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Vacant Industrial - Land Develop - Cicero, IL 1821 S 54th Ave 47 281 pi² Industriel Immeuble Cicero, IL 60804 1 384 402 $ CAD (29,28 $ CAD/pi²)
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Prime Infill Development Site - 106,286 Square Feet Land = $9.17 per Square Foot
- Dense Industrial Submarket - Over 25 Percent Jobs Tied to Industrial/Logistics Sectors
- Cicero is Home to One of the Largest Intermodal Rail Hubs in the Midwest - Connects Four Major Rail Lines
- Existing 47,281 Square Foot Vacant Building - Zoned Light Industrial ( L - I )
- Adjacent to Railroad Tracks
Résumé de l'annonce
INVESTMENT OVERVIEW
Infill Industrial Redevelopment or Value-Add Lease-Up Opportunity:
1821 S. 54th Avenue Offers a Rare Opportunity to Acquire a 2.44-Acre Industrial Site with an Existing Approximately 47,281-Square-Foot Building in One of Chicago’s most Established Infill Industrial Corridors.
The Asset Supports a Dual Investment Strategy, with Redevelopment Representing the Highest and Best Use.
Redevelopment Opportunity (Primary Thesis) = $9.17 per Land Square Foot
The Site is Ideally Suited for Modern Industrial Redevelopment:
• Infill Location is just West of Chicago with Strong Access to I-290, I-55, and Key Arterials
• Infill Location is just West of Chicago with Strong Access to I-290, I-55, and Key Arterials
• Large 2.44-Acre Parcel Capable of Supporting New Warehouse, Flex, or Yard-Oriented Industrial
• Existing Improvements (c. 1931) Likely Functionally Obsolete, Making Demolition and New Construction Economically Viable
• Industrial Zoning ( L- I Light Industrial) Allows a Wide Range of Logistics and Manufacturing uses Positioning: Covered Land Play Targeting New Infill Industrial or Contractor Yard Development.
Value-Add Lease-Up (Secondary Strategy)
The Existing Approximately 47,281-Square-Foot Building Provides Near-Term Income Potential:
• Suitable for Light Manufacturing, Storage, or Service Users
• Demand from Contractors, Small Bay Users, and Owner-Users Seeking Proximity to Chicago
• Opportunity to Reposition Rents and Improve Occupancy with Moderate Capital
However, Older Construction may Limit Long-Term Competitiveness Versus Modern Product.
Key Highlights
• 2.44-Acre Infill Site in Supply-Constrained Market
• Dual Execution Strategies: Redevelopment or Lease-Up
• Light Industrial Zoning (L - I)
• Strong Demand from Last-Mile and Local Industrial Users
• Value Creation through Modernization or Repositioning
Infill Industrial Redevelopment or Value-Add Lease-Up Opportunity:
1821 S. 54th Avenue Offers a Rare Opportunity to Acquire a 2.44-Acre Industrial Site with an Existing Approximately 47,281-Square-Foot Building in One of Chicago’s most Established Infill Industrial Corridors.
The Asset Supports a Dual Investment Strategy, with Redevelopment Representing the Highest and Best Use.
Redevelopment Opportunity (Primary Thesis) = $9.17 per Land Square Foot
The Site is Ideally Suited for Modern Industrial Redevelopment:
• Infill Location is just West of Chicago with Strong Access to I-290, I-55, and Key Arterials
• Infill Location is just West of Chicago with Strong Access to I-290, I-55, and Key Arterials
• Large 2.44-Acre Parcel Capable of Supporting New Warehouse, Flex, or Yard-Oriented Industrial
• Existing Improvements (c. 1931) Likely Functionally Obsolete, Making Demolition and New Construction Economically Viable
• Industrial Zoning ( L- I Light Industrial) Allows a Wide Range of Logistics and Manufacturing uses Positioning: Covered Land Play Targeting New Infill Industrial or Contractor Yard Development.
Value-Add Lease-Up (Secondary Strategy)
The Existing Approximately 47,281-Square-Foot Building Provides Near-Term Income Potential:
• Suitable for Light Manufacturing, Storage, or Service Users
• Demand from Contractors, Small Bay Users, and Owner-Users Seeking Proximity to Chicago
• Opportunity to Reposition Rents and Improve Occupancy with Moderate Capital
However, Older Construction may Limit Long-Term Competitiveness Versus Modern Product.
Key Highlights
• 2.44-Acre Infill Site in Supply-Constrained Market
• Dual Execution Strategies: Redevelopment or Lease-Up
• Light Industrial Zoning (L - I)
• Strong Demand from Last-Mile and Local Industrial Users
• Value Creation through Modernization or Repositioning
Taxes et dépenses d’exploitation (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Taxes |
6 579 160 330 $
|
139 150,19 $
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
6 579 160 330 $
|
139 150,19 $
|
Taxes et dépenses d’exploitation (Réel - 2025)
| Taxes (CAD) | |
|---|---|
| Annuel | 6 579 160 330 $ |
| Annuel par pi² | 139 150,19 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 6 579 160 330 $ |
| Annuel par pi² | 139 150,19 $ |
Faits sur la propriété
1 1
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Bons transports en commun
60/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 16-21-308-022-0000 | Évaluation totale | 399 854 $ CAD |
| Évaluation du terrain | 377 412 $ CAD | Impôts annuels | 6 579 160 330 $ CAD (139 150,19 $ CAD/pi²) |
| Évaluation des bâtiments | 22 442 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
16-21-308-022-0000
Évaluation du terrain
377 412 $ CAD
Évaluation des bâtiments
22 442 $ CAD
Évaluation totale
399 854 $ CAD
Impôts annuels
6 579 160 330 $ CAD (139 150,19 $ CAD/pi²)
Année d’imposition
2025
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Vacant Industrial - Land Develop - Cicero, IL | 1821 S 54th Ave
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