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1300-1306 Central Ave

4,100 SF Industrial Building Cicero, IL 60804 $59,000 ($14/SF)

Warehouses Illinois Cicero 1300-1306 Central Ave, Cicero, IL 60804

Investment Highlights

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

Executive Summary

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

Attachments

1300-06 Central, Cicero
CCLBA instructions

Financial Summary (Actual - 2021) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2021) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $59,000 No. Stories 1
Price Per SF $14 Year Built 1963
Sale Type Investment or Owner User Tenancy Single
Property Type Industrial Parking Ratio 3.66/1,000 SF
Property Subtype
Warehouse
  • Office Office Live Work Unit
 Clear Ceiling Height 15 FT
Building Class C No. Drive In / Grade-Level Doors 4
Lot Size 0.29 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area 4,100 SF
Price $59,000
Price Per SF $14
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Office Office Live Work Unit
Building Class C
Lot Size 0.29 AC
Rentable Building Area 4,100 SF
No. Stories 1
Year Built 1963
Tenancy Single
Parking Ratio 3.66/1,000 SF
Clear Ceiling Height 15 FT
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-20-215-020-0000
  • 16-20-215-021-0000
  • 16-20-215-022-0000
 Total Assessment $227,988 (2023)
Land Assessment $100,800 (2023) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $127,188 (2023) Tax Year 2021

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-20-215-020-0000
  • 16-20-215-021-0000
  • 16-20-215-022-0000
Land Assessment
$100,800 (2023)
Improvements Assessment
$127,188 (2023)
Total Assessment
$227,988 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021

zoning

Zoning Code R1
R1
(847) 849-1912

  • Listing ID: 26932526

  • Date on Market: 10/25/2022

  • Last Updated:

  • Address: 1300-1306 Central Ave, Cicero, IL 60804

More public record information on 1300-1306 Central Ave, Cicero, IL 60804

The Industrial Property at 1300-1306 Central Ave, Cicero, IL 60804 is currently available For Sale. Contact Avison Young for more information.

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1300-1306 Central Ave
(847) 849-1912 x

1300-1306 Central Ave

Steven Kohn

(847) 849-1912

(847) 849-1912

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