3358 N Cicero
Chicago, IL 60641
Portage Park Development · Land For Sale
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3.84 AC
Investment Highlights
- Portfolio of Two Leased Car Dealerships
- Potential redevelop portions of site
- Includes Three Full, Adjacent Blocks with 800’ of Frontage
Property Facts
| Property Type | Land | Total Lot Size | 3.84 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial | ||
| Zoning | C2-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.84 AC |
| No. Stories | 1 |
| Zoning | C2-1 |
Description
A portfolio of two leased car dealerships at a stoplit corner is available for sale. The dealerships are all located along busy Cicero Ave. in Chicago’s Belmont Craigin neighborhood. The portfolio includes a two story, 53,800 square foot dealership leased to City Mazda. This building includes a showroom space, an auto repair area plus a 2,000 square foot basement. City Mazda also has two fenced lot areas with frontage on Cicero. There is a 5,500 square foot used car dealership at 3250 N Cicero that is leased to Millennium Auto Sales on a full block parcel. In addition to the dealership buildings, there are three fenced and secured lots leased by these tenants. The portfolio has strong in-place income and includes the potential to redevelop all of the sites. The sites can also potentially be rezoned.
Property Taxes
| Parcel Number | 13-21-415-038-0000 | Improvements Assessment | $3,273 |
| Land Assessment | $29,294 | Total Assessment | $32,567 |
Property Taxes
