1821 S 54TH AVE CICERO IL 60804
Vacant Industrial or Land for Re-Development
Marketing description
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
Summary - While the Existing Building Offers Short-Term Leasing Upside, the Primary Opportunity is to Reposition the Site into a Modern Infill Industrial Asset, Capturing Long-Term Value in a High Demand, Supply-Constrained Location
Investment highlights
- Prime Infill Development Site - 106,286 Square Feet Land = $9.17 per Square Foot
- Existing 47,281 Square Foot Vacant Building - Zoned Light Industrial ( L - I )
- 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
- Adjacent to Railroad Tracks
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