9812 Cicero Mixed Use
Retail | 8.99% CAP | 7,000 SqFt
Marketing description
Oak Lawn is a suburban village located in Cook County, Illinois, southwest of Chicago. It's a suburb of Chicago, sharing borders with the city in a couple of areas, and is one of the larger municipalities in Cook County. The population was about 58,362 at the 2020 census.
It is often described as having a dense suburban feel, where most residents own their homes. It is a diverse community and is considered a desirable area for families, young professionals, and retirees. It offers a variety of bars, restaurants, coffee shops, and parks.
The intersection of 95th Street (the main east-west thoroughfare) and Cicero Avenue is a major commercial and traffic hub. While the area is largely residential and most residents drive to work (with an average commute of about 31 minutes), it is served by the Metra commuter rail's Southwest Service, which is useful for commuting downtown.
Investment highlights
- 100% Occupancy
- Multiple tenants with diverse lease structures
- Mixed-use property with 5 commercial units and 3 residential units
- Long-term tenant in place (Shears to You)
- Located on high-traffic Cicero Avenue (36,500 daily traffic count)
- Strong demographics with median household income of $86,328 within 1 mile
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