9400 Cicero AveOak Lawn, IL 60453

Property Details for 9400 Cicero Ave

Year built

1980

Lot size

1.95 AC

Property type

Banks

APN

24-04-422-034

APU

2404422034

Description

This Class A, four-story office building at 9400 S Cicero Ave, Oak Lawn, IL 60453, offers 77,000 square feet of versatile space, currently featuring 14,040 square feet available for lease. Built in 1990 and renovated in 2024, the property sits on 4.4 acres of land with excellent frontage on 95th Street and Cicero Avenue. The building boasts four elevators, ample parking, and two convenient entrances. Interior features include high ceilings, lockers, computer labs, training rooms, conference rooms, and break areas. The property is ideally suited for a variety of office uses, including executive, medical, coworking, creative, commercial, and traditional office tenants. Its prime location offers easy access to I-294 (Tri-State Tollway), the Oak Lawn Metra station (half-mile west), and numerous amenities including Advocate Christ Medical Center (two blocks west), the Hilton Chicago/Oak Lawn, and a variety of restaurants and retail options. Available spaces range from 4,300 to 24,635 square feet. The building is fully sprinklered and zoned for commercial use. This exceptional property presents a unique opportunity for businesses seeking a well-appointed and strategically located office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $40,127,968

  6.5%

  $37,041,200

  7%

  $34,395,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,880,512

  Geo Method

  $27,880,512

• Alternative Use

  Use

  Valuation

  Residential

  $31,245,640

  Hospitality

  $28,620,838

  Educational

  $23,812,202

  Medical

  $24,631,140

  Retail

  $37,041,200

Location Insight

City

Oak Lawn

County

Cook

State

Illinois

Latitude

41.7211

Longitude

-87.7424

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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