4839 128Th PlAlsip, IL 60803

This 13,648-square-foot industrial building in Alsip, IL, presents a compelling owner-user opportunity. Priced at $788,000 ($57.74/SF), it boasts a strong 8.98% cap rate and a substantial net operating income (NOI) of $70,754. The property, built in 1973 and renovated in 2017, features a two-story design with 7,679 square feet of office space and 5,969 square feet of warehouse space. Warehouse features include 13-foot clear heights, two drive-in doors, and ample 400 amp 240-volt and 800 amp 240-volt power feeds. Parking accommodates 25 vehicles. The building benefits from a new roof and convenient access to I-294 via 127th Street. The property is situated in a thriving area with a strong workforce, featuring a high concentration of trade, transportation, and goods-producing industries within a 5-mile radius. The current lease is NNN, vacant, and expires August 31, 2026, offering flexibility for an owner-occupier. Additional amenities include a shower, conference room, and break room. The property is zoned I1 INDUSTRIAL-LIGHT and sits on an 18,257-square-foot lot. The next rent bump is scheduled for September 1, 2024. This is an exceptional opportunity for a business seeking a well-located, functional, and profitable industrial space.