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Investment Highlights

  • C-1 Community Commercial Zoning | 36,961 SF Corner Site at Signalized Intersection of Cicero Avenue & Steger Road
  • High-Visibility Southland Redevelopment Opportunity Near I-57, Governors Highway,
  • Standalone Professional Office Building with On-Site Parking and Expansion Potential

Executive Summary

MoHall Commercial presents a rare opportunity to acquire a highly visible standalone commercial property on approximately 0.85 acres at the northwest corner of Cicero Avenue and Steger Road in Richton Park, Illinois. Positioned along one of the South Suburbs' primary commercial corridors and located just minutes from Interstate 57, this property offers the combination of location, land, parking, accessibility, and redevelopment potential that is increasingly difficult to find in today's market. The property consists of an approximately 3,690 square foot two-story brick commercial building situated on a 36,961 square foot site with extensive onsite parking and exceptional street visibility. Zoned C-1 Community Commercial, the property is ideally suited for a wide range of commercial, professional, service-oriented, healthcare, educational, nonprofit, administrative, and community-focused uses. The zoning classification provides flexibility for future ownership while supporting long-term value and occupancy potential. What makes this opportunity particularly attractive is the scale of the site relative to the building footprint. Commercial buyers are continually searching for properties that provide room to operate, expand, accommodate employees and visitors, and adapt to future business needs. With nearly an acre of land, substantial parking capacity, and a standalone building configuration, the property offers the type of functionality that many smaller commercial sites simply cannot provide. The location places users at the center of the Chicago Southland market, serving the surrounding communities of Richton Park, Matteson, Park Forest, Olympia Fields, Country Club Hills, University Park, Frankfort, and neighboring suburban populations. Easy access to Interstate 57 allows employees, customers, clients, vendors, and organizational partners to reach the property efficiently from throughout the south suburban region and the greater Chicago metropolitan area. For owner-users, the property represents an opportunity to establish a long-term headquarters location with dedicated parking, strong visibility, and complete control over the real estate. Professional service firms, medical and behavioral health providers, counseling centers, workforce development organizations, educational institutions, trade schools, community service agencies, nonprofit organizations, and administrative offices will appreciate the flexibility offered by the existing building and oversized site. For investors and developers, the property offers a compelling value-add and repositioning opportunity within a corridor that continues to benefit from regional transportation access and established residential density. The combination of a signalized corner location, commercial zoning, existing improvements, municipal utilities, and significant land area creates multiple paths to future value creation. Opportunities to acquire commercial properties with this level of visibility, parking, and land area are becoming increasingly limited throughout the South Suburban marketplace. Additional property features include municipal water and sewer service, gas and electric utilities to the site, substantial onsite parking, a full basement level for storage or operational support, and a location within Rich Township served by Rich Township High School District 227 and School District 159. Whether the vision is a corporate headquarters, professional office campus, medical office, healthcare facility, educational center, nonprofit headquarters, workforce training center, community services hub, or strategic redevelopment project, 23060 Cicero Avenue offers the foundation to create a lasting presence in one of the South Suburbs' most accessible commercial locations.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Deferred Maintenance
Property Type
Office
Building Size
3,690 SF
Building Class
C
Year Built
1980
Price
$127,449 CAD
Price Per SF
$34.54 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,562 SF
Building FAR
0.09
Lot Size
0.91 AC
Zoning
C-1 - C-1, Community Commercial
Parking
30 Spaces (9.6 Spaces per 1,000 SF Leased)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
31-33-401-007-0000
Land Assessment
$39,195 CAD
Improvements Assessment
$63,341 CAD
Total Assessment
$102,535 CAD
  • Listing ID: 41002637

  • Date on Market: 2026-06-20

  • Last Updated:

  • Address: 23060 S Cicero Ave, Richton Park, IL 60471

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