1617 Laramie Ave, Cicero, IL 60804-1943
This 2,000 square foot warehouse, located at 1617 S Laramie Ave in Cicero, Illinois, presents a compelling investment opportunity. Built in 1925, the property sits on a 2,685 square foot lot and is zoned M`, offering versatile usage potential. The asking price is $60,000, translating to $30 per square foot. Its strategic location offers significant advantages. The property enjoys high visibility due to its proximity to a major transportation artery with an estimated 13,816 vehicles passing daily in 2023. Furthermore, its advantageous position directly across from Cicero Public Works and less than a block from an Amazon distribution hub ensures excellent access to infrastructure and a robust commercial environment. This presents a unique chance for an investor or business owner to acquire a well-situated warehouse in a thriving area of Cook County. The property's age offers potential for renovation and customization to suit specific business needs, maximizing its return on investment. This offering is being sold by the Cook County Land Bank Authority. Serious inquiries are encouraged to explore this exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.