10220 Cicero AveOak Lawn, IL 60453

Property Details for 10220 Cicero Ave

Year built

1977

Lot size

0.29 AC

Property type

Retail properties

Property subtype

Retail space

APN

24-09-413-022

APU

2409413022

Description

This exceptional income-producing office building, located at 10220 S Cicero Ave in Oak Lawn, Illinois, presents a compelling investment opportunity. The property boasts a total of 4,500 square feet of office space, strategically situated on a sizable 18,000 square foot lot. The well-maintained two-story structure features two 1,100 square foot units on each floor, offering flexibility for various business needs. The building's attractive features include handsome exposed brick interior walls in the foyer and offices, enhancing its aesthetic appeal. A full/partially improved basement provides additional storage or expansion potential. Currently, the building enjoys a 3/4 occupancy rate with long-term tenants, ensuring a stable income stream. Its prime corner location at 102nd and Cicero benefits from high visibility and exceptional daily traffic exceeding 100,000 vehicles along Cicero Avenue. This property is ideal for both investors seeking a strong return and owner-operators looking for a well-established location. The asking price is $564,900. Oak Lawn's reputation as a thriving business community further enhances the investment potential of this property. Ample on-site parking adds to its convenience and appeal.

Location Insight

City

Oak Lawn

County

Cook

State

Illinois

Latitude

41.7071

Longitude

-87.7407

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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