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    OFF-MARKET
    Retail space

    1347 Laramie Ave, Cicero, IL 60804-1355

    0.07 ac lot Built 1927
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-1720215
    Property summary
    AI-generated overview

    This exceptional commercial property at 1347 S Laramie Avenue in Cicero, IL, presents a unique investment opportunity. Boasting approximately 11,000 square feet of versatile space, this brick building is strategically located on a prominent corner directly across from a major Amazon warehouse, ensuring high visibility and accessibility. The main building features a welcoming reception area, a private office, an open-concept workspace, and a convenient kitchen. A substantial side warehouse offers ample room for operations, including two bathrooms and multiple storage areas. The property also includes several parking spaces equipped with electrical hookups for diesel trucks, a valuable asset during colder months. The 3,000 square foot main building, combined with the warehouse space, creates a highly functional layout suitable for a wide range of businesses. Potential uses include, but are not limited to: manufacturing, distribution, automotive repair, wholesale operations, storage and fulfillment, light industrial activities, construction equipment storage, food processing or packaging, artisan workshops, and specialized trade services. This high-demand location offers unparalleled exposure to a significant volume of daily traffic, making it an exceptional choice for businesses seeking a thriving and easily accessible location. The asking price is $1,050,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1927
    Lot 0.07 ac (3,013 SF)
    APN 16-21-208-023
    UPID US28-1720215
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gp & Rp Properties LLC · 2 yrs held
    Gp & Rp Properties LLC
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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