5138 W 16th St - Warehouse FOR SALE


Cicero, IL 60804
$75,000 USD
847-849-1912
5138 W 16th St, Cicero, IL for Sale
$75,000 USD
Warehouse - FOR SALE
1/5
null | Request Cap Rate

5138 W 16th St
Cicero, IL 60804


HIGHLIGHTS

  • This property is offered for sale by the Cook County Land Bank Authority | See the information below for key differences from a traditional sale.
  • This spacious warehouse totals 8,200 SF on a 0.19 acre lot with M-1 zoning, providing an ideal solution for wholesale or warehousing businesses.
  • Desireable features include an 18' clear height, a drive-in dock, and a security system for 24-hour access.
  • A prime location just one mile off Interstate 290 and 15 minutes from Downtown Chicago supports easy movement of goods around the greater market.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$75,000 USD

PRICE/SF

$9 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19

LAND SF

8,276

ZONING

M-1

APN/PARCEL ID

16-21-224-028-0000

ASK ABOUT THIS PROPERTY

Steven KohnAvison YoungMore Info
847-849-1912

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

Steven KohnAvison YoungMore Info
847-849-1912

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