Versatile Commercial Property on Cicero
For Sale
$1,999,000
3632-52 N Cicero Avenue, Chicago, IL 60641
15,900 SF property with office, warehouse, and automotive space.
Property Size15,900 SF
Lot Size0.60 Acres
Price / SF$125.72
Days on Market224
Property Features for 3632-52 N Cicero Avenue
General Information
Standard status
Active
Size
15,900 SF
Lot size
0.60 Acres
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$39,275
Building Details
Building Size
15,900 SF
Listing Agency:
Strauss Realty Ltd
Listed By:
Adam Schneiderman · License #475149601
(773) 736-3600
Source:
Cnetproperties
Added: Feb 23
Changed: Sep 24
Last Checked: Oct 4 at 2:09PM
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 Strauss Realty Ltd
Investment Insights
Based on property information with market context.
This commercial property is located just north of the intersection of Cicero Avenue and Addison Street. The property consists of three contiguous buildings totaling approximately 15,900 square feet, offering a mix of office, showroom, warehouse, and automotive bay space. The site includes 10,000 square feet of private on-site parking, with two additional free city parking lots within a four-minute walk. The location offers visibility and access. The site is suitable for a car wash, detailing, fleet, or automotive service user. Flexible configurations allow a user to lease one, two, or all three buildings. An optional 23' x 11' rooftop billboard provides branding visibility for tenants. The zoning allows for a range of development options including retail, restaurant, or event space. The 210'x125' site offers corner exposure within an active redevelopment corridor, with 210' of frontage along Cicero Avenue. Traffic counts reach 31,500 vehicles per day. The location provides access to I-90/94 and is approximately 9 miles from downtown Chicago.
Key Highlights
- High‑visibility location on Cicero Avenue with 210' of frontage and traffic counts of 31,500 vehicles per day.
- Versatile 15,900 SF property with office, showroom, warehouse, and automotive bay space.
- 10,000 SF of private on‑site parking, plus two free city parking lots nearby.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,437
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,408,740
$2.4M
Cap Rate 7%
$1,720,529
$1.7M
Cap Rate 9%
$1,338,189
$1.3M
Market Conditions
NOI Build-Up for 15,900 SF
Gross rent
$149.9K $9.43/SF
− Vacancy
−$8.2K −$0.52/SF
EGI
$141.7K $8.91/SF
− OpEx
−$21.3K −$1.34/SF
NOI
$120.4K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,408,740
Cap Rate 7%
$1,720,529
Cap Rate 9%
$1,338,189
Alternative Uses
Best Use
Office B
$4.87M
$4.26M – $5.69M
NOI $341,150 @ 7.0% cap · market cap 17.07%
Second Best
Retail
$3.14M
$2.75M – $3.67M
NOI $219,973 @ 7.0% cap · market cap 11.00%
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $524,776 @ 7.0% cap · market cap 26.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail property - 15,900 SF property with office, warehouse, and automotive space.
Where is this retail property located?
The property is located at 3632-52 N Cicero Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: High‑visibility location on Cicero Avenue with 210' of frontage and traffic counts of 31,500 vehicles per day.; Versatile 15,900 SF property with office, showroom, warehouse, and automotive bay space.; 10,000 SF of private on‑site parking, plus two free city parking lots nearby.
