Medical Office
5153 W 111th St, Alsip, IL 60803
For Sale
New
$2,999,000
The property is in Alsip, a Cook County suburb within the Chicago metropolitan area.
Property Size8,000 SF
Price / SF$374.88
Days on Market4
Property Features for 5153 W 111th St
General Information
Standard status
Size
Property subtype
Lease Type
Amenities
5 Years Remaining on Triple-Net (NNN) Lease with Corporate Guaranty
Recently Renovated in 2024 - New HVAC Systems, Inspected and Warrantied Roof, Fresh Exterior Paint, and Over $1 Million in Interior Tenant Improvements
3% Annual Rental Increases with Multiple Renewal Options
Growing National Tenant - Action Behavior Centers Operates More Than 400 Locations
Private Equity Firm CharlesBank Acquired Action Behavior Centers in 2022 (Valued at $840M at the Time of Sale, and Continuing to Grow)
Dense Chicago MSA Trade Area with ±352,586 Residents within 5-Miles
Average Household Income Exceeds $113,000 within the Immediate Area
Excellent Frontage Along West 111th Street with Exposure to ±30,500 Cars per Day
Building Details
Building Size
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Chris Lind · License #License(s): AZ: SA627823000, NC: LC1060
(602) 687-6780
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 6 at 5:06AM
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 Marcus & Millichap - Phoenix
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property encompasses 8,000 square feet at 5153 W 111th St in Alsip, Illinois. The address places the space in Cook County, within the Chicago metropolitan area.
Key Highlights
- 8,000‑square‑foot medical office property
- Located at 5153 W 111th St in Alsip, Illinois
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,648
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,432,960
$3.4M
Cap Rate 7%
$2,452,114
$2.5M
Cap Rate 9%
$1,907,200
$1.9M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$307.2K $38.40/SF
− Vacancy
−$78.3K −$9.79/SF
EGI
$228.9K $28.61/SF
− OpEx
−$57.2K −$7.15/SF
NOI
$171.6K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,432,960
Cap Rate 7%
$2,452,114
Cap Rate 9%
$1,907,200
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,648 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.77M
NOI $105,984 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,038 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60803, IL
22,189
Population
9,563
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
2,845
Density / Sq Mi
$66,555
Median Household Income
$42,245
Median Earnings
$1,113
Median Rent
$200,600
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Cook County, IL
Properties on Market for Medical Office Space in Cook County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Chicago Ridge Animal Clinic — 5660 W 111th St, Chicago Ridge, IL 60415
- Suburban Animal Hospital — 10929 S Cicero Ave, Oak Lawn, IL 60453
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property is in Alsip, a Cook County suburb within the Chicago metropolitan area.
Where is this medical office space located?
The property is located at 5153 W 111th St Alsip, IL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 8,000‑square‑foot medical office property; Located at 5153 W 111th St in Alsip, Illinois
