www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33342496
33342495

3501 South Laramie Avenue, Cicero, IL 60804

SM
IL IL 475147713
Hilco Global
JS
IL IL475753437
Hilco Global
JC
IL, NY
Hilco Global
Listed by Hilco Global
Unpriced
1 day on market
Updated 1 day ago

Hawthorne Race Course | 108± AC Industrial Redev Opportunity

Details
Property Type Industrial, Land (+1)
Sub Type Flex, Industrial (+1)
Acreage 108.000
Zoning I-2 (Heavy Industrial District)
Ground Lease No

Minutes From I-55, Midway Airport, Major Rail Infrastructure & Regional Port Access

Marketing description

Hilco Global presents the sale of Hawthorne Race Course. Operating for over 135 years, the race track can be sold as a going-concern or redevelopment opportunity.

Spanning 108± contagious AC, the property represents a rare, highly-desirable industrially-zoned parcel with a variety of future uses given its prominent location and scale.

Located just south of the Industrial Corridor – Roosevelt/Cicero, this site is one of the largest remaining redevelopment parcels in the Chicagoland area. Combining hard-to- replicate contiguous land mass, immediate highway access and strategic positioning to major transportation infrastructure, this offering presents a compelling opening for modern logistics, distribution, manufacturing or mixed industrial uses in a supply-constrained urban market.

Chicago stands as one of the world’s premier centers for business and commerce, where unparalleled transportation infrastructure, deep labor pools, institutional capital, corporate leadership and industrial scale converge. As the anchor of the Chicago-Naperville-Elgin MSA, this region is home to approximately 9.3 million residents, a workforce of nearly 5 million, and one of the world’s largest metropolitan economies, with an estimated GRDP of $929 billion in 2025.

Chicago’s central U.S. location and transportation infrastructure make it one of the nation’s most important logistics hubs. The region handles more than 50% of the nation’s rail and intermodal activity and is the largest intermodal container handler in the Western Hemisphere, reinforcing its role as a premier inland port. This logistical advantage is supported by Chicago’s position as the second-largest industrial real estate market in the U.S., with over 1.2 billion SF of industrial inventory. For industrial users, developers and investors, Chicago delivers the rare combination of national distribution reach, skilled labor availability, institutional-quality infrastructure and long-term economic stability—making for a highly strategic opportunity in one of America’s most durable and supplychain- critical markets.

Bids are due by June 26. On-site inspections will be held by appointment only.

Subject to approval by U.S. Bankruptcy Court, Northern District of Illinois (Eastern Division), Petition No. 1:26-bk-03505, In re: Hawthorne Race Course, Inc. Hilco Global in cooperation with Jeff Azuse, IL Broker, Lic. #471.011086.

No representations or warranties of any kind are given by the Disclosing Party with respect to the accuracy, appropriateness or completeness of any information provided herein except to the extent otherwise provided in a written agreement to which the Disclosing Party is a party.

Investment highlights

  • Irreplaceable large-scale, urban infill redevelopment parcel
  • Exceptional, regional multi-modal transportation connectivity
  • 10 miles from downtown Chicago
  • Ideal zoning permits manufacturing, warehousing & logistics use
  • Significant frontage along Cicero Ave. (~1,500’) & Laramie Ave. (~2,000’)

Listing Contacts

SM
IL IL 475147713
Hilco Global
JS
IL IL475753437
Hilco Global
JC
IL, NY
Hilco Global
Listed by Hilco Global

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Stephen Madura
License
IL 475147713
Brokerage
Hilco Real Estate
Brokerage Phone
855-755-2300
Title
Sr. Vice President
Brokerage Address
5 Revere Drive
Name
Joel Schneider
License
IL475753437
Brokerage
Hilco Real Estate, LLC
Title
Broker
Brokerage Address
5 Revere Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591