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    5645 Roosevelt Rd Cicero, IL 60804

    • Retail space
    • 0.10 lot acres
    For Lease
    View listing
    Value Estimation
    $880,000
    Last Sale
    Dec 16, 2021
    $875,000
    Location Intelligence
    Property ID
    US28-1738726
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 5645 Roosevelt Rd

    Year built
    1993
    Lot size
    0.10 lot acres
    Property type
    Retail space
    APN
    16-20-206-001
    APU
    1620206001

    Description

    This exceptional retail opportunity is located at 5645 W Roosevelt Rd in Cicero, Illinois, within the bustling West Roosevelt Plaza. The property offers 1,460 square feet of available space, perfect for a variety of retail, restaurant, or office uses. This is a multi-tenant building with a total of 53 parking spaces, ensuring convenient access for customers and employees. Situated in Cook County, this prime location boasts significant daily traffic, with Roosevelt Road seeing 19,500 vehicles per day. The property benefits from excellent visibility and multiple points of ingress/egress, making it easily accessible. Its strategic placement within a primary shopping center in the Island neighborhood provides immediate proximity to established businesses such as McDonald's, AutoZone, and Family Dollar. The area's high population density, with over 184,000 people residing within a two-mile radius, guarantees a substantial customer base. This infill location, just three blocks south of an interstate, offers unparalleled convenience and accessibility. This is a rare opportunity to establish a thriving business in a high-traffic, densely populated area. The property is zoned for retail, restaurant, and office uses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $945,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $880,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $915,000
      Retail
      $975,000
      Mixed-Use
      $895,000
      Hospitality
      $900,000
      Educational
      $795,000
      Residential Income
      $870,000
      Energy
      $820,000
      Income-Based Land
      $760,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.7666
    Latitude
    41.8653
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,465
    $16,110
    $19,299
    $35,409
    -
    $64,440
    $77,196
    $141,636

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      4800 32nd W Cermak

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    • Value Estimation by Request
      0.18 Acres

      4800 32nd W Cermak

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    • Value Estimation by Request
      0.29 Acres

      5600 35th St

      RETAIL STORES (PERSONAL SERVICES) • 0.29 Acres
      5600 35th St, Cicero, IL 60804-4320
      View Details

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    Similar Nearby for Lease

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    5645 Roosevelt Rd
    Cicero, IL 60804
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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
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