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    3051 N Cicero Ave Chicago, IL 60651

    For Sale
    $656,000

    6,000 SF warehouse in Chicago's Northwest car dealer district.

    Property size:
    6,000 SF
    Lot size:
    0.07 Acres

    Property Features for 3051 N Cicero Ave

    General Information

    Size
    6,000 SF
    Lot size
    0.07 Acres

    Source: Millennium Properties Real Estate Agent Daniel J. Hyman

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

    Overview

    Rehabbed Warehouse in Business District

    This is a 6,000 square foot warehouse building that has been fully rehabbed. The building features ceiling heights ranging from 11 feet to 15 feet, one 10-foot overhead drive-in door, and 200 amps of power. Recent renovations include a new roof, flooring, and bathrooms. The property is located in the heart of Chicago’s Northwest car dealer business district, offering outstanding visibility on Cicero Avenue. The land area measures 50 feet by 125 feet. The location benefits from a traffic count of 17,199 vehicles daily. The zoning is B 1-1 Belmont/Cicero TIF. Businesses in the surrounding area include Walgreens, Walmart, Aldi, AutoZone, Menards, and Family Dollar. The property can be used for automotive, retail, warehouse, and industrial purposes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Alltimate Catering Catering Food And Drink Supplier

    Suggested Use

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

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

    Similar Places Nearby

    Paragon Car & Van Rental, U-Haul Neighborhood Dealer, Enterprise Rent-A-Car, RD Limo Service, Inc., U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7463956
    Latitude
    41.9366881

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    FAQs

    What type of property is this?
    Automotive property - 6,000 SF warehouse in Chicago's Northwest car dealer district.
    Where is this automotive property located?
    The property is located at 3051 N Cicero Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $656,000.
    What are key features of this property?
    This property features: - Outstanding visibility on Cicero Avenue; - Fully rehabbed building; - Located in heart of Chicago’s Northwest car dealer business district
    (312) 338-3000
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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
    3051 N Cicero Ave Chicago, IL 60651
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