4139 123Rd StAlsip, IL 60803

Property Details for 4139 123Rd St

Year built

1965

Lot size

0.23 AC

Property type

Retail properties

Property subtype

Retail space

APN

24-27-401-005

APU

2427401005

Description

This exceptional 3,200 square foot single-tenant building in Alsip, Illinois, presents a rare opportunity for owner-occupancy or investment. Situated on a 0.23-acre lot at 4139 W 123rd Street, this stand-alone structure offers a versatile blend of office and warehouse space, ideal for a variety of businesses. The building boasts approximately 2,000 square feet of well-appointed office space, featuring six private offices and a large open area, perfect for collaborative work or additional workstations. Complementing the office area is approximately 1,000 square feet of warehouse space, providing ample room for storage or light manufacturing. Eleven convenient parking spaces are available on-site for employees and clients. The building is in excellent condition, with a roof approximately 10 years old, eliminating immediate roof replacement concerns. There are no condo assessments associated with this property, offering cost predictability. The property's zoning allows for use as an auto mechanics shop, expanding potential business applications. While a backup generator is not currently included, its inclusion is negotiable, providing an opportunity to enhance the property's functionality. This is a truly unique opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The asking price is $429,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,675,030

  6.5%

  $4,315,412

  7%

  $4,007,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,248,164

  Geo Method

  $3,248,164

• Alternative Use

  Use

  Valuation

  Residential

  $3,640,212

  Hospitality

  $3,334,414

  Educational

  $2,774,194

  Medical

  $2,869,602

  Retail

  $4,315,412

Location Insight

City

Alsip

County

Cook

State

Illinois

Latitude

41.6691

Longitude

-87.7229

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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