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22,000SF OFFICE BUILDING / PRIME LOCATION 7300 N Cicero Ave 22,000 SF 97% Leased Office Building Lincolnwood, IL 60712 $2,400,000 ($109.09/SF) 7.70% Cap Rate
Investment Highlights
- PRIME LINCOLNWOOD CORNER LOCATION
- 96.5% OCCUPIED / 7.6% CAP RATE
- WELL MANAGED IMMACULATE PROPERTY
- NEXT TO 94 & TOUHY
- 46 PARKING SPACES
- IDEAL FOR OWNER/INVESTOR
Executive Summary
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
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
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
22,000 SF
Building Class
B
Year Built/Renovated
1957/2010
Price
$2,400,000
Price Per SF
$109.09
Cap Rate
7.70%
NOI
$184,714
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,500 SF
Building FAR
0.62
Lot Size
0.81 AC
Zoning
Office - OFFICE
Parking
25 Spaces (1.14 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Security System
- Signage
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Open space available for rent located in 7300 N. Cicero which is right off the Touhy 94 exit. Building is pretty quiet with many long time tenants. There is a large kitchen area that the 2nd floor tenants share amongst themselves. The shared conference room is available anytime you need it. We offer free wifi for the whole building. Parking is available for an additional $75/month.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 212 | 595 SF | Office/Medical | - | Now |
2nd Fl-Ste 212
| Size |
| 595 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 212
| Size | 595 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
Open space available for rent located in 7300 N. Cicero which is right off the Touhy 94 exit. Building is pretty quiet with many long time tenants. There is a large kitchen area that the 2nd floor tenants share amongst themselves. The shared conference room is available anytime you need it. We offer free wifi for the whole building. Parking is available for an additional $75/month.
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 10-28-424-087-0000 | Improvements Assessment | $264,613 |
| Land Assessment | $157,388 | Total Assessment | $422,001 |
Property Taxes
Parcel Number
10-28-424-087-0000
Land Assessment
$157,388
Improvements Assessment
$264,613
Total Assessment
$422,001
1 of 63
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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22,000SF OFFICE BUILDING / PRIME LOCATION | 7300 N Cicero Ave
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