For Sale
$564,900

10220 Cicero Ave Oak Lawn, IL 60453

Prime Office Building, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional income-producing office building, located at 10220 S Cicero Ave in Oak Lawn, Illinois, presents a compelling investment opportunity. The property boasts a total of 4,500 square feet of office space, strategically situated on a sizable 18,000 square foot lot. The well-maintained two-story structure features two 1,100 square foot units on each floor, offering flexibility for various business needs. The building's attractive features include handsome exposed brick interior walls in the foyer and offices, enhancing its aesthetic appeal. A full/partially improved basement provides additional storage or expansion potential. Currently, the building enjoys a 3/4 occupancy rate with long-term tenants, ensuring a stable income stream. Its prime corner location at 102nd and Cicero benefits from high visibility and exceptional daily traffic exceeding 100,000 vehicles along Cicero Avenue. This property is ideal for both investors seeking a strong return and owner-operators looking for a well-established location. The asking price is $564,900. Oak Lawn's reputation as a thriving business community further enhances the investment potential of this property. Ample on-site parking adds to its convenience and appeal.

Highlights

  • $564,900 asking price
  • 4,500 square foot office building on an 18,000 square foot lot in Oak Lawn, IL
  • Two-story building with ample on-site parking
  • Currently 3/4 leased with long-term tenants
  • Excellent location on Cicero Avenue with high daily traffic volume.

Property Details for 10220 Cicero Ave

Property type
Office properties, Land
Square Feet
4,500 SF

Location Insight

City
Oak Lawn
County
COOK
State
Illinois
Latitude
41.7071376
Longitude
-87.7408386

FAQs

What type of property is this?
Office property - Prime Office Building, High Traffic Area
Where is the office property located?
The property is located at 10220 Cicero Ave Oak Lawn, IL.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: $564,900 asking price; 4,500 square foot office building on an 18,000 square foot lot in Oak Lawn, IL; Two-story building with ample on-site parking
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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10220 Cicero Ave
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