Light Industrial Redevelopment
1821 S 54th Ave Cicero, IL 60804
1821 S 54th Ave, Cicero, IL, 60804
$975,000
For Sale
$975,000
Redevelopment-ready infill industrial site with an existing warehouse on a 2.44-acre parcel zoned for light industrial use.
Property Size106,286 SF
Price / SF$9.17
Days on Market31
Property Features for 1821 S 54th Ave
General Information
- Standard status
- Active
- Size
- 106,286 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1931
Listing agency
Marcus & Millichap - Chicago Downtown
(312) 624-7017
Listed by
David B. Tarnoff · License #License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851
(312) 624-7017
Source
Marcusmillichap
Added: Jun 22 Updated: Jul 10 at 2:04PM Checked: Jul 22 at 2:10AM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
1821 S. 54th Ave presents a 2.44-acre infill industrial site with an existing warehouse building totaling approximately 47,281 square feet. The property’s improvements date to circa 1931 and are likely functionally obsolete, supporting a demolition-and-rebuild approach for buyers focused on modern industrial development. Alternatively, the existing building can be utilized for light manufacturing, storage, or service-oriented operations while the site is evaluated for repositioning. The asset is zoned L-I, Light Industrial, providing flexibility for a broad range of logistics and manufacturing uses.
Located just west of Chicago, the site benefits from access to major regional corridors, including I-290 and I-55, along with surrounding arterials. The large parcel size can accommodate new warehouse, flex, or yard-oriented industrial development, depending on the buyer’s intended program.
For tenants, owner-users, and investors, the property offers two practical paths: immediate utilization of the existing structure for suitable light industrial needs, or a redevelopment strategy aimed at creating a modern infill industrial asset. This makes the site particularly relevant for operators seeking proximity to Chicago with the ability to modernize the facility over time.
Located just west of Chicago, the site benefits from access to major regional corridors, including I-290 and I-55, along with surrounding arterials. The large parcel size can accommodate new warehouse, flex, or yard-oriented industrial development, depending on the buyer’s intended program.
For tenants, owner-users, and investors, the property offers two practical paths: immediate utilization of the existing structure for suitable light industrial needs, or a redevelopment strategy aimed at creating a modern infill industrial asset. This makes the site particularly relevant for operators seeking proximity to Chicago with the ability to modernize the facility over time.
Key Highlights
- 2.44‑acre infill industrial site with an existing warehouse totaling approx. 47,281 SF
- Year built: 1931, with improvements likely functionally obsolete and suited for redevelopment planning
- Light Industrial zoning (L‑I) allowing a wide range of logistics and manufacturing uses
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Baolong Food Services — 1445 S Laramie Ave, Cicero, IL 60804
FAQs
What type of property is this?
Flex space - Redevelopment-ready infill industrial site with an existing warehouse on a 2.44-acre parcel zoned for light industrial use.
Where is this flex space located?
The property is located at 1821 S 54th Ave Cicero, IL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2.44‑acre infill industrial site with an existing warehouse totaling approx. 47,281 SF; Year built: 1931, with improvements likely functionally obsolete and suited for redevelopment planning; Light Industrial zoning (L‑I) allowing a wide range of logistics and manufacturing uses