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Property profile & analytics
FOR LEASE
Community centers
8148 S Cicero Ave, Burbank, IL 60459
Trust Owned
2-yr Hold
~
Est. High Equity
Property ID
US28-2727343
For Lease
1 / 15
$12 SF/Yr
8148 S Cicero Ave, Burbank, IL 60459
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity presents a 39,398-square-foot freestanding building situated on a prominent 2.7-acre lot at 8148 S Cicero Ave in Burbank, Illinois. Built in 2007 and renovated in 2018, this single-tenant building is currently vacant and offers significant potential for a variety of retail uses. The durable masonry construction ensures longevity and the recent exterior renovations enhance its curb appeal. The property boasts 92 parking spaces, providing ample convenience for customers. Its location on Cicero Avenue offers exceptional visibility and accessibility, further enhanced by its proximity to major national retailers such as Lowe's, Jewel-Osco, Dollar Tree, Party City, AutoZone, and Five Below. The building features two stories and includes elevators. Located in Cook County, Illinois, with a zip code of 60459, this property offers a compelling investment opportunity due to its size, location, and recent improvements. The property taxes are $4.26 per square foot. This site is ideal for a business seeking high visibility and convenient access in a thriving retail corridor.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1971
Lot
2.65 ac (115,434 SF)
APN
19-33-200-009
UPID
US28-2727343
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
-
Big Lots Discount Store
-
ToysRUs (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Chicago Title Land Trust Company · 2 yrs held
Chicago Title Land Trust Company
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$172,354
Tax year 2022
Assessed value
$446,935
Assessed 2022
Previous assessed
$446,935
+0.0% YoY
Effective rate
38.56%
On assessed value
Assessed land
$317,465
Assessed improvement
$129,470
Land market value
$1,269,860
Improvement market value
$517,880
Total market value
$1,787,740
Applied tax rate
36,004.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1971
Heating
NONE
Lot
2.65 ac (115,434 SF)
APN
19-33-200-009
UPID
US28-2727343
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Lot
2.65 ac
Current owner
From public records · entity-resolved
Chicago Title Land Trust Company
Trust
Mailing address
10 S LA SALLE ST STE #2750, CHICAGO, IL 60603-1108
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
—
Chicago Title Land Trust Company
Cicero 8148 LLC
Warranty Deed
—
Oct 24, 2022
$2,166,667
Cicero 8148 LLC
Goodrich Cicero LLC
Warranty Deed
$1,625,000 · Firstsecure Bank & Trust Co
Aug 4, 1998
—
Goodrich Cicero LLC
American Nat'l Bk&tr Chgo Ttee
Grant Deed
$2,300,000 · Heller Financial
—
—
Goodrich Cicero LLC
—
Deed Of Trust
related
$2,650,000 · Sun Life Assurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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