Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cicero Avenue Warehouse For Sale Title is generated by Realmo AI

    3051-3053 N Cicero Avenue, Chicago, IL 60641

    View on Map
    Claim this Listing
    For Sale
    $565,000

    6,000 SF fully rehabbed warehouse near Six Corners.

    Type:Commercial
    Property size:
    6,000 SF
    Price / SF:
    $94/SF
    Added:
    Mar 13, 2025
    Days on Market:
    478
    Last Refresh:
    Apr 5 at 9:12 pm

    Property Features for 3051-3053 N Cicero Avenue

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1939

    We can help!

    Contact an agent
    DANIEL HYMAN
    DANIEL HYMAN

    Listing office MILLENNIUM PROPERTIES RE, INC.

    Listing date Mar 13, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of MILLENNIUM PROPERTIES RE, INC.

    HighLights

    • Fully rehabbed 6,000 sq ft warehouse.
    • Ideal for a private entertainment space.
    • Good frontage on Cicero Avenue with easy access to Six Corners.
    • Located in the Belmont Cragin community, benefiting from population growth and renewed investment.
    • Strong residential consumer base.
    • Quick access to the Expressway.

    Overview

    Located two blocks south of the intersection of Cicero, Belmont, and Diversey Avenues, a 6,000 square foot warehouse is available for sale. The property is fully rehabbed and may be suitable as a private entertainment space. It features frontage on Cicero Avenue and provides access to Six Corners. Situated in the Belmont Cragin community, the location benefits from population growth and investment. Local businesses have access to a residential consumer base, public transportation, and the Expressway.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $56.6k $9.43
    − Vacancy −$3.1k −$0.52
    EGI $53.5k $8.91
    − OpEx −$8.0k −$1.34
    NOI $45.4k $7.57
    6,000 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $649.3K
    $568.1K – $757.5K (±1% cap)
    NOI $45,448 @ 7.0% cap · market cap 8.04%
    Second Best
    Industrial
    $537.5K
    $470.3K – $627.1K (±1% cap)
    NOI $37,626 @ 7.0% cap · market cap 6.66%
    Theoretical Best
    Office A
    $2.83M
    $2.48M – $3.30M (±1% cap)
    NOI $198,029 @ 7.0% cap · market cap 35.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Acupuncture Real Estate Agency Nursing Home Nursing Home Bed & Breakfast Skin Care Clinic (Bike/Boat/Book/etc) Store Catering Service Restaurant

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

    Similar Places Nearby

    • Recall Total Information Management — 3033 N Knox Ave, Chicago, IL 60641
    • Linda Self Storage Units — 4626 W Diversey Ave, Chicago, IL 60639
    • The Ranch Self Storage Unit — 4631 W Diversey Ave, Chicago, IL 60639
    • Near Perfect Storage Units — 4701 w diversey ave, chicago, il 60639
    • Near-by Self Storage Units - Chicago, IL — 4701 W Diversey Ave, Chicago, IL 60639

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7464
    Latitude
    41.9367

    Nearby Similar for Sale

    • $1,300,000
      6,400 SF

      Renovated Chicago Industrial Flex Warehouse

      6,400 SF renovated industrial flex warehouse in Chicago for sale.
      3146 W Chicago Avenue, Chicago, IL 60622
      View Details
    • $949,000
      4,055 SF

      Turnkey Restaurant Venue with PPA License

      Fully renovated restaurant with licenses and uncommitted VGT potential.
      7455 W Irving Park Road, Chicago, IL 60634
      View Details
    • $949,000
      4,055 SF

      Turnkey Restaurant Venue with PPA License

      Fully renovated restaurant with licenses and VGT potential in Chicago.
      7455 W Irving Park Road, Chicago, IL 60634
      View Details
    • $949,000
      4,055 SF

      Turnkey Restaurant Venue with Licenses

      Fully renovated restaurant with licenses and residential unit for sale.
      7455 W Irving Park Road, Chicago, IL 60634
      View Details
    • $649,000
      2,176 SF

      Turnkey Restaurant Opportunity in Chicago

      Below-market lease in East Lakeview, fully equipped restaurant with assets.
      420 W Belmont Avenue, Chicago, IL 60657
      View Details
    • $759,000
      5,000 SF

      Prime Retail Space in Chicago

      Commercial property in a high-traffic retail district.
      4411 N Kedzie Avenue, Chicago, IL 60625
      View Details
    • $1,295,000
      9,744 SF

      Chicago Office Building with Parking

      Two-story office building in Chicago's Clearing neighborhood.
      6350 W 63rd Street, Chicago, IL 60638
      View Details
    • $1,700,000

      Convenience Store Retail Building with Parking

      Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.
      5132 S Racine Avenue, Chicago, IL 60609
      View Details
    • $459,000
      3,000 SF

      Chicago Commercial Buildings For Sale

      Three commercial buildings in a busy Chicago neighborhood retail location.
      1753-1759 W 79th Street, Chicago, IL 60620
      View Details
    • $625,000
      4,593 SF

      Fulton River District Commercial Loft

      Classic timber loft in Fulton River District, Chicago.
      566 W Lake Street, Chicago, IL 60661
      View Details
    • $549,900
      2,806 SF

      Wicker Park Corner Retail Building

      2,806 SF retail building in prime Wicker Park location.
      2357 W North Avenue, Chicago, IL 60647
      View Details
    • $749,000

      Corner Retail Suite in New Elevator Building

      New construction corner space in an 18-unit elevator building with optional street parking acquisition.
      1445 W Chicago Avenue, Chicago, IL 60642
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6,000 SF fully rehabbed warehouse near Six Corners.
    Where is this warehouse located?
    The property is located at 3051-3053 N Cicero Avenue Chicago, IL.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: Fully rehabbed 6,000 sq ft warehouse.; Ideal for a private entertainment space.; Good frontage on Cicero Avenue with easy access to Six Corners.
    (312) 338-3000
    We can help!
    Contact an agent
    DANIEL HYMAN
    DANIEL HYMAN
    Real Estate License ID: 471.013658X
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3051-3053 N Cicero Avenue, Chicago, IL 60641
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!