Cicero Warehouse with Manufacturing
5919 W Ogden Ave, Cicero, IL 60804
Two-story warehouse with office and manufacturing space on one acre.
Type:Retail, Industrial
Property size:
11,200 SFLot size:
1.00 AcrePrice / SF:
$196/SF- Added:
- Sep 14, 2024
- Days on Market:
- 615
- Last Refresh:
- May 12 at 10:57 pm
Property Features for 5919 W Ogden Ave
General Information
- Standard status
- Active
- Size
- 11,200 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail, Industrial
Listing agent Frank Christiano License #IL
Listing office SKYDAN Real Estate Sales
Listing date Sep 14, 2024
Source Crexi
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 SKYDAN Real Estate Sales
HighLights
- 11,200 sq/ft brick warehouse on a 1‑acre lot.
- Boasts 9,500 sq/ft of manufacturing space.
- Features a powerful 2,400 AMP electric system.
- Includes airlines, water lines & floor drains.
- Suitable for truck repair and/or truck parking.
- High traffic count corner location ideal for redevelopment.
Overview
The property features a two-story brick warehouse with a total area of 11,200 square feet, situated on a 1-acre lot. The building includes air and water lines, as well as floor drains. It is configured with a 1,000-square-foot office space located on the second floor and 9,500 square feet of manufacturing area. The building is equipped with a 2,400 AMP electric system. The property is located on a corner with a high traffic count. It may be suitable for truck repair, truck parking, or redevelopment.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.73M
NOI $155,458 @ 9.00% cap · cautious / downside scenario
Moderate
$2.22M
NOI $155,458 @ 7.00% cap · market / base-case scenario
Aggressive
$3.11M
NOI $155,458 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.9k | $21.60 |
| − Vacancy | −$19.8k | −$1.77 |
| EGI | $222.1k | $19.83 |
| − OpEx | −$66.6k | −$5.95 |
| NOI | $155.5k | $13.88 |
11,200 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$2.22M
$1.94M – $2.59M
NOI $155,458 @ 7.0% cap · market cap 7.07%
Second Best
Office B
$2.21M
$1.93M – $2.57M
NOI $154,430 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$3.87M
$3.38M – $4.51M
NOI $270,679 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar Places Nearby
- Extra Space Storage — 5701 Ogden Ave, Cicero, IL 60804
- Public Storage — 5829 Ogden Ave, Cicero, IL 60804
Location Insight
- Map
- Local Demand
- City
- Cicero
- County
- Cook
- State
- Illinois
- Longitude
- -87.771677
- Latitude
- 41.8341253
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Two-story warehouse with office and manufacturing space on one acre.
Where is this warehouse located?
The property is located at 5919 W Ogden Ave Cicero, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 11,200 sq/ft brick warehouse on a 1‑acre lot.; Boasts 9,500 sq/ft of manufacturing space.; Features a powerful 2,400 AMP electric system.
