12052 Cicero Ave Alsip, IL 60803
- Retail space
- 1.19 lot acres
Current Use by Public Records
- Steve Hanley, DPT / Physical Therapist / Physical Therapy Clinic
- Emily R. Olson, DPT / Physical Therapist
- ATI Physical Therapy / Physical Therapy Clinic / Rehabilitation Center
- Dana Sohl / Physical Therapist
- Candice Gray / Physical Therapist
Property Details for 12052 Cicero Ave
- Year built
- 2006
- Lot size
- 1.19 lot acres
- Property type
- Retail space
- APN
- 24-28-201-069
- APU
- 2428201069
Description
This exceptional 1,271 square foot retail space, situated at 12052 S Cicero Avenue in Alsip, Illinois, presents a prime opportunity for a restaurant or retail business. Located in a bustling retail corridor with high visibility and foot traffic, this second-generation restaurant space benefits from approximately 53,000 vehicles per day passing by. The property is part of a larger 8,151 square foot building constructed in 2008 and sits on a 1.19-acre lot in Cook County. The space enjoys the advantage of being surrounded by successful businesses such as Jimmy John's, Stellas, and ATI Physical Therapy, ensuring a strong customer base and high brand recognition. The location offers easy access to major highways, Interstate 294 and Interstate 57, providing convenient commuting for both employees and customers. Alsip itself provides a vibrant community with diverse amenities, including dining options, shopping centers, and recreational facilities. This property is ideal for a quick-service or casual dining establishment seeking to capitalize on the area's strong retail presence and consistent customer flow. The single-tenant occupancy ensures a focused and efficient business environment. This is a rare opportunity to establish a thriving business in a high-traffic, well-established location. The property's zip code is 60803.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,625,000
- 6.5%
- $2,300,000
- 7%
- $2,225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,430,000
- Geo Method
- $2,445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,335,000
- Retail
- $2,850,000
- Mixed-Use
- $2,245,000
- Hospitality
- $3,020,000
- Educational
- $2,910,000
- Residential Income
- $2,300,000
- Energy
- $2,435,000
- Income-Based Land
- $2,815,000
- Food Service
- $2,335,000
Location Insight
- Map
- Local Demand
- City
- Alsip
- County
- Cook
- State
- Illinois
- Longitude
- -87.7397
- Latitude
- 41.6739
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
