Two-Building Truck
For Sale
$2,200,000
11633 S Mayfield Ave, Alsip, IL 60803
Two-building industrial property with truck parking, substantial land area, and connections to several regional interstates.
Property Size17,500 SF
Price / SF$125.71
Days on Market85
Property Features for 11633 S Mayfield Ave
General Information
Standard status
Active
Size
17,500 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Coldwell Banker Realty
Listed By:
Charles Groebe · License #475091121
(312) 981-5500
Source:
Liveliferealty
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 7 at 5:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This truck terminal property includes two buildings totaling 17,500 SF and more than 110,000 SF of land. The site provides parking for over 100 cars along with designated truck parking, supporting transportation and industrial operations.
The property is located at 11633 S Mayfield Ave in Alsip, Illinois, near I-294 with access to I-355 and I-55. A current trucking tenant pays taxes and maintenance in addition to rent, with lease terms available through the broker.
The property is located at 11633 S Mayfield Ave in Alsip, Illinois, near I-294 with access to I-355 and I-55. A current trucking tenant pays taxes and maintenance in addition to rent, with lease terms available through the broker.
Key Highlights
- Two buildings totaling 17,500 SF
- More than 110,000 SF of land
- Parking for over 100 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,556
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,120
$2.7M
Cap Rate 7%
$1,893,657
$1.9M
Cap Rate 9%
$1,472,844
$1.5M
Market Conditions
NOI Build-Up for 17,500 SF
Gross rent
$165.0K $9.43/SF
− Vacancy
−$9.1K −$0.52/SF
EGI
$155.9K $8.91/SF
− OpEx
−$23.4K −$1.34/SF
NOI
$132.6K $7.57/SF
Area
Chicago, IL
Vacancy
5.50%
Lease Rate
$9.43 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,120
Cap Rate 7%
$1,893,657
Cap Rate 9%
$1,472,844
Alternative Uses
Best Use
Warehouse
$1.89M
$1.66M – $2.21M
NOI $132,556 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$1.57M
$1.37M – $1.83M
NOI $109,742 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$8.25M
$7.22M – $9.63M
NOI $577,584 @ 7.0% cap · market cap 26.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 60803, IL
22,189
Population
9,563
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
2,845
Density / Sq Mi
$66,555
Median Household Income
$42,245
Median Earnings
$1,113
Median Rent
$200,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Truck terminal - Two-building industrial property with truck parking, substantial land area, and connections to several regional interstates.
Where is this truck terminal located?
The property is located at 11633 S Mayfield Ave Alsip, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Two buildings totaling 17,500 SF; More than 110,000 SF of land; Parking for over 100 cars
