10550 S Cicero Avenue, OAK LAWN IL 60453 Photo 1 10550 S Cicero Avenue, OAK LAWN IL 60453 Photo 2 10550 S Cicero Avenue, OAK LAWN IL 60453 Photo 3 10550 S Cicero Avenue, OAK LAWN IL 60453 Photo 4
Listing Courtesy of Mid-America Realty

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10550 S Cicero Avenue - Fabulous location in desirable, high patron traffic area on Cicero Avenue in Oak Lawn. There are two tenants. One is a thriving Dollar Store (lease signed by national parent) that occupies 10,600 sqft and the other is an extremely busy, full service thriving full service optometrist center that occupies 4700 sqft Both leases are triple net (except roof) with no stop on real estate taxes. Seller will put new roof on the building. There is a full basement that possibly might bring more rental income. Dollar has huge overhead door also.

Listing information

  • MLS® ID: 09314174
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • Year Built: 1975
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $122,214


Air Conditioning Central Individual, Zoned
Approximate Age 36-50 Years
Backup Info Tax Bill
Construction Brick
Current Use Commercial
Docks Drive-in Doors
Electrical Service Circuit Breakers
Exterior Building Type Brick
Extra Storage Spaces Available (Y/N) Yes
Fire Protection Alarm On Site, Sprinklers-Wet
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale South Suburban
Heat/Ventilation Forced Air, Gas
Information None
Investment (Y/N) Yes
Known Encumbrances First Mortgage
Location Central Business District, Free Standing/Urban, Public Transport Avail
Misc Inside Basement, Elevator/s Freight, Overhead Door/s, Storage Inside
Misc Outside Handicapped Access
Other # Of Drive In Doors - 1, # Of Tenants - 2, # Of TL Docks - 1, # Of Units - 2, Approx Total Bldg Sq Ft - 15100, Expense Year - 2015, Gross Rentable Area - 15100, Gross Rental Income $ - 16880, Net Oper Income $ - 16880, Net Operating Income Year - 2015, Net Rentable Area - 15100, Tax Year - 2015, Total Annual Exp - 0, Total Annual Income - 168804, Total Monthly Income - 14067, Township - Worth, Zoning Type - Commr
Outdoor Parking 31-50 Spaces
Ownership Type Corporation
Possession Closing, Immediate
Potential Use Commercial
Property Offered For Sale Only
Property Type Retail/Stores
Roof Coverings Rubber
Roof Structure Flat, Metal Decking
Sale Terms Conventional
Tenant Pays Air Conditioning, Common Area Maintenance, Electric, Heat, Insurance, Janitorial, Real Property Taxes, Repairs and Maintenance, Scavenger
Unincorporated (Y/N) No
Utilities To Site Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site, Water-Municipal
Listing Courtesy of Mid-America Realty