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Cicero Avenue Warehouse For Sale

3051-3053 N Cicero Avenue, Chicago, IL 60641

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For Sale

$565,000

6,000 SF fully rehabbed warehouse near Six Corners.

Type:Commercial

Property size:

6,000 SF

Price / SF:

$94/SF

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.

We can help!

Contact an agent

DANIEL HYMAN

Learn more

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

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

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

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Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.7464
Latitude: 41.9367

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For sale
Warehouses
IL
Chicago
60641
3051-3053 N Cicero Avenue

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.

3051-3053 N Cicero Avenue, Chicago, IL 60641

6,000 SF fully rehabbed warehouse near Six Corners.

Property Features for 3051-3053 N Cicero Avenue

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Chicago Commercial Buildings For Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

Corner Retail Suite in New Elevator Building

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