11346 Cicero AveAlsip, IL 60803

Property Details for 11346 Cicero Ave

Year built

1975

Lot size

0.38 AC

Property type

Banks

APN

24-21-200-055

APU

2421200055

Description

This exceptional 13,000-square-foot commercial building, situated on a prominent 50,000-square-foot lot at 11346 S Cicero Ave in Alsip, Illinois (zip code 60803), presents a compelling investment or lease opportunity. The single-story, 1977-built structure boasts a prime location on busy Cicero Avenue, complete with a stoplight and significant foot traffic, just two blocks from a Mariano's grocery store. Currently 25% occupied, the property features a mix of medical office, pharmacy/drug store, and storefront spaces, making it ideal for a variety of businesses. The building offers a NNN lease type with a multi-tenant occupancy and a remaining lease term of two years. Ample parking is available with 82 spaces. The property includes a drive-through, previously used by a bank, and offers the potential for expansion. The main floor offers 3,500 square feet of divisible space, while the lower level provides 6,000 square feet of divisible space with 15-foot ceilings, two stairwells, and elevator access. The lower level is available for a flat cost lease. Building features include separate restrooms, an elevator, a newer sprinkler system, and all newer mechanicals and roofing. The property is zoned for commercial use and is for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $7,901,160

  6.5%

  $7,293,378

  7%

  $6,772,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,489,646

  Geo Method

  $5,489,646

• Alternative Use

  Use

  Valuation

  Residential

  $6,152,237

  Hospitality

  $5,635,416

  Educational

  $4,688,600

  Medical

  $4,849,848

  Retail

  $7,293,378

Location Insight

City

Alsip

County

Cook

State

Illinois

Latitude

41.6862

Longitude

-87.7402

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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