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    4830 W 16Th St Cicero, IL 60616

    For Sale
    $850,000

    22,841 SF renovated building featuring office and warehouse space.

    Property size:
    22,841 SF
    Lot size:
    0.19 Acres

    Property Features for 4830 W 16Th St

    General Information

    Size
    22,841 SF
    Lot size
    0.19 Acres

    Source: Cawley Chicago Agent Frank Melchert, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Cicero Building For Sale

    This 22,841 square foot building, constructed in 1922, has been fully renovated to headquarters quality, including newer mechanicals and building systems. The layout includes office space on the second, third, and a portion of the first floor, with the remainder of the first floor dedicated to warehouse use. The building features three drive-in doors, including two small drive-in doors into a small garage and one central, large drive-in door. The clear ceiling height is 12 feet. Constructed of masonry, the property includes a newer roof and recent tuck-pointing. It is equipped with full sprinkler coverage, gas forced air heating and central air conditioning throughout the office areas, and heaters in the warehouse. Electrical capacity is 2,000 AMPs. A three-stop passenger elevator with a 2,500 lb capacity is also present. The property has 22 dedicated permit parking spaces for building occupants during normal business hours. The property is zoned M-1 and M-2. The land size is 15,852 square feet. Real estate taxes are $61,819, which equals $2.71 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Extra Space Storage, Public Storage, Nearby Storage Units - Cicero, IL, Nearby Storage Units, Lyons Moving

    Location Insight

    • Map
    • Local Demand
    City
    Cicero
    County
    Cook
    State
    Illinois
    Longitude
    -87.745948
    Latitude
    41.8589259

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    FAQs

    What type of property is this?
    Warehouse - 22,841 SF renovated building featuring office and warehouse space.
    Where is this warehouse located?
    The property is located at 4830 W 16Th St Cicero, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Fully renovated in 1922 to headquarters quality condition with newer mechanicals and building systems.; - 22,841 SF building with a flexible layout including office and warehouse space.; - Excellent loading capabilities with three drive-in doors, including one large central door.
    (312) 208-1561
    Request Owner's contact information
    4830 W 16Th St Cicero, IL 60616
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    Cicero, IL 60616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4830 W 16Th St Cicero, IL 60616
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