Storefront Retail with Rear
15530 Cicero Avenue Oak Forest, IL 60452
For Sale
$400,000
Leased storefront with over 2,000 SF plus additional rear space, supported by a two-car garage and an oversized lot.
Days on Market298
Property Features for 15530 Cicero Avenue
General Information
Standard status
Active
Property subtype
Business Opportunity
Listing Agency:
RE/MAX 10
(708) 857-1500
Listed By:
Valentina Hatzelis · License #471004666
(708) 857-1500
Source:
Birdrealtysells
Added: Oct 6, 2025
Changed: Jul 29
Last Checked: Jul 29 at 1:58PM
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 RE/MAX 10
Investment Insights
Based on property information with market context.
This storefront retail property features over 2,000 SF of frontage space, with additional space located in the rear. A two-car garage provides extra work space and/or storage, supporting a range of tenant and operational needs.
The property sits on an oversized lot on Cicero Avenue with a depth of 283 feet. The rear space and larger lot configuration can also support plans for additional parking or private events, subject to applicable requirements.
The storefront is currently leased. Please do not contact employees; call with questions and to coordinate next steps.
The property sits on an oversized lot on Cicero Avenue with a depth of 283 feet. The rear space and larger lot configuration can also support plans for additional parking or private events, subject to applicable requirements.
The storefront is currently leased. Please do not contact employees; call with questions and to coordinate next steps.
Key Highlights
- Over 2,000 SF of storefront space with additional rear space
- Storefront currently leased
- 283‑feet‑deep oversized lot on Cicero Avenue
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $21.60 |
| − Vacancy | −$3.5k | −$1.77 |
| EGI | $39.7k | $19.83 |
| − OpEx | −$11.9k | −$5.95 |
| NOI | $27.8k | $13.88 |
2,000 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$396.6K
$347.0K – $462.7K
NOI $27,760 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.5K
$604.2K – $805.6K
NOI $48,336 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Catherine's Gardens — 15146 S Cicero Ave, Oak Forest, IL 60452
Frequently Asked Questions
What type of property is this?
Storefront property - Leased storefront with over 2,000 SF plus additional rear space, supported by a two-car garage and an oversized lot.
Where is this storefront property located?
The property is located at 15530 Cicero Avenue Oak Forest, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Over 2,000 SF of storefront space with additional rear space; Storefront currently leased; 283‑feet‑deep oversized lot on Cicero Avenue
