Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12401-12427 S Kedvale Ave Alsip, IL 60803

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    45,000 SF building with docks and drive-in doors.

    We can help!

    Listing Contact
    Joe Bronson
    Source: Naiglobal

    Listing Agent: Joe Bronson

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

    Learn more

    Overview

    Industrial Building Near I-294

    The property at 12401-12427 S Kedvale Ave is a 45,000 SF building featuring 3 drive-in doors, 4 exterior docks, and a 16’ clear height. The building divides naturally into smaller units and includes 55 parking spots. It is located in close proximity to I-294 and Chicago Midway International Airport. This property is intended for use as a warehouse or other commercial real estate purposes.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Public Storage, Reliant Self Storage Facility, Self-Storage at U-Haul, Accessible Self Storage Unit Alsip

    Location Insight

    • Map
    • Local Demand
    City
    Alsip
    County
    Cook
    State
    Illinois
    Longitude
    -87.7231022
    Latitude
    41.6673193

    Nearby Similar for Sale

    • New
      $859,000
      0.24 Acres

      Alsip Commercial Opportunity on Pulaski

      Turn-key auto repair shop with redevelopment potential in Alsip, IL.
      11849 S Pulaski Rd, Alsip, IL 60803
      View Details
    • New
      $859,000
      0.24 Acres

      Alsip Commercial Opportunity on Pulaski

      Turn-key auto repair shop with redevelopment potential in Alsip, IL.
      11849 S Pulaski Rd, Alsip, IL 60803
      View Details
    • $11,750,000
      37,000 SF

      High Velocity Warehouse with Parking

      New construction warehouse with heavy trailer parking and repair bays.
      3600 W 127Th St, Alsip, IL 60803
      View Details
    • Contact for pricing

      Class A Truck Facility For Sale

      7,200 SF truck maintenance facility with 50 truck stalls.
      11540 South Central Ave, Alsip, IL 60803
      View Details
    • Contact for pricing

      Freestanding Flex Space Available

      Flex space with office, dock, drive-in doors, and parking.
      12600 S Holiday Dr, Alsip, IL 60803
      View Details
    • $11,750,000

      High Velocity Warehouse with Parking

      New construction warehouse with trailer parking and maintenance bays.
      3600 W 127Th 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
    • $13,000,000
      37,000 SF

      High Velocity Warehouse For Sale

      New construction warehouse with trailer parking and repair bays.
      3600 W 127Th St, Alsip, IL 60803
      View Details
    • Contact for pricing
      25,600 SF

      Industrial Property in Alsip, Illinois

      25,600 SF industrial property available for sale.
      5700 W 120Th St, Alsip, IL 60803
      View Details
    • Contact for pricing
      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
      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
    • Contact for pricing
      3,000 SF

      Alsip Auto Shop Investment Opportunity

      Prime Auto Repair Shop, High Traffic Area
      12257 Cicero Ave, Alsip, IL 60803
      View Details

    FAQs

    What type of property is this?
    Warehouse - 45,000 SF building with docks and drive-in doors.
    Where is this warehouse located?
    The property is located at 12401-12427 S Kedvale Ave Alsip, IL.
    What are key features of this property?
    This property features: - Close proximity to I-294 and Chicago Midway International Airport; - Hard-to-find size (45,000 SF) building in the market; - Divides naturally into smaller units
    (708) 308-1155
    Request Owner's contact information
    12401-12427 S Kedvale Ave 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.
    12401-12427 S Kedvale Ave
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    12401-12427 S Kedvale Ave 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Bronson
    (708) 308-1155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!