4839 128Th PlAlsip, IL 60803

Property Details for 4839 128Th Pl

Year built

1972

Lot size

0.42 AC

Property size (Sq ft)

13,880 SF

Property type

Industrial properties

Property subtype

Other industrial properties

APN

24-33-203-024

APU

2433203024

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $5,105,713

  Hospitality

  $4,676,806

  Educational

  $3,891,048

  Medical

  $4,024,866

  Retail

  $6,052,740

Location Insight

City

Alsip

County

Cook

State

Illinois

Latitude

41.6584

Longitude

-87.7409

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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