1401 Cicero AveChicago, IL 60651

For Lease
  • Industrial properties
  • 20.38 AC

Property Details for 1401 Cicero Ave

Year built
1994
Lot size
20.38 AC
Property type
Industrial properties
APN
16-22-108-006
APU
1622108006

Description

This exceptional Chicago property offers a unique blend of industrial and office space, ideal for a variety of businesses. Located at 1401 N Cicero Ave, Chicago, IL 60651, this Cook County property boasts a total of 394,000 square feet across two suites, situated on four acres of land. The building, constructed in 1989 and classified as Class B, features a substantial 28,669 square feet of vacant space. The minimum divisible space is 10,512 square feet, with a maximum contiguous space of 18,157 square feet available. The property includes 100 parking spaces, five drive-in bays, and robust power capabilities ranging from 1,200 to 3,200 amps, with voltage options of 277-480v, 3-phase, 4-wire heavy power. The high ceilings measure 32 feet. The zoning is industrial, and the property is conveniently located near the intersection of N Cicero and W Division Streets. A significant feature is the ample truck parking accommodating 100+ trailers. Separate leasing opportunities exist for a truck maintenance garage with three overhead doors and the 18,157 square foot divisible office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $305,873,632
    Hospitality
    $280,178,624
    Educational
    $233,105,312
    Medical
    $241,122,160
    Retail
    $362,608,288
1401 Cicero Ave, Chicago, Illinois

Location Insight

City
Cicero
County
Cook
State
Illinois
Latitude
41.861
Longitude
-87.7424
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$293,198
$670,707
$623
$671,330
-
$2,682,828
$2,492
$2,685,320

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