Cicero Industrial Building/ Land Re-Development — Sale in Cicero, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Cicero, IL 60804
  • Submarket: Interstate 80 Corridor
  • Year built: 1931

Photos

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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 over 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 • 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: • Prim

Market Context

This industrial in Cicero, IL is listed for sale. The building dates to 1931. Compare it against other industrial listings for sale in Cicero, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

Is the Chicago industrial market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Price per SF

$36.69/SF – $266.83/SF

Mid: $111.18/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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