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5153 W 111th St
Alsip, IL 60803 Alsip

$3,039,000 USD

Office For Sale  •  8,000 SF

Property Details

• Property Type Office
• Total Building Size 8,000 SF
• Lot Size 0.93 AC
• Building Class C
• Year Built 1989
• Cap Rate 8.00 %
• Tenancy Multiple
• Zoning B1

30 Transit Score

40 Walk Score

Highlights

Extremely Passive Investment – This long-term single tenant healthcare investment features a landlord friendly lease structure with minimal landlord r

Extensive 2024 Renovations – The property underwent significant upgrades in 2024, including all new HVAC systems, a fully inspected and warrantied roo

E-Commerce Resistant Tenant – Healthcare operators aren’t prone to the same competition that many retail tenants face. Healthcare properties are highl

Sticky Tenancy – Autism Therapy practices rarely relocate due to difficulty retaining the same patients in a new location, and the high cost of moving

Annual Rental Increases – The site features a 3.00% rental increase in the base term that serve as inflation protection through the growth of cash flo

Cap Rate:

8.00 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Chicago Ridge (Southwest Service - Metra)	5 min	-	2.6 mi
Oak Lawn Patriot (Southwest Service - Metra)	6 min	-	3.4 mi
Airport	Drive	Walk	Distance
Chicago Midway International	14 min	-	8.3 mi
Chicago O'Hare International	44 min	-	31.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	47
Type:	Surface
Included in Rent:	Yes