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    4135 123Rd St Alsip, IL 60803

    Sponsored
    For Sale
    $620,000

    5,320 SF Warehouse, $620K, Updated 2024

    Property size:
    5,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,320-square-foot warehouse, located at 4135 W 123rd St in Alsip, Illinois, presents a compelling investment opportunity. Built in 1969 and extensively renovated in 2024, this property boasts a modern interior while retaining the structural integrity of its design. The building features a generous 16-foot ceiling height, providing ample vertical space for storage and operations. The warehouse is situated on a sizable 14,000-square-foot lot and offers 18 parking spaces for employees and visitors. The property is zoned Industrial I2, allowing for a wide range of industrial uses. The asking price is $620,000, translating to a price per square foot of $105.88. This two-story building offers a total net rentable area of 5,320 square feet, making it ideal for businesses requiring substantial storage and workspace. The property's Cook County location and convenient access to major transportation routes provide excellent logistical advantages. The 2024 renovation ensures the property is equipped with modern amenities and systems, minimizing the need for immediate capital expenditures. This is a rare opportunity to acquire a well-maintained, updated industrial warehouse in a desirable location. The APN is 24274010060000 and the zip code is 60803.

    Property Features for 4135 123Rd St

    General Information

    Property type
    Distribution properties
    Square Feet
    5,320 SF

    Building Details

    Year Built/Renovated
    1969/2024
    Stories
    2

    HighLights

    • $620,000 asking price for this industrial warehouse.
    • 5,320 square foot warehouse on a 14,000 square foot lot in Alsip, IL.
    • $105.88 per square foot.
    • 1969 construction, renovated in 2024.
    • Two‑story building with 16‑foot ceilings.
    • Industrial I2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rising Graphics Inc Commercial Printer H & P Memorial ... Funeral Home

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alsip
    County
    Cook
    State
    Illinois
    Longitude
    -87.7226098
    Latitude
    41.6690447

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    FAQs

    What type of property is this?
    Distribution property - 5,320 SF Warehouse, $620K, Updated 2024
    Where is this distribution property located?
    The property is located at 4135 123Rd St Alsip, IL.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: $620,000 asking price for this industrial warehouse.; 5,320 square foot warehouse on a 14,000 square foot lot in Alsip, IL.; $105.88 per square foot.
    Request Owner's contact information
    4135 123Rd St Alsip, IL 60803
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    Realmo Value Estimation

    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.

    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.

    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
    4135 123Rd St Alsip, IL 60803
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