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Light Industrial Redevelopment Warehouse

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
Listed by David B. Tarnoff · License #License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851
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.

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

Suggested Use

Real Estate Agency Law Firm Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Garden Center Hotel & Motel Pharmacy Accounting Firm

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

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
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