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14812 Cicero Avenue, Oak Forest, IL 60452
$749,900 Sale Pending
14812 Cicero Avenue, Oak Forest, IL 60452View this property at 14812 Cicero Avenue, Oak Forest, IL 60452
14812 Cicero AvenueOak ForestIL60452
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Property Description
SVN proudly presents this amazing investment opportunity in Oak Forest along busy Cicero Ave. This 3-unit fully occupied shopping center houses 2 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 currenty being collected. There is a small basement, laundry room, and 1 drive-in-door attached to main retail building. Additionally, this sale will include a 2-unit rental house which is located behind the retail building. Originally built as home for previous owner, converted to rental when 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 seller also has an assumable mortgage at 4.95% interest. The taxes are currently being appealed. Building is in a TIF district.
Full Property Details
Full Property Details for 14812 Cicero Ave
General
- Price: $749,900
- Taxes: $57,311 (2021)
- Status: Pending
- Type: Commercial Service
- MLS ID: 11909547
- Updated: 4/11/2024
- Added to Site: 199 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Oak Forest
- County: Cook
- Township: Bremen
- Driving Directions: From 147th/Cicero intersection head south 1 block on Cicero Ave, property is located on the west side of the street.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Drive-In Doors: 1
- Stories/Levels: 2
- Square Feet: 10,888
- Year Built: 1975
Unit Information
- # Tenants: 6
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Lot Dimensions: 100 x 250
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $4,200
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1975
- Tax Amount: $57,311
- Tax Year: 2021
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Varies by Tenant
- Pays Electric: 2165
Disclosures and Reports
- Property ID: 28094020170000
Listed by Sperry Van Ness
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Schools
Schools serving 14812 Cicero Ave
School Districts:Forest Ridge School District 142, Bremen Community High School District 228
Rating | Name | Grades | Distance |
---|---|---|---|
14950 Laramie Ave, Oak Forest, IL 60452 | 1-5 | 0.5 mi | |
5800 151st St, Oak Forest, IL 60452 | 6-8 | 1.3 mi | |
15201 Central Ave, Oak Forest, IL 60452 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14812 Cicero Ave
Date
Details
Price
Change
Source
12/07/2023
Price Reduced
$749,900
-11.78%
MLS
10/16/2023
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 14812 Cicero Ave
14812 Cicero Avenue, Oak Forest, IL 60452 (MLS# 11909547) is a Commercial Service property. 14812 Cicero Avenue is currently listed for $749,900 and was received on October 16, 2023. Want to learn more about 14812 Cicero Avenue? Do you have questions about finding other Commercial Service real estate for sale in Oak Forest? You can browse all Oak Forest real estate or contact a Coldwell Banker agent to request more information.