20911-20939 Cicero Ave Matteson, IL 60443
- Day care centers
- 13,600 SF
- 3.99 lot acres
Current Use by Public Records
- Day care centers
Property Details for 20911-20939 Cicero Ave
- Year built
- 1986
- Lot size
- 3.99 lot acres
- Property size
- 13,600 SF
- Property type
- Day care centers
- Property subtype
- Lifestyle centers
Description
Exceptional investment opportunity: a 13,600 square foot medical and daycare center in Matteson, Illinois, currently 100% occupied by two tenants. This fee-simple property boasts a strong net operating income (NOI) of $253,784, resulting in a compelling cap rate of 36.25%. The asking price is $700,000. The property features a single-story building constructed in 1986, with renovations completed in 2020 and 2022, including a new roof in 2022. The leases are net, multi-tenant, with a remaining term of 3.9 years (Lease Commencement: March 1, 2019
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Matteson
- County
- Cook
- State
- Illinois
- Longitude
- -87.7312
- Latitude
- 41.5083