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    OFF-MARKET
    Auto shops

    1628 Cicero Ave, Cicero, IL 60804-1519

    0.07 ac lot Built 1954
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US28-1192850
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,975 square foot industrial property located at 1628 S Cicero Ave, Cicero, IL 60804, in Cook County. Built in 1954, this property is zoned M1, offering significant potential for a variety of uses. The asking price is $60,000. The property's size and zoning provide a versatile canvas for redevelopment or continued use as a manufacturing or warehouse space. Its location in Cicero, Illinois offers convenient access to major transportation routes, making it an attractive option for businesses needing efficient logistics. This property is being sold by the Cook County Land Bank Authority, presenting a unique chance for an investor or entrepreneur to acquire a property in a prime location at a competitive price. The existing structure provides a solid foundation for a range of projects, allowing for customization to meet specific business needs. This is a rare opportunity to acquire a property with significant upside potential in a desirable area. Serious inquiries are encouraged to explore the possibilities this property offers. The property's age presents an opportunity for renovation and modernization, allowing for the creation of a highly functional and updated space. The 2,975 square foot lot provides ample space for operations and potential expansion.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1954
    Lot 0.07 ac (2,975 SF)
    APN 16-21-407-034
    UPID US28-1192850
    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
    County Of Cook · 2 yrs held
    County Of Cook
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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