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    14700 Cicero Ave Midlothian, IL 60445

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    For Lease
    Contact for pricing

    Prime Midlothian Office Suites Available

    Lot size:
    73,000 SF

    Property Features for 14700 Cicero Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    73,000 SF
    Total Rate
    60833.33

    Spaces For Lease

    at 14700 Cicero Ave, Midlothian, IL 60445 Contact us
    Unit 14728 S. Cicero

    $10 /Mo

    Size
    7,295 SF
    Contact us
    Unit 14740 S. Cicero

    $10 /Mo

    Size
    1,800 SF
    Contact us
    Unit 4826 W. 148th

    $10 /Mo

    Size
    1,200 SF
    Contact us
    Unit 14736 S. Cicero

    $10 /Mo

    Size
    1,600 SF
    Contact us
    Unit 14720 Cicero

    $10 /Mo

    Size
    3,700 SF
    Contact us
    Unit 4816 W. 148th St

    $10 /Mo

    Size
    1,200 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Josh Budny
    Josh Budny

    Listing Agency: Network Commercial Real Estate Listing Agent: Josh Budny

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mid Oak Plaza, located at 14700 South Cicero Avenue in Midlothian, Illinois (zip code 60445), offers exceptional office space opportunities within a thriving commercial center. This 73,000 square foot property features six total suites, with multiple units currently available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,295 square feet. A total of 16,795 square feet is currently vacant, presenting a significant opportunity for businesses seeking immediate occupancy. The property's diverse tenant mix includes established businesses such as CFX, Walgreens, and Subway, ensuring high foot traffic and visibility. The presence of a fitness center (CFX) within the plaza further enhances the location's appeal and draws significant traffic. The property is classified as Retail, Office, and Restaurant, and is specifically subtyped as Executive Office, Commercial, Neighborhood Center, and Strip Center. This versatile space is ideal for a variety of businesses, although event or banquet spaces are not permitted. Situated in Cook County, Illinois, this location offers excellent accessibility and visibility. The property is perfect for businesses seeking a well-established location with strong existing tenants and high traffic volume. Interested parties should inquire about available suite sizes and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    White Castle Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Cook
    State
    Illinois
    Longitude
    -87.7376798
    Latitude
    41.6247487

    Nearby Similar for Lease

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      1,800 SF

      Retail Space with Excellent Traffic

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      55,000 SF

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      Dominant regional center with high traffic and dense population.
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      1,925 SF

      Regional Center Retail Space Available

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      21,911 SF

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Midlothian Office Suites Available
    Where is this neighborhood center located?
    The property is located at 14700 Cicero Ave Midlothian, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Office suites ranging from 1,200 to 7,295 square feet available.; High foot traffic due to strong existing tenants including CFX, Walgreens, and Subway.; CFX fitness center on-site drives significant traffic.
    (708) 873-5540 Call to check price and availability
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    Midlothian, IL 60445
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14700 Cicero Ave Midlothian, IL 60445
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh Budny
    Josh Budny
    Real Estate License ID: 471016557
    (708) 873-5540
    Learn more
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