2120 Cicero AveCicero, IL 60804

This exceptional 1.7-acre mixed-use portfolio in Cicero, IL, presents a compelling investment opportunity. The property comprises two addresses: 2100-2124 S Cicero Ave and 2101-2125 S Cicero Ave. The first location features a well-established Mexican restaurant (30+ years in operation), including its fixtures, furniture, and equipment (FF&E), and liquor license, along with five apartments (one two-bedroom/one-bath and four three-bedroom/one-bath units) and seven additional retail spaces. The second location is a large, gated parking lot offering 107 spaces. The entire portfolio boasts 152 parking spaces, including a two-car garage. Individual HVAC systems and an outdoor entertainment area enhance the property's appeal. The buildings, constructed in 1916 and 1973, are situated on a C-2 Central Commercial zoned lot, offering flexibility for redevelopment. The portfolio's prime location along Cicero Avenue (Highway 50), a major thoroughfare, and its adjacency to the Cicero CTA Pink Line make it ideal for a transit-oriented development (TOD). With a total of 37,082 square feet, 22,295 square feet of net rentable space, and 12 units, the property currently enjoys 91.66% occupancy, generating a NOI of $315,656 and a pro-forma NOI of $335,627. The asking price is $4,500,000, representing a cap rate of 7.01% and a pro-forma cap rate of 7.46%. The property's strong cash flow, redevelopment potential, and strategic location make it an attractive investment for owner-users seeking redevelopment opportunities. The portfolio may be purchased as a whole or individually. The property offers 300 feet of frontage along Cicero Avenue, with high daily traffic volume (38,000 cars/day). This is a rare chance to acquire a significant mixed-use asset in a growing Chicago suburb with over 818,000 residents within a 5-mile radius and convenient access to I-290 and I-55.