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Multi-Tenant Shopping Center
For Sale
$1,650,000

503 W 153 Street, Phoenix, IL 60426

Commercial Sale, Phoenix, IL

Property SizeContact for details
Lot Size0.53 Acres
Days on Market80

Property Features for 503 W 153 Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMMR
Directions 159th St./-Rt 6-Halsted St. -153rd St. Vincennes Rd. IL- 1 Halsted St. to 153rd St.
Subdivision Phoenix
Standard status Active
APN 29162100100000
Lot size 0.53 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 38000

Utilities

Cooling system Central Air

Building Details

Year built 2007
Floors in Building 1
Number of units 8
Building materials Brick
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad · License #471007186
Added: Jun 8 Changed: Aug 20 Last Checked: Aug 26 at 6:06AM
MLS# 12653501

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This eight-store shopping center contains five tenant spaces and is fully leased. The brick-built property dates to 2007 and has been maintained since construction, with central air conditioning serving the building. Its configuration supports multiple retail or professional occupants within a single commercial asset, while on-site parking is provided.

The property occupies the corner of 153rd Street and Halsted Street in Phoenix, Illinois, near Vincennes Road and IL-1. It is also minutes from the Halsted Street and 159th Street/Route 6 intersection, with Interstate 57 and Chicago Midway International Airport within short distance. The site is zoned COMMR and positioned within a corridor characterized by retail and professional activity.

Key Highlights

  • Eight‑store plaza with 5 tenants
  • Fully leased multi‑tenant commercial property
  • Built in 2007 and maintained thereafter

Property Analytics

Current Use

Profiles II Baber ... Barber Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Building Supply Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

411
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60426, IL

24,114
Population
10,870
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
7.7 sq mi
ZIP Area
3,132
Density / Sq Mi
$40,995
Median Household Income
$29,712
Median Earnings
$987
Median Rent
$88,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • South Holland Plaza 239 W 162nd St, South Holland, IL 60473

Frequently Asked Questions

What type of property is this?
Shopping center - Brick retail center with diversified tenancy, central air, and a prominent commercial-corridor setting.
Where is this shopping center located?
The property is located at 503 W 153 Street Phoenix, IL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Eight‑store plaza with 5 tenants; Fully leased multi‑tenant commercial property; Built in 2007 and maintained thereafter
More about this property
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