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Eight-Unit Retail Plaza
For Sale
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503 W 153 Street, Phoenix, IL 60426

Well-maintained plaza built in 2007, fully leased by five tenants with parking and strong street presence.

Property SizeContact for details
Days on Market64

Property Features for 503 W 153 Street

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 2007
Listing Agency: CENTURY 21 Circle
Listed By: Mark Ahmad · License #IL 471007186
Source: Crexi
Added: Jun 9 Changed: Aug 8 Last Checked: Aug 10 at 11:47AM

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 CENTURY 21 Circle

Investment Insights

Based on property information with market context.

This eight-unit retail plaza was built in 2007 and has been well-maintained. The property includes multiple storefront spaces and is currently fully leased with five tenants, offering a diversified tenant mix within the same retail center. On-site parking and street presence support day-to-day customer access and visibility from the commercial corridor.

The plaza is located at the corner of 153rd St. and Halsted St. in Phoenix, Illinois, within a broader commercial corridor. The property is described as being blocks from the intersection of Vincennes Rd. (IL-1) at Halsted St., and minutes from the major intersection of Halsted St. and 159th St./Rte. 6. The offering notes consistent daily traffic generated by both retail and professional activities in the area.

For buyers and owner-users, the center provides an operational retail asset with existing tenancy in place. The configuration supports continued retail or service-oriented occupancy, while the presence of parking and high visibility helps sustain customer-facing relevance. The site is listed for sale as an opportunity for investors and/or owner use.

Key Highlights

  • 8‑store commercial plaza built in 2007 in a retail/professional corridor
  • Fully leased with 5 tenants providing stable, diversified income
  • Land area approximately 23,000 Sq. Ft. & 9,000 Sq. Ft.

Property Analytics

Current Use

Profiles II Baber ... Barber Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Building Supply Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

411
Businesses Nearby

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Well-maintained plaza built in 2007, fully leased by five tenants with parking and strong street presence.
Where is this strip mall 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 built in 2007 in a retail/professional corridor; Fully leased with 5 tenants providing stable, diversified income; Land area approximately 23,000 Sq. Ft. & 9,000 Sq. Ft.
(773) 983-1553 Call to check price and availability
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