Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5800 West 116Th St Alsip, IL 60803

    For Sale
    Contact for pricing

    2.55 acres of industrial land, convenient airport access.

    Property size:
    2 SF
    Lot size:
    2.55 Acres

    Property Features for 5800 West 116Th St

    General Information

    Size
    2 SF
    Lot size
    2.55 Acres

    Source: Larry Much, SIOR Agent Larry Much, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Land For Sale

    This 2.55-acre property is a prime development site zoned for industrial use. A 42,000 square foot building is proposed for the location. The site is eligible for 6B tax incentives. It is located near the intersection of Mayfield Avenue and West 116th Street, approximately 3.5 miles from I-294, offering convenient access to Midway International Airport.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alsip
    County
    Cook
    State
    Illinois
    Longitude
    -87.7484423
    Latitude
    41.6819473

    Nearby Similar for Sale

    • $668,550
      Pending

      Updated Multifamily Property in Alsip

      Fully leased six-unit property with strong rental demand.
      5544 W Cal Sag Rd, Alsip, IL 60803
      View Details
    • $35,000
      1,300 SF

      Established Spa Business Opportunity

      Turnkey spa business for sale in Alsip, Illinois.
      4041 W 115Th St, Alsip, IL 60803
      View Details
    • New
      $149,999
      918 SF

      Alsip Commercial Space For Sale

      Prime commercial space suitable for office or retail operations.
      11638 S Pulaski Rd, Alsip, IL 60803
      View Details
    • $795,000
      7,190 SF

      Industrial Warehouse with Contractor Yard

      7,190 SF warehouse with heavy-duty parking and secured fencing.
      4190 W 123Rd St, Alsip, IL 60803
      View Details
    • Contact for pricing
      45,000 SF

      45,000 SF Industrial Building For Sale

      Industrial building with docks and drive-in doors near I-294.
      12401-12427 S Kedvale Ave, Alsip, IL 60803
      View Details
    • Contact for pricing
      387,514 SF

      Alsip Industrial Facility with Rail

      387,514 SF industrial facility with active rail and cranes.
      5750 W 118Th St, Alsip, IL 60803
      View Details

    FAQs

    What type of property is this?
    Land - 2.55 acres of industrial land, convenient airport access.
    Where is this land located?
    The property is located at 5800 West 116Th St Alsip, IL.
    What are key features of this property?
    This property features: - Prime development site with 2.55 acres available.; - Zoned for industrial use.; - 42,000 SF Proposed Building.
    (847) 337-6000
    Request Owner's contact information
    5800 West 116Th St Alsip, IL 60803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5800 West 116Th St
    Alsip, IL 60803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5800 West 116Th St Alsip, IL 60803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.