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    14723 Central Ave Oak Forest, IL 60452

    For Lease
    $264 SF/Yr

    1,250 SF Retail Space, High Traffic

    Lot size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1,250 square foot retail space is located at 14723 S Central Avenue in Oak Forest, Illinois, 60452. Situated in a busy strip center anchored by 7-Eleven and Monaco Pizzeria, this completely remodeled space offers unlimited parking and excellent visibility. The property features a single suite in a prime location at the intersection of Central Avenue and 147th Street, boasting strong demographics and consistent high traffic flow. Suitable for retail or office use, the space is available for lease at a monthly rate of $2,300 ($22 per square foot) on a modified gross lease. Lease terms are flexible for qualified tenants, who must meet specific criteria and be approved by ownership. The property is easily shown, but pre-qualification is required. This is an exceptional opportunity for businesses seeking a high-traffic location in a thriving neighborhood. Don't miss this chance to establish your business in this desirable Oak Forest commercial space. Cook County location.

    Property Features for 14723 Central Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,250 SF
    Total Rate
    27500

    Unit(s) available at that property

    Space
    Size
    1,250 SF
    Rate per SF
    $264

    HighLights

    • 1,250 SF retail space available for lease at 14723 S Central Ave, Oak Forest, IL 60452.
    • Located in a busy strip center anchored by 7‑Eleven and Monaco Pizzeria, offering excellent visibility and ample parking.
    • Prime location at the intersection of Central Avenue and 147th Street, with high traffic counts and strong demographics.
    • $2,300/month ($22/SF) modified gross lease; flexible terms for qualified tenants.
    • Suitable for retail or office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sung & Gliues Law ... Medical Lawyer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    COOK
    State
    Illinois
    Longitude
    -87.756139
    Latitude
    41.6239991

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    FAQs

    What type of property is this?
    Lifestyle center - 1,250 SF Retail Space, High Traffic
    Where is this lifestyle center located?
    The property is located at 14723 Central Ave Oak Forest, IL.
    What is the lease rate?
    The lease rate is $264 SF/Yr.
    What are key features of this property?
    This property features: 1,250 SF retail space available for lease at 14723 S Central Ave, Oak Forest, IL 60452.; Located in a busy strip center anchored by 7-Eleven and Monaco Pizzeria, offering excellent visibility and ample parking.; Prime location at the intersection of Central Avenue and 147th Street, with high traffic counts and strong demographics.
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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
    14723 Central Ave Oak Forest, IL 60452
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