Investment Overview

Marcus & Millichap is pleased to present the Cicero Avenue Portfolio, a 1.7 acre mixed-use and redevelopment assemblage located at 2100-2125 South Cicero Avenue in Cicero, Illinois. The town of Cicero is located approximately seven miles west of the Chicago Loop and approximately four and one-half miles north of Chicago’s Midway International Airport. The portfolio is situated along Highway 50 (South Cicero Avenue), one of the town’s major thoroughfares, and sits adjacent to the Cicero CTA Pink Line. The mixed-use property at 2100-2124 Cicero Avenue consists of one (1) two-bedroom / one-bathroom unit, four (4) three-bedroom / one-bathroom units and seven (7) retail spaces. The retail spaces are currently occupied by The Charreada, a local bar and restaurant, Sarita's Flowers & Gifts and Taqueria Aguascalientes, a local Mexican restaurant. On-site, the property features 40 parking spaces, a two-car garage, individual HVAC systems and an outdoor entertainment area. The 36,500+ square-foot parking lot at 2101-2125 Cicero Avenue, features a gated parking lot striped for 107 parking spaces. The site is primed for transit-oriented development (TOD), due to its location to the CTA Pink Line and 300 square-feet of frontage along Cicero Avenue. In addition to the two real estate assets, the sale includes the Taqueria Aguascalientes restaurant, a reputable 30+ year Mexican restaurant, as well as its FF&E and liquor license. The town of Cicero's transient location has spurred recent development over the last few years, including the potential $400 Million Hawthorne Racecourse conversion, two major Amazon distribution centers and the Cicero Avenue corridor redevelopment. This is a unique opportunity for a real estate investor or developer to acquire a 1.7-acre mixed-use redevelopment portfolio, located along a busy Cicero Avenue thoroughfare.