Cicero Avenue Retail
For Sale
$3,360,000
7455 S Cicero Ave, Chicago, IL 60629
Retail space available for sale on Cicero Avenue.
Property Size20,862 SF
Price / SF$161.06
Days on Market194
Property Features for 7455 S Cicero Ave
General Information
Standard status
Active
Size
20,862 SF
Property subtype
Retail
Building Details
Building Size
20,862 SF
Year Renovated
2020
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Steven Silverman
(248) 760-7633
Source:
Friedmanrealestate
Added: Mar 26
Changed: Oct 1
Last Checked: Oct 4 at 7:41AM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
This commercial property, located on Cicero Avenue, offers a retail space encompassing 20862 square feet. The property is suitable for retail use.
Key Highlights
- Retail space available for sale.
- Located on Cicero Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,622
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,772,440
$5.8M
Cap Rate 7%
$4,123,171
$4.1M
Cap Rate 9%
$3,206,911
$3.2M
Market Conditions
NOI Build-Up for 20,862 SF
Gross rent
$450.6K $21.60/SF
− Vacancy
−$38.3K −$1.84/SF
EGI
$412.3K $19.76/SF
− OpEx
−$123.7K −$5.93/SF
NOI
$288.6K $13.83/SF
Area
ZIP 60629
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,772,440
Cap Rate 7%
$4,123,171
Cap Rate 9%
$3,206,911
Alternative Uses
Best Use
Retail
$4.12M
$3.61M – $4.81M
NOI $288,622 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$18.71M
$16.38M – $21.83M
NOI $1,310,031 @ 7.0% cap · market cap 38.99%
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
654
Businesses Nearby
441k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 39%
Superstores 16%
Electronics 14%
Leisure 10%
Costco Wholesale
Superstores
70,318 visits/mo
0.5 miles
Kohl's
Apparel
67,689 visits/mo
0.5 miles
Best Buy
Electronics
60,349 visits/mo
0.4 miles
AMC Ford City 14
Leisure
45,894 visits/mo
0.4 miles
JCPenney
Apparel
45,521 visits/mo
0.2 miles
Demographics for 60629, IL
114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale on Cicero Avenue.
Where is this retail space located?
The property is located at 7455 S Cicero Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,360,000.
What are key features of this property?
This property features: Retail space available for sale.; Located on Cicero Avenue.
