Property profile

15126 Cicero Ave Oak Forest, IL 60452

OFF-MARKET
Retail space
Property ID
US28-1846296
0.39 ac lot Built 1971
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A 1,450-square-foot, all-brick commercial building located on a high-traffic street. The property sits on a 17,000+ square foot lot with 38 parking spaces and is zoned C-3, supporting a broad range of commercial and mixed-use developments, including retail, office, medical uses, and certain licensed cannabis-related uses and lounges without additional city approval. The building has dual free-standing signage and has undergone recent mechanical and systems upgrades, including a commercial furnace installed in 2023, a new hot water tank, and upgraded interior lighting. The site is within the Cal Sag Enterprise Zone and is eligible for Oak Forest’s TIF and Facade Improvement programs, which are associated with tax incentives and improvement-related grant and permitting benefits tied to approved projects.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Lot 0.39 ac (17,200 SF)
APN 28-16-215-014
UPID US28-1846296

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
  • Hair Salon Nail Salon
  • Hair Salon Nail Salon

Location

15126 Cicero Ave Oak Forest, IL 60452-2402
Oak Forest metro Census 824602 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2026
Last sale
$415,000
2 recorded transactions
2026
$415,000
2017
$130,000

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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