Industrial Properties in Cicero, Illinois, offer a unique investment opportunity for those looking to tap into the town's growing commercial sector. With a diverse economic landscape and a history of being a factory town, Cicero has a strong foundation for industrial development. Industrial Properties in Cicero can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. The town's location, with easy access to major transportation routes and proximity to Chicago, makes it an attractive location for businesses looking to establish a presence in the region. Additionally, Cicero is home to Morton College, a public community college that offers a variety of associate degree programs and vocational training, providing a skilled workforce for industrial businesses. The town's amenities, including the Cicero Community Park and Warren Park, also provide a high quality of life for residents and employees. With its rich history and diverse economy, Cicero is a great place to invest in an Industrial Property, and with attractions like the Chicagoland Sports Hall of Fame and the St. Mary of Czestochowa church, there's always something to do in this charming suburb.
Currently, there are 13 Industrial Properties for sale in Cicero, offering a range of options for investors. The average price per square foot for Industrial Properties in Cicero is $61 USD, with an average size of 32,984 square feet. The largest Industrial Property available is 156,980 square feet. In addition to Industrial Properties, Cicero also offers a range of other property types, including Warehouses, with their convenient location and easy access to transportation routes, making them ideal for businesses that require quick and efficient shipping and receiving. Land is also available in Cicero, providing opportunities for developers to build new industrial facilities or other commercial projects. Apartment Buildings are another option, offering a chance to invest in the town's growing residential market. Commercial Real Estate, including office buildings and retail spaces, is also available in Cicero, providing a range of options for businesses looking to establish a presence in the town. With its diverse economy and range of property types, Cicero is a great place to invest in commercial real estate.
What is the average price per square foot for industrial properties in Cicero?
The average price per square foot for industrial properties in Cicero is $61 USD, with 13 available listings, ranging in size from 32,984 square feet to 156,980 square feet, and offering an average cap rate of 10.46%.
How do location and transportation access affect industrial property values?
When it comes to industrial properties for sale in Cicero, location and transportation access play a significant role in determining property values, as they directly impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major transportation facilities, such as the BNSF Railway and the Belt Line Railroad, as well as public transportation options like Metra's BNSF Line and the CTA Pink Line, can increase property values due to the convenience and accessibility they provide.
- Industrial properties located near major highways and interstates, such as I-290 and I-55, can also command higher prices due to their ease of access to regional and national markets.
- In Cicero, where there are currently 13 industrial properties available, with an average price per square foot of $61 USD and an average size of 32,984 square feet, location and transportation access can significantly impact property values, with those in prime locations commanding higher prices and average cap rates of 10.46%.
