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Cicero, IL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Cicero, Illinois Market population: 83K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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Investment Opportunity in La Grange Park, IL

$1,190,000
La Grange Park Multifamily

This multifamily apartment property located in La Grange Park, IL, presents a compelling investment opportunity for real...

Cap Rate 7.68%
NOI $91,392
Size 5,200 SF

πŸ“Š Average Cap Rate For Cicero IL Properties: 7.68%

πŸ“Š Avg Property Tax Rate For Cicero IL Properties: 2.8300%

πŸ“Š Average Income For Cicero IL Commercial Property: $43,419

Investor Questions For Cicero IL

Common questions from investors exploring commercial real estate in Cicero IL.

What is the overall investment potential of Cicero, IL, considering its demographic and economic indicators? +
Cicero, IL presents a stable investment market, with a median household income of $43,419 and a relatively high poverty rate of 23%, which is somewhat mitigated by an 85% health insurance coverage rate, indicating a degree of employment stability and access to healthcare among its residents, who have an average commute time of 33.4 minutes, often using public transportation, and are employed in top industries like Healthcare & Social Assistance, Retail Trade, and Manufacturing.
How does the ethnic diversity and industry mix in Cicero, IL impact the demand for real estate investments? +
The ethnic diversity in Cicero, IL, with top ethnicities being Mexican, Puerto Rican, and Other Hispanic or Latino, contributes to a vibrant community, while its top industries, including Healthcare & Social Assistance, Retail Trade, and Manufacturing, drive employment and, consequently, the demand for housing, with 58% of the population being homeowners and an average property value of $143,400, suggesting a balanced market with opportunities for both renters and buyers.
What are the implications of the poverty rate and health insurance coverage for tenant quality and investment returns in Cicero, IL? +
The 23% poverty rate in Cicero, IL, combined with an 85% health insurance coverage rate, suggests a working-class market with some degree of employment stability, which can positively impact tenant quality and investment returns, as tenants are more likely to have stable income and access to healthcare, reducing potential rental income losses due to health-related employment absences, and with a gini coefficient of 0.44, indicating a moderate level of income inequality.
How do commute times and transportation methods in Cicero, IL affect the attractiveness of the area for investors and tenants alike? +
The average commute time of 33.4 minutes in Cicero, IL, with a significant portion of the population using public transportation, indicates well-developed infrastructure that supports both residents and businesses, making the area more attractive for investment, as reliable and efficient transportation options are crucial for tenants' quality of life and for maintaining high occupancy rates, especially in a diverse and industrious community like Cicero.
What insights can be gleaned from the median property value, property taxes, and homeownership rate in Cicero, IL, for real estate investment decisions? +
The median property value of $143,400, coupled with a median property tax of $3,481 and a homeownership rate of 58%, provides valuable insights into the Cicero, IL, real estate market, suggesting a relatively affordable market with potential for appreciation, considering the balance between property values and taxes, and the significant portion of the population that owns homes, indicating stability and a potential market for both rental properties and resale opportunities, especially when considering the area's demographic and economic trends.

Cicero IL Real Estate & City Facts

Key facts and real estate information about Cicero IL.

What are some of the best neighborhoods to live in Cicero? +
Some of the best neighborhoods to live in Cicero include the northeast parts of the city, which tend to be more desired, and the southeast regions, which offer more affordable homes. Specifically, areas like Cicero/Laramie/31st are known for their family-friendly atmosphere and diverse food options.
What are some fun things to do in Cicero? +
There are plenty of fun things to do in Cicero, including visiting the Hawthorne Race Course, exploring the Czechoslovak Heritage Museum, and enjoying the outdoors at Cicero Community Park. You can also catch a show or event at the Cicero Stadium or take a tour of the city's historic landmarks.
What is the food scene like in Cicero? +
The food scene in Cicero is diverse and vibrant, with a range of options to suit every taste. Some popular restaurants include El Callejon Del Beso Mexican Restaurant, Al's Italian Restaurant, and Taqueria Aguascalientes. There are also plenty of great food trucks and casual eateries serving up everything from traditional Mexican cuisine to old-school Chinese food.
What are the pros and cons of living in Cicero? +
Living in Cicero has its pros and cons. On the plus side, the city has a rich cultural heritage, a diverse community, and a range of amenities and attractions. However, it also has a moderate crime rate, with common crimes including burglary, larceny, and car theft. Additionally, some areas of the city may be more affordable than others, but may also have fewer amenities and services.
Is Cicero a good place to live? +
Whether or not Cicero is a good place to live depends on your individual priorities and preferences. If you value a diverse community, rich cultural heritage, and a range of amenities and attractions, Cicero may be a great fit. However, if you're looking for a very low crime rate or a more affluent area, you may want to consider other options. Ultimately, it's worth doing your research and weighing the pros and cons before making a decision.
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