Cicero Ave. Redevelopment - 1.39 acres

20857 South Cicero Avenue Matteson, IL 60443

20857 South Cicero Avenue, Matteson, IL, 60443
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FOR SALE
Property Type:
Restaurant
Amount:
$699,000
Last Verified:
Apr 18, 2024

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Highlights

  • 1.39 acre site
  • Redevelopment opportunity
  • Full Basement
  • Plans in place for full service restaurant/bar
  • Strong Retail location for potential re-development

Description

Investment opportunity in Matteson! 10,000 SF building rests on a prime 1.39 acre site, presenting a redevelopment opportunity. With a full basement and plans in place for a full-service restaurant/bar, this property is tailor-made for retail, restaurant or a completely new development project. Located in a strong retail area with its ideal size, versatile layout, and strategic location, this property offers the perfect redevelopment opportunity. Currently owned by non-profit. Use due diligence on real estate taxes.

1.39 Acre high visibility site. Across from Home Depot and Culver's. North and South access onto Cicero from site. Located in the thriving retail and entertainment district of Matteson, the area around the property features a bustling mix of dining, shopping, and entertainment options. With convenient access to major transportation routes, the location offers high visibility and access to a diverse customer base. The area's dynamic mix of residential and commercial activity creates an exciting opportunity for retail and restaurant investors to establish a vibrant presence in this prime location.

Building Size: 10000sq ft
Lot Size: 1.39 acres


Documents

Sale Brochure (Network)

Map of 20857 South Cicero Avenue, Matteson, IL, 60443

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.