11849 Pulaski RdAlsip, IL 60803

Property Details for 11849 Pulaski Rd

Year built

1985

Lot size

0.24 AC

Property type

Auto shops

APN

24-23-324-006

APU

2423324006

Description

This exceptional 0.87-acre property in Alsip, Illinois, presents a compelling redevelopment opportunity. Located at the intersection of 119th Street and Pulaski Road, this offering comprises four lots totaling approximately 37,913 square feet, with potential for expansion to 48,000 square feet by combining with an adjacent lot. The site currently includes a residential home, an industrial warehouse, a vacant 7,813 square foot parcel, and a one-story brick structure. The property is zoned B-1, allowing for diverse commercial uses, including retail and industrial development. Its strategic location offers excellent visibility and accessibility, situated near major interstates I-294, I-57, and I-80, ensuring convenient transportation links. The area boasts strong existing businesses, with nearby neighbors including McDonald's, Dunkin', and Sonic, indicating a thriving commercial environment. This versatile property is ideal for investors seeking a high-impact project with significant potential for return. The Cook County Assessor's Parcel Numbers (APN) are 24-23-324-005, 011, 012, and 013. The asking price is $815,000. Drive-thru potential is also a key feature of this location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,861,162

  6.5%

  $4,487,226

  7%

  $4,166,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,377,487

  Geo Method

  $3,377,487

• Alternative Use

  Use

  Valuation

  Residential

  $3,785,143

  Hospitality

  $3,467,171

  Educational

  $2,884,646

  Medical

  $2,983,853

  Retail

  $4,487,226

Location Insight

City

Alsip

County

Cook

State

Illinois

Latitude

41.6769

Longitude

-87.7193

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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