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    9267 Cicero Ave Oak Lawn, IL 60453

    Sponsored
    For Sale
    $2,900,000

    High-traffic location, 3,280 sq ft, 65 parking spaces.

    Property size:
    3,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,280-square-foot freestanding restaurant building, situated on a high-traffic intersection in Oak Lawn, Illinois, presents a lucrative investment opportunity. Located at 9267 S Cicero Ave, this C-2 zoned property boasts a substantial 46,865-square-foot lot and ample parking for 65 vehicles. The building features a fully equipped commercial kitchen with a large hood system, perfect for a quick-service restaurant or full-service eatery. Two ADA-compliant restrooms are also included. The property's prime location at the intersection of Cicero Avenue and Southwest Highway ensures high visibility and accessibility to a dense residential population with high disposable income. This second-generation space offers significant growth potential, with the possibility of obtaining a liquor and gaming license, both permitted under the current zoning. The asking price is $2,900,000, translating to $884.15 per square foot. This turnkey operation is ideal for established restaurant chains or ambitious entrepreneurs seeking a thriving location in a bustling community. The property's parcel numbers are 24-03-306-005-0000 and 24-03-306-008-0000. This is a rare opportunity to acquire a well-positioned, established restaurant space in a prime Cook County location.

    Property Features for 9267 Cicero Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,280 SF

    Building Details

    Stories
    1

    HighLights

    • $2,900,000 asking price for a 3,280 sq ft retail property.
    • Located at 9267 S Cicero Ave, Oak Lawn, IL 60453, on a busy intersection.
    • Features a 3,280 sq ft building on a 46,865 sq ft lot with 65 parking spaces.
    • C‑2 zoning permits liquor and gaming licenses.
    • Includes a large commercial kitchen, large hood, and two ADA‑compliant restrooms.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7405764
    Latitude
    41.7241254

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 3,280 sq ft, 65 parking spaces.
    Where is this individual retail property located?
    The property is located at 9267 Cicero Ave Oak Lawn, IL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: $2,900,000 asking price for a 3,280 sq ft retail property.; Located at 9267 S Cicero Ave, Oak Lawn, IL 60453, on a busy intersection.; Features a 3,280 sq ft building on a 46,865 sq ft lot with 65 parking spaces.
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    Realmo Value Estimation

    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.

    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.

    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
    9267 Cicero Ave Oak Lawn, IL 60453
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