Property profile

7601 S Cicero Ave Chicago, IL 60652

FOR LEASE
Theaters & concert halls
Property ID
US28-0960807
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 7601 S Cicero Ave in Chicago, Illinois, zip code 60652. The property, known as Ford City North, offers a significant amount of leasable space, currently featuring 14,322 square feet of vacant retail space available for immediate occupancy. The property is classified as a multi-tenant retail building, presenting a versatile space suitable for a variety of commercial uses. The building's prime location in Chicago offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and convenient access for customers. The total square footage of the building is significantly larger than the currently available space, indicating potential for expansion or future opportunities within the complex. The property's address is easily accessible via major roadways, ensuring convenient transportation for both employees and customers. This listing specifically highlights the 14,322 square feet of immediately available space, perfect for businesses looking to establish or expand their presence in a thriving Chicago market. Further details regarding the building's amenities, lease terms, and potential for expansion are available upon request. This is a rare opportunity to secure prime retail space in a high-traffic area of Chicago. Interested parties are encouraged to inquire promptly to secure this exceptional property. The latitude and longitude coordinates are 41.7727709 and -87.7123355 respectively.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
APN 19-27-304-048
UPID US28-0960807

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
  • (Bike/Boat/Book/etc) Store Arcade & Gaming Center
  • Department Store
  • Clothing & Fashion Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • (Bike/Boat/Book/etc) Store

Location

7601 S Cicero Ave Chicago, IL 60652
Chicago metro Census 650500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2022
$5.1M
2021
$1.5M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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