13340 Cicero AveCrestwood, IL 60445

Property Details for 13340 Cicero Ave

Year built

1941

Lot size

0.92 AC

Property size (Sq ft)

5,460 SF

Property type

Retail space

APN

24-33-403-024

APU

2433403024

Description

This exceptional investment opportunity presents a fee-simple interest in a 2,370-square-foot Chipotle restaurant located at 13340 S Cicero Ave, Crestwood, IL 60445. Built in 2013, this single-story building sits on a 0.92-acre lot and boasts a strong 100% occupancy rate since March 1, 2013, with a corporate lease extending to July 31, 2035 (10.7 years remaining). The lease includes two 5-year renewal options and a 10% rent increase every five years, starting in 2030. The property generates a substantial net operating income (NOI) of $108,428, resulting in an attractive 5.75% cap rate. This prime location on Cicero Avenue (38,300+ vehicles per day) offers excellent visibility and accessibility, further enhanced by its proximity to I-294 (133,000+ vehicles per day). The property benefits from its position within a thriving retail corridor, surrounded by national retailers such as Walmart, Target, Menards, and many others. This investment is situated in the Cook County, Illinois, within the Chicago MSA, a highly populated and affluent suburban area. The property's strong tenant, long-term lease, and prime location make it an ideal addition to any investment portfolio. The asking price is $1,885,704. APN: 24-33-403-024-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,579,392

  6.5%

  $2,380,977

  7%

  $2,210,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,792,136

  Geo Method

  $1,792,136

• Alternative Use

  Use

  Valuation

  Residential

  $2,008,443

  Hospitality

  $1,839,723

  Educational

  $1,530,628

  Medical

  $1,583,269

  Retail

  $2,380,977

Location Insight

City

Crestwood

County

Cook

State

Illinois

Latitude

41.6494

Longitude

-87.7391

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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