5902 W 35th St, Cicero, IL 60804

Building Details

Construction brick More

Listing Agency: Edgemark Commercial Real Estate Services, LLC Show Phone

Listed By: Jeffrey J. Kowal Show Phone

Source: Moodyscre

Added: Jul 30 Changed: Oct 11 Last Checked: Nov 10 at 8:55AM

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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 Edgemark Commercial Real Estate Services, LLC

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Investment Insights

Based on property information with market context.

This 2,623-square-foot medical office property at 5902 W 35th St in Cicero features all-brick construction and a layout formerly used as a dental office for 35 years. The interior includes two restrooms and a gas fireplace in the front reception area. A heated rear garage and rear entry door add functional support space.

The property has a white-coated roof installed in 2008 and a 3 Ton furnace and HVAC system added in 2019. Electrical service is rated at 400 AMP and 220 Volts. The rear garage door was installed in 2019, and tuck-pointing was completed in 2024. Commercial zoning supports the property’s current office classification.

Key Highlights

• 2,623‑square‑foot medical office property in Cicero
• Former dental office occupied for 35 years
• All‑brick construction with two restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,393

Cap Rate

8.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$747,860 $747.9K

Cap Rate 7%

$534,186 $534.2K

Cap Rate 9%

$415,478 $415.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,623 SF

Gross rent

$69.2K $26.40/SF

− Vacancy

−$19.4K −$7.39/SF

EGI

$49.9K $19.01/SF

− OpEx

−$12.5K −$4.75/SF

NOI

$37.4K $14.26/SF

Area

Cook County, IL

Vacancy

28.00%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$747,860

Cap Rate 7%

$534,186

Cap Rate 9%

$415,478

Alternative Uses

Best Use

Office B

$534.2K

$467.4K – $623.2K (±1% cap)

NOI $37,393 @ 7.0% cap · market cap 8.80%

Second Best

Healthcare Medical

$496.4K

$434.4K – $579.2K (±1% cap)

NOI $34,750 @ 7.0% cap · market cap 8.18%

Theoretical Best

Office A

$1.01M

$881.3K – $1.18M (±1% cap)

NOI $70,506 @ 7.0% cap · market cap 16.59%

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

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Restaurant Skin Care Clinic Dental Office

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

613

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 60804, IL

85,673

Population

26,738

Households

3.2

Avg Household Size

32

Median Age

11%

College-Educated

68%

High-School Grad

7.1 sq mi

ZIP Area

12,067

Density / Sq Mi

$68,548

Median Household Income

$36,786

Median Earnings

$1,121

Median Rent

$236,000

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Cook County, IL

$197 Jul

$199 Aug

$202 Sep

$206 Oct

Properties on Market for Medical Office Space in Cook County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Former dental practice with updated mechanical systems, two restrooms, and commercial zoning in Cicero.

Where is this medical office space located?

The property is located at 5902 W 35th St Cicero, IL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 2,623‑square‑foot medical office property in Cicero; Former dental office occupied for 35 years; All‑brick construction with two restrooms