1628 Cicero Ave, Cicero, IL 60804-1519
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.
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.