5503 Cermak Road

    Cicero, IL 60804
    • $1,380,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 10349370
    UPDATED: 57 min ago
    $1,380,000
    • 0
      BEDS
    • .25-.49 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,160
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Commercial, non-owner occupied, and income producing property developed to earn income through rental, leasing and price appreciation. The property offers investors the security of real property. Property is a good long-term investment providing a good source of income and steady cash flow. Exceptional investment or business opportunity to acquire leased, income producing property. The building is approx. 15,000 sq. feet along with two parking lots and is located west of Cicero Ave on busy Cermak Rd. There is a high local traffic count of 69,000 per day and a population over approx. 835,000 within a five-mile radius. There is a mix of franchise, local, and other businesses in the area. Lot addresses are 5501-5505 W. Cermak Rd.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-05-25T06:54:11.303 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.theperottigroup.com/homes/93863402

    5503 Cermak Road Cicero, IL 60804

    • Price: $1,380,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 10349370
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .25-.49 Acre
    Acres
    14,160
    SQFT
    $97
    $/SQFT
    Neighborhood:
    Cicero
    County:
    Cook
    Area:
    Cicero
    Property Description
    Commercial, non-owner occupied, and income producing property developed to earn income through rental, leasing and price appreciation. The property offers investors the security of real property. Property is a good long-term investment providing a good source of income and steady cash flow. Exceptional investment or business opportunity to acquire leased, income producing property. The building is approx. 15,000 sq. feet along with two parking lots and is located west of Cicero Ave on busy Cermak Rd. There is a high local traffic count of 69,000 per day and a population over approx. 835,000 within a five-mile radius. There is a mix of franchise, local, and other businesses in the area. Lot addresses are 5501-5505 W. Cermak Rd.
    Exterior Features

    Approx Land Sq Footage 15675 Construction Brick Frontage Access City Street Location Central Business DistrictCornerPublic Transport Avail Lot Dimensions 91X109 Lot Sq Ft 12919 Number Of Parking Spaces 50 Roof Coverings Rubber Waterfront YN No

    Interior Features

    Air Conditioning Central Air Miscellaneous Inside Handicapped AccessHandicapped Equip Washroom/SPrivate Restroom/SPublic Restroom/SStorage InsideOther Number Of Stories 3 Outdoor Parking 51-100 SpacesValet On Site

    Property Features

    Adj Net Inc Expense Source Combination Adjusted Net Income 0 Ann Rnt Expense Source Combination Annual Rent For Real Estate 0 Business Age 4-6 Years Business Name By Request Business Type Bar/Lounge/Nite ClubFood And BeverageRestaurant Corporate Limits Cicero Cost Of Goods Expense Source Combination Cost Of Goods Sold Na Cost Of Goods Year 0 Current Use Commercial Electrical Service 201-600 AmpsOver 600 Amps Food Beverage Type RestaurantBanquet Gross Payroll 0 Gross Payroll Expense Source Owner Projection Gross Payroll Year 0 Gross Profit 0 Gross Profit Expense Source Combination Gross Profit Year 0 Gross Sales Ann Expense Source Actual Gross Sales Ann Year 0 Gross Sales Annual 0 Heat Ventilation Central Heat/Indiv ControlsForced Air Inventory 0 Inventory Expense Source Combination Inventory Year 0 Known Encumbrances None Known Miscellaneous Outside Handicapped Access Net Operating Income Year 0 Net Profit 0 Net Profit Source Combination Possession Closing Potential Use Commercial Property Offered For Sale Only Proprietary Info Leases-CopiesLegal DescriptionTax BillTraffic Counts Real Estate Included YN Yes Sale Terms ConventionalOtherWrap Around Tax Year 2017 Taxes 73990 Tenant Pays Air ConditioningElectricHeatJanitorialInsuranceRepairs And MaintenanceScavengerWater/SewerOtherVaries By TenantCooking Gas Total Op Exp Year 0 Total Op Expense Source Combination Total Operating Expenses 0 Type Of Lease None Type Ownership Business Corporation Unincorporated YN Yes Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-Municipal Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Real People Realty, Inc..


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-05-25T06:54:11.303 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Perotti Group | Compass Real Estate
    1643 N Milwaukee
    Chicago IL, 60647