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19,822 SqFt
$ 715,000
Est. payment | /mo
19,822 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 19,822 sqft
Price per Sqft $36
MLS Listing ID 12737927
Year Built 1986
Annual Tax Amount $84,531
Tax Year 2024
Lot Size 1.030 Acres
Lot Dimensions 240x182x250x178
Property Sub-Type Retail/Stores
Property Description
Available for sale is a seven-tenant, one-story, masonry commercial strip building, consisting of 19,822 sf and approximately 40 years of age. The building consists of five front units of retail/office space with warehouse space in the back section. The remaining two rear units are currently being used as office/warehouse space. The rear units are best considered for warehousing. Unit 5160 is approximately 9,600 sf, and units 5158, 5156, 5154, 5152 each contain approximately 1,470 sf, and the two rear warehouse units 12644 and 1264, each contain approximately 2,171 sf. All units contain a drive-in door and one restroom, with the exception of unit 5160 which has three restrooms. The property site consists of 44,693 sf, with an asphalt paved parking lot comprising of 38 exterior parking spaces. As of this listing, four of the seven units are occupied on a month-to-month tenancy. With fully stabilized occupancy, the potential annual income is projected at approximately at $258,580. With estimated expenses, stabilized NOI is projected at about $88,000, with a Cap Rate of 12.3%
Location
State IL
County Cook
Area Alsip / Garden Homes
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
Building
Dwelling Type Retail/Stores
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ira Lauter of L & B All Star Realty Advisors LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "