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Active - Other for sale
Alsip, IL
Facts & features
Why you’ll love it
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%
Listed by: Ira Lauter • L & B All Star Realty Advisors LLC
Co-listed by: L & B All Star Realty Advisors LLC
Source: MRED as distributed by MLS GRID, MLS#: 12737927
Based on information as of Sep 01, 2026 at 07:16pm EDT.
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Affordability
$10,660/mo
- Mortgage$3,615
- Property tax$7,044
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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About Alsip
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
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Disclaimer
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Sep 01, 2026 at 07:16pm EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
