Multi-Tenant Retail
For Sale
$1,650,000
503 W 153 Street, Phoenix, IL 60426
COMMERCIAL - Phoenix, IL
Lot Size0.53 Acres
Days on Market55
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
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Added: Jun 8
Last Checked: Aug 1 at 10:06AM
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 for-sale retail property is an eight-store plaza built in 2007 and maintained since. The center is currently fully leased with five tenant spaces in place, providing an established retail storefront configuration for an investor or owner-operator. The site includes parking and is described as having high visibility and street presence. Zoning is listed as COMMR. The land is described as approximately 23,000 and 9,000 square feet.
The property is located at 503 W 153rd Street in Phoenix, Illinois, situated on the corner of 153rd St. and Halsted St. The public remarks describe it as being in a commercial corridor and blocks from the intersection area involving Vincennes Rd. and IL-1, as well as minutes from the major intersection of Halsted St. and 159th St./Rte. 6. The remarks also note consistent daily traffic driven by retail and professional activity, along with proximity to Interstate 57 and Chicago Midway Airport.
For buyers, this offering can support either investment ownership based on current leasing, or owner use where an operator wants to be positioned within an existing multi-tenant retail plaza. With parking and storefront visibility already in place, the space is suited for tenants seeking an established retail presence along a corner commercial location.
The property is located at 503 W 153rd Street in Phoenix, Illinois, situated on the corner of 153rd St. and Halsted St. The public remarks describe it as being in a commercial corridor and blocks from the intersection area involving Vincennes Rd. and IL-1, as well as minutes from the major intersection of Halsted St. and 159th St./Rte. 6. The remarks also note consistent daily traffic driven by retail and professional activity, along with proximity to Interstate 57 and Chicago Midway Airport.
For buyers, this offering can support either investment ownership based on current leasing, or owner use where an operator wants to be positioned within an existing multi-tenant retail plaza. With parking and storefront visibility already in place, the space is suited for tenants seeking an established retail presence along a corner commercial location.
Key Highlights
- 8‑store commercial plaza with 5 tenants on a commercial corridor at the corner of 153rd St. and Halsted St.
- Fully leased with 5 tenants providing stable, diversified income.
- Brick construction; built in 2007 and reportedly well‑maintained thereafter.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained 2007-built retail plaza with multiple leased storefronts and parking in a busy commercial corridor.
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: 8‑store commercial plaza with 5 tenants on a commercial corridor at the corner of 153rd St. and Halsted St.; Fully leased with 5 tenants providing stable, diversified income.; Brick construction; built in 2007 and reportedly well‑maintained thereafter.
