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    Cicero Warehouse with Manufacturing Space Title is generated by Realmo AI

    5919 W Ogden Ave, Cicero, IL 60804

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    Two-story warehouse with office and manufacturing space on one acre.

    Type:Retail, Industrial
    Property size:
    11,200 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $196/SF
    Added:
    Sep 14, 2024
    Days on Market:
    660
    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

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    Frank Christiano
    Frank Christiano

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    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.

    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 Uses

    Best Use
    Retail
    $2.22M
    $1.94M – $2.59M (±1% cap)
    NOI $155,458 @ 7.0% cap · market cap 7.07%
    Second Best
    Office B
    $2.21M
    $1.93M – $2.57M (±1% cap)
    NOI $154,430 @ 7.0% cap · market cap 7.02%
    Theoretical Best
    Office A
    $3.87M
    $3.38M – $4.51M (±1% cap)
    NOI $270,679 @ 7.0% cap · market cap 12.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Big Box & Wholesale Store Building Supply Spa & Massage Center Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    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

    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.
    (708) 450-0110 Call to check price and availability
    More about this property
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