Active · For Sale · Mixed Use

11346 S Cicero Avenue, Alsip, IL 60803

MLS opportunity selected in connection with 9944 S Western Ave, Chicago, IL 60643

MLS #12736624

11346 S Cicero Avenue, Alsip, IL 60803
11346 S Cicero Avenue, Alsip, IL 60803CRER
11346 S Cicero Avenue, Alsip, IL 60803

Start a conversation

Inquire about this property

11346 S Cicero Avenue, Alsip, IL 60803

Property inquiry details

By submitting, you agree to the CRER privacy policy.

The property

Executive summary

Beautiful Commercial Building on High Traffic Cicero Avenue, Just a few blocks from Mariano's Shopping Center! "For Sale or Lease." Perfect for Investment Opportunity! Anchored by Hanger Clinic! Building Features over 13,000 Sq Ft with drive-through! Perfect for any business, Retail, Restaurant, Office, Medical, Dental, or many other possibilities! Bring your Ideas! 3500 Sq Ft available on the Main Floor can be divided and 6,000 Sq Ft available on the Lower-Level which can also be divided with a "Flat Cost Lease". Lower-Level Features 15 Ft Ceilings, 2 Stairwells and Elevator Access. All Mechanicals and Roof are newer. Building also features: Separate Restrooms, Elevator, Newer Sprinkling System and over 80 Parking Spaces! This Amazing Building is located on over an Acre of Land as well. Please call Listing Broker with any Questions. (Previously used as a bank, with drive-through).

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$325,000
Reported Annual Expenses
$120,000
Estimated NOI
$205,000
Estimated Cap Rate
12.81%
Estimated GRM
4.92
Annual Taxes
$55,297 (2024)

Property Details

Units
4
Building Size
13,000 SF
Lot Size
50,000 SF
Lot Acreage
1.2
Lot Dimensions
223 X 225
Stories
1
Year Built
1977
Building Age
36-50 Years
Construction
Brick
Roof
Flat
Zoning
COMMR
Parcel Number
24212000400000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Air Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Insurance, All Utilities
Electric
Circuit Breakers

Location & Use

County
Cook
Market Area
Alsip / Garden Homes
Township
Worth
Present Use
Commercial
Potential Use
Commercial, Office, Retail
Location
High Traffic Area

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.