5001 W Ogden Ave
2,542 SF 100% Leased Retail Building Cicero, IL 60804 $99,000 ($38.95/SF)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,542 SF
Building Class
C
Year Built
1950
Price
$99,000
Price Per SF
$38.95
Percent Leased
100%
Building Height
1 Story
Building FAR
0.27
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
M-1
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $12,345 | |
| Land Assessment | $72,286 | Total Assessment | $84,631 |
