Industrial Warehouse with Contractor
4190 W 123rd St Alsip, IL
For Sale
Contact for pricing
7,190 SF warehouse with heavy-duty parking and secured fencing.
Property Size7,190 SF
Lot Size0.71 Acres
Price / SF$110.57
Days on Market1040
Property Features for 4190 W 123rd St
General Information
- Standard status
- Active
- Size
- 7,190 SF
- Lot size
- 0.71 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Cawley Chicago
(773) 307-5401
Listed By:
David Conroy · License #IL 475157955
(773) 307-5401
Source:
Moodyscre
Added: Sep 21, 2023
Changed: Jul 6
Last Checked: Jul 26 at 3:56AM
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 Cawley Chicago
Investment Insights
Based on property information with market context.
An industrial warehouse totaling approximately 7,190 square feet is available for sale or lease. Situated on approximately 0.71 acres, the property includes a warehouse/shop area of approximately 6,290 square feet (74’x85’) and an office space of approximately 900 square feet. The warehouse features three drive-in doors, each measuring 14 feet in height and 12 feet in width, with a clear height of 16 feet. The property is suitable for a contractor yard, featuring a heavy-duty concrete parking lot and secured fencing. A special use permit is in place for fleet maintenance repairs. Located one mile from the I-294 interchange at 127th Street, the property is being sold as-is and is subject to improvements required by the village to meet code requirements.
Key Highlights
- Ideal contractor yard with heavy‑duty concrete parking lot and secure fencing.
- Excellent location: just 1 mile to I‑294 interchange.
- Special use permit for fleet maintenance repairs.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.8k | $9.43 |
| − Vacancy | −$3.7k | −$0.52 |
| EGI | $64.1k | $8.91 |
| − OpEx | −$9.6k | −$1.34 |
| NOI | $54.5k | $7.57 |
7,190 SF · lease $9.43/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$778.0K
$680.8K – $907.7K
NOI $54,462 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,305 @ 7.0% cap · market cap 29.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
O'Connor Contractors
Construction Company
Similar Off Market Nearby
- Public Storage — 12730 S Pulaski Rd, Alsip, IL 60803
- Reliant Self Storage Facility — 11949 S Harding Ave, Alsip, IL 60803
- Self-Storage at U-Haul — 11855 S Cicero Ave, Alsip, IL 60803
- Accessible Self Storage Unit Alsip — 3850 harding ave, alsip, il 60803
FAQs
What type of property is this?
Warehouse - 7,190 SF warehouse with heavy-duty parking and secured fencing.
Where is this warehouse located?
The property is located at 4190 W 123rd St Alsip, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Ideal contractor yard with heavy‑duty concrete parking lot and secure fencing.; Excellent location: just 1 mile to I‑294 interchange.; Special use permit for fleet maintenance repairs.
