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$1,499,000

  • For Sale
  • Active
  • Lots/Land
  • 3.2 Acres
  • Updated 6 days ago
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3.3 acres of prime commercial vacant Cicero Avenue Frontage in popular Oak Forest! Fully improved, cleared of all concrete, and environmentally clean, the site is ready for development. Economic enterprise zone with enhanced opportunity incentives for successive ownership. 2 enlarged curb cuts along Cicero Avenue and one along 153rd Street. Huge traffic counts! Near the busy corner of 147th and Cicero, there is a newer commuter train station and residential development. The largest vacant commercial development site on Cicero Avenue. 630 feet frontage at the NWC of 153rd Street and Cicero, and 220+ feet depth. "Ready-made" site for your next regional location shopping center, gas station, regional business retail, light commercial industrial, medical, or other potential users. A recent survey and an overview of recent site upgrades are available. Formerly Oak Forest Bowl!

Full Property Details for 15240 S Cicero Ave

General

  • Price: $1,499,000
  • Taxes: $46,957 (2023)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12298077
  • Updated: 1/14/2026
  • Added to Site: 328 day(s) ago

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access

Location

  • Area: Oak Forest
  • County: Cook
  • Township: Bremen
  • Driving Directions: 147th and Cicero South to NorthWestCorner of 153rd and Cicero Ave. Prime 630 feet of Cicero Avenue frontage
  • Location Details: Central Business District, Corner, High Traffic Area

School Information

  • School District: 228
  • Elem School District: 228
  • Midd School District: 228
  • High School District: 228

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available

Structural Information

  • Square Feet: 3.2
  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Acres): 3.2
  • Lot Size (Sq. Ft.): 140,000
  • Lot Size Range: 3.0 to 3.99 Acres
  • Lot Dimensions: 630 x 220
  • Frontage: City Street, Public Road, State Road, US Highway
  • Frontage Feet: 630
  • Street/Road Desc.: Asphalt, Concrete
  • Potential Use: Commercial, Condominium, Multi-Family, Retail, Other
  • Zoning: COMMR
  • Lot Description: Cleared, Level

Financial Considerations

  • Tax Amount: $46,957
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 28162150340000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 15240 S Cicero Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 15240 S Cicero Ave

School Districts:Forest Ridge School District 142, Bremen Community High School District 228
NameGradesDistance
Kerkstra Elementary School
14950 Laramie Avenue, Oak Forest, IL 60452
1-50.6 mi
Jack Hille Middle School
5800 151st Street, Oak Forest, IL 60452
6-81.3 mi
Oak Forest High School
15201 Central Avenue, Oak Forest, IL 60452
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15240 S Cicero Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2025
Price Reduced
$1,499,000
-21.11%
MLS
7/08/2025
Price Reduced
$1,900,000
-23.97%
MLS
2/26/2025
Listed
$2,499,000
84.29%
MLS
3/12/2003
Sold
$1,356,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 15240 S Cicero Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$126
-55%
$403
-40%
2022
$281
3%
$669
—
2021
$274
4%
$669
—
2020
$263
-88%
$669
-88%
2019
$2,159
2%
$5,360
—
2018
$2,122
—
$5,360
—
2017
$2,130
13%
$5,360
17%
2016
$1,881
2%
$4,577
—
2015
$1,836
3%
$4,577
—
2014
$1,782
14%
$4,577
2%
2013
$1,567
4%
$4,488
—
2012
$1,504
—
$4,488
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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15240 S Cicero Avenue, Oak Forest, IL 60452 (MLS# 12298077) is a Lots/Land property with a lot size of 3.2 acres. 15240 S Cicero Avenue is currently listed for $1,499,000 and was received on February 26, 2025. This property is listed by Chuck Groebe from our Gold Coast Office.Want to learn more about 15240 S Cicero Avenue? Do you have questions about finding other Lots/Land 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.

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