Ave

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store Kitchen & Bath Showroom Dental Office Garden Center

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

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 52% Dining 48%
Beggars Pizza Dining
11,202 visits/mo 0.2 miles
Dollar General Shops & Services
6,932 visits/mo 0.5 miles
Fifth Third Bank & ATM Shops & Services
2,772 visits/mo 0.1 miles
Marathon Shops & Services
2,293 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

  • Oak Forest Shopping Center 5209 159th St, Oak Forest, IL 60452

Frequently Asked Questions

What type of property is this?
Shopping center - Approximately 8,220-square-foot retail building with four tenants and available inline space, shadow-anchored by Aldi.
Where is this shopping center located?
The property is located at 15417-15427 Cicero Avenue Oak Forest, IL.
What are key features of this property?
This property features: Approximately 8,220 SF retail building on 0.65 acres of land in Oak Forest, IL; Leased to four tenants with 2,660 SF of available inline space for an investor or owner user; Shadow‑anchored by Aldi and located along Cicero Ave at the hard‑signalized intersection of 155th St and Cicero Ave
(630) 570-2250 Call to check price and availability
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