1300-1306 Central Ave - Warehouse FOR SALE


Cicero, IL 60804
$59,000 USD
847-849-1912
1300-1306 Central Ave, Cicero, IL for Sale
$59,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

1300-1306 Central Ave
Cicero, IL 60804


HIGHLIGHTS

  • Unlimited opportunity
  • User/Investor Opportunity For Sale
  • Pedestrian-oriented
  • Proximity to I-290
  • Vibrant submarket

OVERVIEW

Once a masonry warehouse, this valuable piece of Cicero has been rezoned Residential. Buy this, tear it down, develop, and good things can happen. This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/. This is not a traditional sale. Differences: You must apply on the CCLBA Website prior to touring property. You will be vetted for outstanding Cook County Real Estate Taxes, Judgements, and Liens. Once approved to tour, it is highly recommended to bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation. You will need a contractor’s estimate to bring property to occupancy permit. You will need a letter or email of support from the Village or City. You will need to show the CCBA funds to acquire and rehab the property. The Real Estate taxes on these properties are typically very high on a per foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss. Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing. Buyers pay their own brokers directly. Similarities: I am here to help you navigate through the process. Located in Opportunity Zone

FOR SALE DETAILS

PRICE

$59,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,632

ZONING

R1

APN/PARCEL ID

16-20-215-020-0000,16-20-215-021-0000,16-20-215-022-0000

ASK ABOUT THIS PROPERTY

Steven KohnAvison YoungMore Info
847-849-1912

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Steven KohnAvison YoungMore Info
847-849-1912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.