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    Property profile & analytics
    OFF-MARKET
    Retail space

    1617 Laramie Ave, Cicero, IL 60804-1943

    0.06 ac lot Built 1925
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-5675732
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1925
    Lot 0.06 ac (2,685 SF)
    APN 16-21-400-045
    UPID US28-5675732
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    County Of Cook · 2 yrs held
    County Of Cook
    since 2023
    Last sale
    $87,000
    4 recorded transactions
    2023
    2005
    $87,000
    2001
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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