7300 N Cicero Ave - Loft/Creative Space FOR SALE


Lincolnwood, IL 60712
$2,400,000 USD
773-294-7534
7300 N Cicero Ave, Lincolnwood, IL for Sale
$2,400,000 USD
Loft/Creative Space - FOR SALE
1/63
null | 7.7% Cap Rate

Sep '26


7300 N Cicero Ave
Lincolnwood, IL 60712


HIGHLIGHTS

  • PRIME LINCOLNWOOD CORNER LOCATION
  • NEXT TO 94 & TOUHY
  • 96.5% OCCUPIED / 7.6% CAP RATE
  • 46 PARKING SPACES
  • WELL MANAGED IMMACULATE PROPERTY
  • IDEAL FOR OWNER/INVESTOR

OVERVIEW

LINCOLNWOOD OFFICE BUILDING 7300 North Cicero Avenue, Lincolnwood, Illinois 60712 PERFECT LOCATION OFFICE ZONING / 17,000 cars per day   IMMACULATE CONDITION---MANY IMPROVEMENTS 4 STAR OPPORTUNITY FOR AN OWNER/INVESTOR OPTIMAL POSITION RIGHT NEXT TO 94 & TOUHY 208 FRONTAGE X 175 DEPTH / ABOUT 35,500 LSF  2 story walk up / 22,000BSF / 17,000 RSF-USF / pin #10-28-424-087-0000 20 OFFICE UNITS---sizes range from 374SF to 2365SF Very attractive modern red brick corner with gorgeous landscaping 5 Bathrooms 1 Private executive bathroom 2 Common break areas with kitchens 1 Common conference room 4 private kitchen areas 96.5% occupied----------------------7.6% cap rate 100% occupied pro forma-------------8.1% cap rate Current gross income----------------$416,226 Current yearly net income is at ----$184,714 Pro-forma net-----------------------$195,382 THIS IS UNIQUE TO THIS WELL MANAGED PROPERTY Long term tenants that renew often in one or 2-year increments, no options 5% yearly rent escalations on all tenants (better than the usual 3% bumps) AVAILABLE FOR OWNER-OCCUPIER—FLAGSHIP OFFICE NORTHEAST CORNER---2ND FLOOR---2340SF---private kitchen, conference room---almost all glass walls OR—-existing tenant will remain for owner investor ONLY ONE SMALL OFFICE VACANT—-#212/595SF CAPITAL IMPROVEMENTS 2019---NEW ROOF, 8 NEW PARKING SPACES ON CHASE,ASPHALT 2022---ASPHALT SEAL COATING 2023---FURNACE REPLACED 2024---FURNACE REPLACED 5 NEW HVAC SYSTEMS IN THE LAST 6 YEARS 8 AC units / 8 heating units EASY ROOF ACCESS / FULL BASEMENT 46 PARKING SPACES DRIVEWAY ACCESS TO INNER LOT 28 on site---18 leased 16 south lot---4 side drive---8 north side 18 leased south across Chase from neighbor building  EXCELLENT LOCATION FOR BUSINESS RAPID ACCESS TO ALL AREAS Adjacent to 94 & Touhy / Lincoln / Milwaukee / NW Highway  20 minutes to the Loop / 7 minutes to the Metra

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

22,000SF OFFICE BUILDING / PRIME LOCATION

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

Office

APN/PARCEL ID

10-28-424-087-0000

ASK ABOUT THIS PROPERTY

Alberto GonzalezExit Strategy RealtyMore Info
773-294-7534

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alberto GonzalezExit Strategy RealtyMore Info
773-294-7534

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.