$625,000
$749,900
16.7%For more information regarding the value of a property, please contact us for a free consultation.
14812 Cicero AVE Oak Forest, IL 60452
10,888 SqFt
Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,888 sqft
Price per Sqft $57
MLS Listing ID 11909527
Sold Date 06/17/24
Year Built 1975
Annual Tax Amount $57,311
Tax Year 2021
Lot Dimensions 100X250
Property Description
SELLER FINANCING AVAILABLE! SVN proudly presents this amazing investment opportunity in Oak Forest along busy Cicero Ave. This three-unit fully occupied shopping center houses two historic tenants who are prominent in the area. Tenants have been at this location for many years, however, they entered short-term leases during Covid. C&M Awards only occupies half of 14814's front retail space. There is room for an additional tenant to share the space, or the new owner could lease the entire space for more than what is currently being collected. There is a small basement, laundry room, and one drive-in-door attached to the main retail building. Additionally, this sale will include a two-unit rental house which is located behind the retail building. Originally built as a home for the previous owner then converted into a rental when the current owner took over. Both buildings have been meticulously maintained and the retail building boasts a newer facade and regularly restriped parking lot. This property also includes a marquis sign for enhanced street visibility. There is ample parking in the front and the back of the building. Easy plug-and-play for the right investor, or potential live-where-you-work scenario. The taxes are currently being appealed. The building is in a TIF district.
Location
State IL
County Cook
Area Oak Forest
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 2
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Bought with Tuyen Nguyen • Chicago Real Estate Resources