13458 Cicero AveCrestwood, IL 60445

Property Details for 13458 Cicero Ave

Year built

2003

Lot size

0.75 AC

Property type

Banks

APN

24-33-403-036

APU

2433403036

Description

This exceptional investment opportunity presents a 3,974 square foot Chase Bank located at 13458 S Cicero Ave, Crestwood, IL 60445. The property boasts a strong 4.00% cap rate and a substantial NOI of $179,685, supported by a triple-net (NNN) ground lease with an investment-grade tenant. Chase Bank, operating since 2006, has a lease extending to September 3, 2036, providing over 11.8 years of remaining term with four 5-year lease options and 10% rent bumps every five years. The building sits on a hard corner with high visibility at the intersection of Cicero Avenue (44,200 vehicles per day) and 135th Street (18,200 vehicles per day), benefiting from proximity to Interstate 294 (104,700 vehicles per day). This prime location is within a dense retail corridor featuring major national brands like Target, Kohl's, and Menard's, along with numerous restaurants. The surrounding area has a population of 277,817 within a five-mile radius, boasting an average annual household income of $87,527. In 2021, deposits at this location totaled $139,086,000, demonstrating significant financial strength. The asking price is $4,492,125, representing a price per square foot of $1,130.38. This property offers a secure, long-term investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $15,400,765

  6.5%

  $14,216,091

  7%

  $13,200,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,700,298

  Geo Method

  $10,700,298

• Alternative Use

  Use

  Valuation

  Residential

  $11,991,804

  Hospitality

  $10,984,428

  Educational

  $9,138,916

  Medical

  $9,453,217

  Retail

  $14,216,091

Location Insight

City

Crestwood

County

Cook

State

Illinois

Latitude

41.6476

Longitude

-87.7387

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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