Oak Forest, IL 60452 15417 Cicero Avenue

15417 Cicero Avenue Oak Forest, IL - Image 115417 Cicero Avenue Oak Forest, IL - Image 215417 Cicero Avenue Oak Forest, IL - Image 3
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Presented By: Sperry Van Ness
  • MLS# 12112476
  • 07/16/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 8,500

Home Details

SVN proudly presents this excellent investment opportunity in business-friendly Oak Forest! This solid brick building has been cared for the past 20 years by ownership, the plaza is self managed, and they rarely raised rents. This property sits nicely on busy Cicero Ave, and has a large sign with great visibility on the main road. There are 21 parking spots, plus 1 disabled spot, and an unpaved lot in the rear to add more parking to the building. The lot is resealed every other year, and the roof has been cared for as needed, approximately 10 years old. TAKE ADVANTAGE of the far below market rents, raise them at your discretion, and reap the rewards! Many of these tenants have been at the center for years, and the landlords rarely (if ever) raised the rents. The center has a good mix of amenity and destination tenants loved by the community. Tenants are responsible for their own gas and electric bills (separately metered). Motivated sellers are ready to retire. This will be an awesome addition to any investors portfolio, do not pass up!
Presented By: Sperry Van Ness

General for 15417 Cicero Avenue

Additional Parcels Y/NYes
CityOak Forest
ContingencyFinancing
CoolingCentral Individual
CountyCook
Days on Market65
DirectionsFrom the intersection of 155th St & Cicero Ave, head south approximately 1 block, property is on the west side of the street.
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Insurance Expense10000
Leasable Area1200
Lease TypeGross
Lot Size Square Feet28314
MLS AreaOak Forest
Net Operating Income55099
NumberOfUnitsTotal7
Property SubTypeNeighborhood Storefront, Shopping Center, Strip Center
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive Under Contract
StatusContingent
Stories1
Tax Annual Amount36899
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Total Actual Rent1500
Trash Expense600
Water Sewer Expense5200
Year Built1962

Exterior for 15417 Cicero Avenue

Building Area Total8500
Lot Dimensions100X285

Additional Details

Price History

Worth Clark

Price $675,000
MLS#12112476
List Date 07/16/2024
Property Type Contingent
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