Oak Forest, IL 60452,14812 Cicero Avenue
Oak Forest, IL 60452,14812 Cicero Avenue
2
$625,000
$749,900
16.7%
Est.Price: ?

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10,888 SqFt

14812 Cicero Avenue Oak Forest, IL 60452

Est. payment /mo
SOLD DATE : 06/17/2024

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Key Details

Sold Price $625,000

Property Type Commercial

Sub Type Retail/Stores

Listing Status Sold

Purchase Type For Sale

Square Footage 10,888 sqft

Price per Sqft $57

MLS Listing ID 11909547

Sold Date 06/17/24

Year Built 1975

Annual Tax Amount $57,311

Tax Year 2021

Lot Dimensions 100X250

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.

Location

State IL

County Cook

Interior

Cooling Central Air

Fireplace N

Exterior

View Y/N true

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Listed by Derek Gonsch • Sperry Van Ness
Bought with Tuyen Nguyen • Chicago Real Estate Resources

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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