The exceptional optoelectronic capabilities of all‐inorganic metal halide perovskite semiconductor components open up a multitude of possible applications. Among all the metal halides, the chloride of cesium cadmium has not been investigated in great detail. Here, we describe a straightforward method for creating CsCdCl3 perovskite single crystals using the slow evaporation solution growth approach. These were investigated by utilizing X‐ray powder diffraction, and optical and impedance spectroscopies. The creation of a single‐phase with a hexagonal‐type structure was verified by the X‐ray powder diffraction (XRPD) data. The compound's semiconductor characteristics were verified by the optical measurement, indicating a direct band‐gap value of about 3.16 eV. The absorption and reflectance spectrum was also used to calculate and explain the optical extinction coefficient, Urbach energy, and skin depth as functions of the input photon's wavelength. Besides, the impedance spectroscopy technique was employed to investigate the characteristics of this component, across a frequency range of 10−1 Hz to 106 Hz and at temperatures ranging from 313 K to 453 K. The frequency behavior of the AC conductivity, σac, was analyzed using the universal Jonscher law. The outcomes of the charge transport investigation on CsCdCl3 imply that the perovskite material possessed a quantum mechanical tunneling (QMT) model for T < 363 K and a large polaron tunneling (OLPT) paradigm for T > 363 K. A correlation between the ionic conductivity and the crystal structure was established and discussed. Ultimately, the low dielectric loss and high dielectric constant of CsCdCl3 make it a promising material for energy harvesting devices.