Cicero, Illinois, offers a diverse range of commercial real estate opportunities, making it an attractive location for investors. With a population of approximately 85,000 residents, Cicero provides a stable market for businesses to grow and thrive. Commercial real estate in Cicero can represent a variety of investments, including retail spaces, office buildings, and industrial properties. The town's location, just a few miles from Chicago, provides easy access to major transportation hubs, including the BNSF Railway and the CTA Pink Line. Additionally, Cicero is home to Morton College, a public community college that offers a range of associate degree programs and vocational training. The town's amenities, including the Cicero Community Park and Warren Park, provide a high quality of life for residents and employees. With its rich history, diverse economy, and convenient location, Cicero is an excellent choice for businesses and investors alike. The town's attractions, such as the Chodl Auditorium and the Chicagoland Sports Hall of Fame, also make it a great place to visit and do business.
Cicero's commercial real estate market offers a range of opportunities, with 27 listings currently available. The average price per square foot is $175 USD, and the average size of commercial properties is 22,791 square feet. Industrial properties in Cicero are also available, with options for manufacturing and distribution facilities. Apartment buildings in the area offer a range of rental options, from studios to multi-bedroom units. Office properties in Cicero provide a professional environment for businesses, with amenities such as conference rooms and parking. Hotels in the area cater to visitors and business travelers, with convenient access to Chicago and its attractions. Overall, Cicero's commercial real estate market offers a diverse range of options for investors and businesses, with a strong potential for growth and development.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Cicero, Illinois, there are several alternatives to consider, including:
- SBA loans, which offer flexible terms and lower down payments, ideal for small businesses and startups;
- Conventional loans, providing competitive interest rates and terms for established businesses;
- Private money loans, suitable for fix-and-flip projects or short-term financing needs, with faster approval processes and more lenient credit requirements.
With 27 available listings of commercial real estate in Cicero, understanding the financing options can help you make an informed decision when investing in a property, such as a retail space with an average price per square foot of $175 USD and an average size of 22,791 square feet, or a larger property with up to 133,565 square feet.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Cicero, Illinois, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 8.2%, investors can gauge the property's income-generating potential, making it essential to understand what is a cap rate and its significance in commercial real estate investing, as explained in our article at what is a cap rate.
In Cicero, where there are currently 27 available listings of commercial real estate, investors must carefully evaluate the cap rate in relation to the property's average price per square foot of $175 USD and average size of 22,791 square feet. By doing so, they can make informed decisions about their investment and ensure a strong potential for returns.
What is considered a commercial property?
In Cicero, Illinois, a commercial property refers to a building or land used for business or commercial activities, such as retail stores, office spaces, restaurants, warehouses, and manufacturing facilities, which can be found among the 27 available listings of Commercial Real Estate for sale in the area.
These properties can range in size from 22,791 square feet to 133,565 square feet, with an average price per square foot of $175 USD and an average cap rate of 8.2%, making Cicero an attractive option for businesses and investors alike.
