Industrial Warehouse with Loading
1411 S Laramie Avenue, Cicero, IL 60804
For Sale
$550,000
Office space, heavy power, and a drive-in door support a range of industrial operations.
Property Size9,957 SF
Lot Size0.35 Acres
Price / SF$55.24
Days on Market10
Property Features for 1411 S Laramie Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Office Build-Out
Dock-High Doors
Drive-In Doors
Heavy Power
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Mango Realty Group
Listed By:
Man Ching Ng · License IL #471020356
(773) 886-0660
Source:
Amberrealty
Added: Nov 1
Changed: Nov 9
Last Checked: Nov 10 at 7:24AM
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 Mango Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1975, this 9,957-square-foot warehouse includes approximately 1,200 square feet of office space. The facility has a truck-height exterior loading dock, a 9' x 9' drive-in door, heavy power, and ceiling heights of 10'10". Up to 12 cars can park off street. The site covers approximately 15,250 square feet across five lots, and the property is zoned M1. Distribution, light manufacturing, and service-related operations are identified as potential uses.
The property is directly opposite the Amazon Distribution Center and a few blocks from I-290. Downtown Chicago is minutes away.
The property is directly opposite the Amazon Distribution Center and a few blocks from I-290. Downtown Chicago is minutes away.
Key Highlights
- 9,957‑square‑foot warehouse on approximately 15,250 square feet across five lots
- Approximately 1,200 square feet of office area
- Truck‑height exterior loading dock and one 9' x 9' drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,862
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,240
$857.2K
Cap Rate 7%
$612,314
$612.3K
Cap Rate 9%
$476,244
$476.2K
Market Conditions
NOI Build-Up for 9,957 SF
Gross rent
$64.5K $6.48/SF
− Vacancy
−$3.3K −$0.33/SF
EGI
$61.2K $6.15/SF
− OpEx
−$18.4K −$1.84/SF
NOI
$42.9K $4.30/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,240
Cap Rate 7%
$612,314
Cap Rate 9%
$476,244
Alternative Uses
Best Use
Warehouse
$743.5K
$650.6K – $867.4K
NOI $52,046 @ 7.0% cap · market cap 9.46%
Second Best
Industrial
$612.3K
$535.8K – $714.4K
NOI $42,862 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$3.82M
$3.35M – $4.46M
NOI $267,644 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60804, IL
85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Cook County, IL
Properties on Market for Warehouses in Cook County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Near Perfect Self Storage Units - Chicago IL — 5106 W Chicago Ave, Chicago, IL 60651
- Cicero Storage Facility — 933 N Cicero Ave, Chicago, IL 60651
- Wolley Movers Chicago — 1040 N Cicero Ave, Chicago, IL 60651
- Donna Boxed Self Storage Facility — 5308 W Division St, Chicago, IL 60651
- Kelly Stellar Self Storage Facility — 5370 W Division St, Chicago, IL 60651
Frequently Asked Questions
What type of property is this?
Warehouse - Office space, heavy power, and a drive-in door support a range of industrial operations.
Where is this warehouse located?
The property is located at 1411 S Laramie Avenue Cicero, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 9,957‑square‑foot warehouse on approximately 15,250 square feet across five lots; Approximately 1,200 square feet of office area; Truck‑height exterior loading dock and one 9' x 9' drive‑in door
