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    16710 Cicero Ave Oak Forest, IL 60452

    Sponsored
    For Sale
    $2,500,000

    6.6 Acres, Prime Location, $2.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.6-acre commercial land parcel in Oak Forest, Illinois, presents a significant investment opportunity. Located at 16710-16900 S. Cicero Ave, this property boasts a highly desirable C2 – General Service Commercial District zoning, allowing for diverse development options. The site's strategic position, just one block from the full I-57 interchange, ensures excellent accessibility and high visibility. With substantial frontage on Cicero Avenue, the property offers ample space for a variety of commercial ventures, including potential uses such as a truck stop, multifamily housing, townhomes, self-storage facility, retail space, or industrial development. The strong population density in the surrounding area, with over 85,020 people within a 3-mile radius and more than 217,822 within a 5-mile radius, indicates significant market potential. The asking price is $2,500,000, and the land value is $8.70 per square foot. The property includes multiple APNs: 28-28-202-033, 28-28-202-011, 28-28-202-012, 28-28-202-013, 28-28-202-025, 28-28-202-026, and 28-28-202-027. This is a rare opportunity to acquire a large, well-located parcel ready for immediate development.

    Property Features for 16710 Cicero Ave

    General Information

    Property type
    Land
    Lot Size
    287,496 SF

    HighLights

    • 6.6‑acre commercial land parcel in Oak Forest, IL, ideal for various uses including truck stop, multifamily, townhomes, self‑storage, retail, or industrial development.
    • Excellent location with significant frontage on Cicero Avenue.
    • Strong demographics: 85,020+ residents within a 3‑mile radius and 217,822+ within a 5‑mile radius.
    • One block from the I‑57 full interchange, providing exceptional accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.736941917228
    Latitude
    41.588573000238

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 6.6 Acres, Prime Location, $2.5M
    Where is this land located?
    The property is located at 16710 Cicero Ave Oak Forest, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 6.6-acre commercial land parcel in Oak Forest, IL, ideal for various uses including truck stop, multifamily, townhomes, self-storage, retail, or industrial development.; Excellent location with significant frontage on Cicero Avenue.; Strong demographics: 85,020+ residents within a 3-mile radius and 217,822+ within a 5-mile radius.
    Request Owner's contact information
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    Oak Forest, IL 60452
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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
    16710 Cicero Ave Oak Forest, IL 60452
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