5310 W Cermak Rd
Cicero, IL 60804
Huntington Cicero Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Suburban office building with ample parking on-site and a drive-through ATM that benefits from high visibility on a major east-west thoroughfare.
- Value-add opportunity at 50% occupancy allowing a new owner the unique opportunity to lease the second floor and basement space.
- The owner, Huntington National Bank, has investment grade credit and is contemplating a sale leaseback for an initial term of 10 years.
- DJJE Holdings, known for their work with autistic children, has been a tenant since 2019 and their base term is set to run until 2024.
- The structure is made of concrete whereas the roof is composed of interlocking metal terra cotta tiles and it is equipped with one elevator too.
PROPERTY FACTS
Property Type
Building Size
15,462 SF
Building Class
B
Year Built/Renovated
1997/2003
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,154 SF
Building FAR
0.35
Lot Size
1.00 AC
Zoning
R-4 - Apartment - Commercial
Parking
66 Spaces (3.9 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $440,028 | |
| Land Assessment | $119,340 | Total Assessment | $559,368 |
