5138 W 16th St
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5138 W 16th St
8,200 SF Industrial Building Cicero, IL 60804 $105,351 CAD ($13 CAD/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.
Another Opportunity From The Cook County Land Bank Authority
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.
Another Opportunity From The Cook County Land Bank Authority
Property Facts
| Price | $105,351 CAD | Rentable Building Area | 8,200 SF |
| Price Per SF | $13 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1970 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.49/1,000 SF |
| Building Class | B | Clear Ceiling Height | 18 ft |
| Lot Size | 0.19 AC | No. Drive In / Grade-Level Doors | 1 |
| Price | $105,351 CAD |
| Price Per SF | $13 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.19 AC |
| Rentable Building Area | 8,200 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 0.49/1,000 SF |
| Clear Ceiling Height | 18 ft |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- 24 Hour Access
- Security System
- Signage
- Fluorescent Lighting
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 16-21-224-028-0000 | Improvements Assessment | $101,227 CAD |
| Land Assessment | $28,304 CAD | Total Assessment | $129,530 CAD |
PROPERTY TAXES
Parcel Number
16-21-224-028-0000
Land Assessment
$28,304 CAD
Improvements Assessment
$101,227 CAD
Total Assessment
$129,530 CAD
zoning
| Zoning Code | M-1 (Industrial - manufacturing and warehousing) |
| M-1 (Industrial - manufacturing and warehousing) |
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5138 W 16th St
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