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15345 Cicero Avenue, Oak Forest, IL 60452

$299,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 6,943 Sq. Ft.
  • Updated 1 day ago
15345 Cicero Avenue, Oak Forest, IL 60452 View this property at 15345 Cicero Avenue, Oak Forest, IL 60452
15345 Cicero Avenue Oak Forest IL 60452

Property Description

Excellent investment opportunity to own this Fully Rented, 4-unit, one story 7,000+- sq ft Brick Commercial/Industrial building on busy Cicero Ave, with over 32,000 cars/day traffic. This includes the parking lot to the north of the property (85X285 ft lot). Gross income is $65,340, with taxes & insurance of $14,324. That leaves $51,016 to cover debt service. The capitalization rate is 17%. 2 rented storefront units (one 1100+- sq ft, and one is 2700+- sq ft) with two-year tenants. One is a State Farm office, the larger is a coin/collector's shop. In addition, one 1500+- pure storage unit and a second 1500+- sq ft space is leased to a heating/AC company. Also, there's a fenced-in yard for the industrial spaces and the rear of the building.

Full Property Details for 15345 Cicero Avenue

  • Price: $299,900
  • Taxes: $12,573 (2015)
  • Status: Active
  • Type: Commercial
  • MLS ID: 09370491
  • Updated: 10/25/2016
  • Added: 7 day(s) ago

Property History

  • 15345 Cicero Avenue, Oak Forest, IL
  • Listed at $299,900 on 10/19/16


  • Interior Features: Common Lunchroom(s)

Additional Information

  • Security/Safety: Fire Extinguisher(s)


  • Total Spaces: 20


  • Area: Oak Forest
  • County: Cook
  • Township: BREMEN
  • Driving Directions: 159th Street, North to address, property on East side of street
  • Location Details: South Suburban

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Exterior Const.: Brick
  • Stories/Levels: 1
  • Square Feet: 6,943
  • Year Built: 1978

Lot Features

  • Lot Size (Sq. Ft.): 24,225
  • Lot Dimensions: 85 x 285
  • Lot Access: Public Road
  • Zoning: COMMR

Financial Considerations

  • Tax Amount: $12,573
  • Tax Year: 2015
  • Tenant Pays: Electric, Heat, Water/Sewer, Other

Disclosures and Reports

  • APN: 28151170470000

Listed by R M Post Realtors

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Estimate the Cost

15345 Cicero Avenue will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

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15345 Cicero Avenue, Oak Forest, IL 60452 (MLS# 09370491) is a Commercial property. 15345 Cicero Avenue is currently listed for $299,900 and was received on October 19, 2016. Want to learn more about 15345 Cicero Avenue? Do you have questions about finding other Commercial 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.

Listed by R M Post Realtors

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