15417-15427 Cicero Ave, Oak Forest, IL 60452
8,500 SF | 86% Leased | Retail Building | Oak Forest, IL 60452 | $675,000 ($79/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $675,000
- Property Type
-
Retail
- Square Feet
- 8,500 SF
- Price / Square Foot
- $79
Listing Contacts
Derek Gonsch
Verified Profile
- Property Info
Property Overview
SVN proudly presents this excellent investment opportunity in business-friendly Oak Forest! This solid brick building has been cared for for the past 20 years by ownership, the plaza is self-managed, and they rarely raise 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 one 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 amenities 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 investor's portfolio, do not pass up!
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 amenities 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 investor's portfolio, do not pass up!
Property Details
- Class
- C
- Year Built
- 1962
- Stories
- 1
- Property Subtype
- Freestanding, Storefront Retail/Office
- Lot Size (sq. ft)
- 28,314 SF
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