5160 W 127th St - Storefront Retail/Office FOR SALE


Alsip, IL 60803
$715,000 USD
773-230-1031
5160 W 127th St, Alsip, IL for Sale
$715,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 12.38% Cap Rate

5160 W 127th St
Alsip, IL 60803


OVERVIEW

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%

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$36 USD /SF

CAP RATE

12.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

Commercial

APN/PARCEL ID

24-28-400-058-0000

ASK ABOUT THIS PROPERTY

Randy FerinoLB All-Star Realty Advisors LLCMore Info
773-230-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Randy FerinoLB All-Star Realty Advisors LLCMore Info
773-230-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.