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15541 Cicero Ave 2,117 - 4,700 SF of Retail Space Available in Oak Forest, IL 60452
HIGHLIGHTS
- New Construction: 2,117-4,700 SF Available
- Excellent Visibility with 100' of Frontage on S. Cicero Ave
- Surrounded by major retailers and restaurants
- Drive-Thru Capability
- Over 25,400 VPD
- Pylon signage
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,117-4,700 SF | Negotiable | $35.00 /SF/YR $2.92 /SF/MO $164,500 /YR $13,708 /MO | Triple Net (NNN) |
1st Floor
New Construction Retail Space Available: 2,117 – 4,700 SF available for lease, including a highly desirable endcap with drive-thru capability. This site is part of a vibrant mixed-use development featuring newly built townhomes and over 300 residential apartments, both on-site and in the surrounding area. The center offers excellent visibility with over 100 feet of frontage along S. Cicero Avenue, which sees more than 25,400 vehicles per day (VPD). Tenants benefit from ample signage opportunities and generous parking. The property is surrounded by a strong mix of national and local retailers, including restaurants, fuel stations, and retail centers.
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Drive Thru
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,700 SF | Gross Leasable Area | 5,000 SF |
| Min. Divisible | 2,117 SF | Year Built | 2025 |
| Property Type | Retail | Parking Ratio | 3.6/1,000 SF |
| Property Subtype | Freestanding | Construction Status | Under Construction |
| Total Space Available | 4,700 SF |
| Min. Divisible | 2,117 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,000 SF |
| Year Built | 2025 |
| Parking Ratio | 3.6/1,000 SF |
| Construction Status | Under Construction |
ABOUT THE PROPERTY
Located in Oak Forest, IL, the area surrounding the property offers a vibrant mix of residential, commercial, and retail establishments. Just a short drive from the bustling city of Chicago, this location provides a prime opportunity for retail businesses to capitalize on high foot traffic and a diverse customer base. Nearby points of interest include the Oak Forest Metra Station, numerous dining options, and popular retail destinations. The area's strong presence of national retailers and local businesses makes it an ideal location for retail or street retail tenants looking to establish or expand their presence in the Chicago market.
- Drive Thru
NEARBY MAJOR RETAILERS
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15541 Cicero Ave
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