Light Industrial Redevelopment
For Sale
$975,000
1821 S 54th Ave, Cicero, IL 60804
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 Market51
Property Features for 1821 S 54th Ave
General Information
Standard status
Active
Size
106,286 SF
Property subtype
Vacant-User
Amenities
Prime Infill Development Site - 106,286 Square Feet Land = $9.17 per Square Foot
Existing 47,281-Square-Foot Vacant Building - Zoned Light Industrial ( L - I )
Dense Industrial Submarket - Over 25 Percent Jobs Tied to Industrial/Logistics Sectors
Cicero is Home to One of the Largest Intermodal Rail Hubs in the Midwest - Connects Four Major Rail Lines
Adjacent to Railroad Tracks
Building Details
Building Size
106,286 SF
Year Built
1931
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 624-7017
Listed By:
David Tarnoff · License #License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851
(312) 624-7017
Source:
Marcusmillichap
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 4:43AM
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
Current Use
Location Intelligence
Trade Area within ½ mile
595
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Baolong Food Services — 1445 S Laramie Ave, Cicero, IL 60804
Frequently Asked Questions
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
