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23060 Cicero Avenue Richton Park, IL 60471 Commercial - Office Active

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Description

23060 Cicero Avenue presents a rare opportunity to acquire a highly visible standalone commercial property on approximately 0.85 acres at the northwest corner of Cicero Avenue and Steger Road in Richton Park, Illinois. Positioned along one of the South Suburbs' primary commercial corridors and located just minutes from Interstate 57, this property offers the combination of location, land, parking, accessibility, and redevelopment potential that is increasingly difficult to find in today's market. The property consists of an approximately 3,690 square foot two-story brick commercial building situated on a 36,961 square foot site with extensive onsite parking and exceptional street visibility. Zoned C-1 Community Commercial, the property is ideally suited for a wide range of commercial, professional, service-oriented, healthcare, educational, nonprofit, administrative, and community-focused uses. The zoning classification provides flexibility for future ownership while supporting long-term value and occupancy potential. What makes this opportunity particularly attractive is the scale of the site relative to the building footprint. Commercial buyers are continually searching for properties that provide room to operate, expand, accommodate employees and visitors, and adapt to future business needs. With nearly an acre of land, substantial parking capacity, and a standalone building configuration, the property offers the type of functionality that many smaller commercial sites simply cannot provide. The location places users at the center of the Chicago Southland market, serving the surrounding communities of Richton Park, Matteson, Park Forest, Olympia Fields, Country Club Hills, University Park, Frankfort, and neighboring suburban populations. Easy access to Interstate 57 allows employees, customers, clients, vendors, and organizational partners to reach the property efficiently from throughout the south suburban region and the greater Chicago metropolitan area. For owner-users, the property represents an opportunity to establish a long-term headquarters location with dedicated parking, strong visibility, and complete control over the real estate. Professional service firms, medical and behavioral health providers, counseling centers, workforce development organizations, educational institutions, trade schools, community service agencies, nonprofit organizations, and administrative offices will appreciate the flexibility offered by the existing building and oversized site. For investors and developers, the property offers a compelling value-add and repositioning opportunity within a corridor that continues to benefit from regional transportation access and established residential density. The combination of a signalized corner location, commercial zoning, existing improvements, municipal utilities, and significant land area creates multiple paths to future value creation. Opportunities to acquire commercial properties with this level of visibility,

Property Highlights

Property Type: Commercial - Office
Building Description: 2.0 stories
Year Built: 1978

General Information

County: Cook
Listed By:
MoHall Commercial & Urban Development 312-826-9925
MRED MLS
$90,000
Est. $674/mo
Active
SQUARE FEET3,690 MLS#12683960
STATUSActive PROPERTY TYPECommercial - Office

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Ruhl&Ruhl Realtors
563.441.1776

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23060 Cicero Avenue, Richton Park, IL 60471.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $90,000$90,000$90,000
Down Payment $18,000$3,150$22,500
Monthly Mortgage Amount $449$544$561
Taxes $125$125$125
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$40$0
Monthly Estimated Total $674$809$786

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