Year Build: 1996
Building Size: 15,100 SqFt.
No of Stories: 1
Total Lot Area: 1.37 Acre
No of Parking: 110
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: Not Specified
Property on Ground Lease?: Yes
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Metal
Occupancy: 100%
Full Description
Planet Fitness is located at 2300 S. Cicero Avenue (32,900 VPD), in between West Cermak Road (29,900 VPD) and West Ogden Avenue (23,700 VPD). The building occupies 15,100 square feet of space with a total land area of approximately 1.37 acres. The building was built in 1996, with a
retrofit / renovation in 2010, and has 110 parking spaces. The subject property is adjacent from the 289,333 SF Hawthorne Works Shopping Center, anchored by AMC Showplace Cicero 14 and Cermak Produce grocery store. Menards is directly south of the subject property. The subject property benefits from being the only Planet Fitness franchise within a two mile radius and has minimal immediate competition; there are only three gyms within Cicero’s boundary. The nearest competition outside of Cicero is about 2 miles away, giving Planet Fitness a great opportunity to capture a large market share in the community. The property benefits from extremely convenient access to the Chicago ‘L’ Pink Line Cermak station,
as it is just a quarter mile north of the site and has an annual passenger volume of over 335,000. The subject property sits within a strong retail corridor along S. Cicero Avenue, which has over 44,000 VPD. National retailers within a half mile include: The Home Depot, Sam’s Club, Aldi,
Walgreens, Bank of America, Aarons, US Bank, and GNC, among others.