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Vacant Industrial - Land Develop - Cicero, IL 1821 S 54th Ave 47,281 SF Industrial Building Cicero, IL 60804 $975,000 ($20.62/SF)
Investment Highlights
- 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
Executive Summary
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 & Operating Expenses (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,633,538,000
|
$98,000.00
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,633,538,000
|
$98,000.00
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $4,633,538,000 |
| Annual Per SF | $98,000.00 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,633,538,000 |
| Annual Per SF | $98,000.00 |
Property Facts
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-21-308-022-0000 | Total Assessment | $281,407 |
| Land Assessment | $265,613 | Annual Taxes | $4,633,538,000 ($98,000.00/SF) |
| Improvements Assessment | $15,794 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-21-308-022-0000
Land Assessment
$265,613
Improvements Assessment
$15,794
Total Assessment
$281,407
Annual Taxes
$4,633,538,000 ($98,000.00/SF)
Tax Year
2025
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Vacant Industrial - Land Develop - Cicero, IL | 1821 S 54th Ave
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