5610 Cermak RdCicero, IL 60804

Property Details for 5610 Cermak Rd

Year built

1935

Lot size

0.13 AC

Property type

Office properties

APN

16-20-432-030-1001

APU

16204320301001

Description

This exceptional 2,500 square foot commercial property, situated at 5610 W Cermak Road Unit 2 in Cicero, Illinois, presents a unique investment opportunity. Currently operating as a medical clinic, this brick building boasts a versatile layout ideal for a variety of commercial uses, thanks to its R-4 zoning. The interior features multiple offices, a spacious waiting room, a dedicated reception area, and two ADA-compliant bathrooms. The building's functionality is further enhanced by a two-car indoor garage, providing convenient and secure parking. The HVAC system is rooftop mounted, servicing the flat roof structure. This prime location offers unparalleled accessibility, with convenient access to I-290 and public transportation, including the Pink Line's 54th/Cermak Station, which is within walking distance. High pedestrian and vehicle traffic, along with ample parking both in front and in the rear of the building, ensures high visibility and accessibility for your business. The surrounding area is vibrant, with numerous retail stores in the adjacent blocks. This property is priced at $230,000 and represents a compelling opportunity for a savvy investor seeking a well-located, versatile commercial space. Do not disturb the current occupant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,695,024

  6.5%

  $1,564,638

  7%

  $1,452,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $733,438

  Geo Method

  $733,438

• Alternative Use

  Use

  Valuation

  Residential

  $1,940,151

  Hospitality

  $1,777,168

  Educational

  $1,478,582

  Medical

  $1,529,433

  Retail

  $2,300,017

Location Insight

City

Cicero

County

Cook

State

Illinois

Latitude

41.8514

Longitude

-87.7645

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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