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Property profile & analytics
OFF-MARKET Estimated value $1,440,000
Banks

11346 Cicero Ave Alsip, IL 60803-2826

0.38 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US28-5043072
Property summary
AI-generated overview

This exceptional 13,000-square-foot commercial building, situated on a prominent 50,000-square-foot lot at 11346 S Cicero Ave in Alsip, Illinois (zip code 60803), presents a compelling investment or lease opportunity. The single-story, 1977-built structure boasts a prime location on busy Cicero Avenue, complete with a stoplight and significant foot traffic, just two blocks from a Mariano's grocery store. Currently 25% occupied, the property features a mix of medical office, pharmacy/drug store, and storefront spaces, making it ideal for a variety of businesses. The building offers a NNN lease type with a multi-tenant occupancy and a remaining lease term of two years. Ample parking is available with 82 spaces. The property includes a drive-through, previously used by a bank, and offers the potential for expansion. The main floor offers 3,500 square feet of divisible space, while the lower level provides 6,000 square feet of divisible space with 15-foot ceilings, two stairwells, and elevator access. The lower level is available for a flat cost lease. Building features include separate restrooms, an elevator, a newer sprinkler system, and all newer mechanicals and roofing. The property is zoned for commercial use and is for sale or lease.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1975
Lot 0.38 ac (16,725 SF)
APN 24-21-200-055
UPID US28-5043072
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hanger Clinic: Prosthetics & Orthotics Orthotics & Prosthetics Service Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.44M
Owner & transaction history
11346 Cicero Property INC · 3 yrs held
11346 Cicero Property INC
since 2023
Last sale
$1.4M
3 recorded transactions
2023
$1.4M
2018
$530,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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