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High-Traffic Shopping Center
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8720 South Cicero Avenue, Oak Lawn, IL 60453

Shopping center positioned at a heavily trafficked intersection serving a dense surrounding trade area.

Space Size3,009 SF - 13,068 SF
Days on Market11

Property Features for 8720 South Cicero Avenue

General Information

Standard status Active
Size 3,009 SF - 13,068 SF
Property subtype Retail

Spaces For Lease

at 8720 South Cicero Avenue Contact us

28

Size
13,068 SF
Type
Retail
Availability
Available
PAD
Contact us

11-12

Size
7,500 SF
Availability
Available
Contact us

22

Size
3,009 SF
Type
Retail
Availability
Available
Contact us

23

Size
3,540 SF
Type
Retail
Availability
Available
Contact us

24

Size
3,544 SF
Type
Retail
Availability
Available
Contact us
Listing Agency: CBRE | Chicago
Listed By: Sean McCourt
Source: Cbre
Added: Aug 23 Changed: Aug 30 Last Checked: Sep 1 at 3:25PM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This shopping center is positioned within a major regional retail corridor at a heavily trafficked intersection. The property serves a dense surrounding trade area, with nearly 180,000 people located within 3 miles.

The intersection records 58,400 VPD, providing a measurable traffic base for the surrounding retail environment. The property is located at 8720 South Cicero Avenue in Oak Lawn, Illinois.

Key Highlights

  • 58,400 VPD at a heavily trafficked intersection
  • Nearly 180,000 people within 3 miles
  • Located in a major regional retail corridor

Property Analytics

Current Use

Crazy Daily Deals Discount Store Market Place Shopping Center & Mall

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Building Supply Nail Salon

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

839
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 57% Shops & Services 43%
Thorntons Shops & Services
32,343 visits/mo 0.4 miles
McDonald's Dining
31,321 visits/mo 0.3 miles
Hooters Dining
18,449 visits/mo 0.5 miles
Panda Express Dining
15,848 visits/mo 0.2 miles
Denny's Dining
14,186 visits/mo 0.5 miles

Demographics for 60453, IL

58,362
Population
23,115
Households
2.5
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
6,866
Density / Sq Mi
$82,493
Median Household Income
$48,810
Median Earnings
$1,310
Median Rent
$267,900
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center positioned at a heavily trafficked intersection serving a dense surrounding trade area.
Where is this shopping center located?
The property is located at 8720 South Cicero Avenue Oak Lawn, IL.
What are key features of this property?
This property features: 58,400 VPD at a heavily trafficked intersection; Nearly 180,000 people within 3 miles; Located in a major regional retail corridor
More about this property
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