14812 Cicero Avenue Oak Forest, IL $ 749,900
14812 Cicero Avenue
$ 749,900
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14812 Cicero Avenue

Oak Forest, IL, 60452
$ 749,900
Baths0.0 Sq 10,888

Monthly Estimate*

$ 4,984

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Studio

Commercial Property for sale in Oak Forest, IL

for $749,900. This 10,888 square foot building was built in 1975 on a lot size of 0.057392.

SELLER FINANCING AVAILABLE! SVN proudly presents this amazing investment opportunity in Oak Forest along busy Cicero Ave. This three-unit fully occupied shopping center houses two historic tenants who are prominent in the area. Tenants have been at this location for many years, however, they entered short-term leases during Covid. C&M Awards only occupies half of 14814's front retail space. There is room for an additional tenant to share the space, or the new owner could lease the entire space for more than what is currently being collected. There is a small basement, laundry room, and one drive-in-door attached to the main retail building. Additionally, this sale will include a two-unit rental house which is located behind the retail building. Originally built as a home for the previous owner then converted into a rental when the current owner took over. Both buildings have been meticulously maintained and the retail building boasts a newer facade and regularly restriped parking lot. This property also includes a marquis sign for enhanced street visibility. There is ample parking in the front and the back of the building. Easy plug-and-play for the right investor, or potential live-where-you-work scenario. The taxes are currently being appealed. The building is in a TIF district.

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Commercial Pending

Price

$ 749,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 57,311

Style

Lot Size

0.057392

Year Built

1975

Town/City

Oak Forest

County/Region

Cook

MLS | Web ID

11909527

Features
General
Cooling Central Air
Year Built 1975
Electric Circuit Breakers Service - 101 to 200 Amps Service - 201 to 600 Amps
Tenant Pays Common Area Maintenance Electricity Heat Varies by Tenant
Stories 2
Township Bremen
Property SubType Apts/Ofc/Store Automotive Apts/Ofc Apts/Stores Ofc/Store
Tax Year 2021
Gross Income 123574
County Cook
Insurance Expense 4200
Property Type Commercial Sale Mixed Use
Status Pending
Directions From 147th/Cicero intersection head south 1 block on Cicero Ave property is located on the west side of the street.
City Oak Forest
NumberOfUnitsTotal 6
MLS Area Oak Forest
Lot Size Square Feet 2500
Street Name Cicero
Tax Annual Amount 57311
Electric Expense 2165
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 892
Additional Parcels Y/N Y
Days on Market 179
Standard Status Pending
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Exterior
Building Area Total 10888
Lot Dimensions 100X250
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Sperry Van Ness

Broker

derek.gonsch@svn.com

Email

Affordability Calculator

$9,760
Per Month
51%
49%
0%
Monthly Principal & Interest
$4,984
Monthly Property Taxes
$4,776
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/7/2023$749,900 -11.78% Price Down
10/16/2023$850,000 Listed Price

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14812 Cicero Avenue, Oak Forest, IL, 60452 is a Commercial Property for sale at $749,900 with 10,888 sqft and a lot size of 0.057392. 14812 Cicero Avenue is a studio with 0.0 baths and was built in 1975. The property's zip code is 60452 which is in Oak Forest, IL