Property profile

11346 Cicero Ave Alsip, IL 60803

OFF-MARKET
Banks
Property ID
US28-5043072
0.38 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Orthotics & Prosthetics Service Medical Clinic

Location

11346 Cicero Ave Alsip, IL 60803-2826
Alsip metro Census 823200 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.46M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M

Owner & transaction history

since 2023
Last sale
$1.4M
3 recorded transactions
2023
$1.4M
2018
$530,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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