5000 16Th StCicero, IL 60804

Property Details for 5000 16Th St

Year built

1924

Lot size

0.14 AC

Property type

Retail residential properties

APN

16-21-227-020

APU

1621227020

Description

This exceptional Cicero, Illinois commercial property offers 1,000 square feet of versatile office space, perfect for a variety of businesses. The property is a single-tenant space within a larger building, and includes an additional 800 square feet of secure storage, ideal for inventory or equipment. The open floor plan allows for flexible design and operational needs, catering to retail, office, or service-oriented businesses. The space benefits from high visibility due to its location in a bustling area with significant foot traffic, ensuring excellent exposure and accessibility for your business. Convenient on-site parking is available for both customers and employees. Modern amenities are in place, including updated lighting, a well-maintained HVAC system, and clean restroom facilities, creating a comfortable and productive work environment. This property presents a fantastic opportunity to establish or expand your business in a thriving commercial district with significant growth potential. Don't miss this chance to secure a prime location in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,224,259

  6.5%

  $2,053,162

  7%

  $1,906,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,203,048

  Geo Method

  $1,203,048

• Alternative Use

  Use

  Valuation

  Residential

  $2,053,162

  Hospitality

  $1,880,686

  Educational

  $1,564,708

  Medical

  $1,618,521

  Retail

  $2,433,991

Location Insight

City

Cicero

County

Cook

State

Illinois

Latitude

41.8588

Longitude

-87.7497

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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