Concentric Realty has been retained to offer for sale this 24,760 square-foot multi-tenant shopping center, Alsip Plaza, located at 12003-12039 S Pulaski Rd, Alsip, IL. The property is currently leased to a diverse mix of national and local retailers. Most tenants are currently signed modified lease with 3-5% annual rent increase. The property features great visibility from S Pulaski Dr., right next to Jewel-Osco and Chase Bank, along with ALDI/Burger King/McD/Food4Less and more. With 10 stable tenants, Alsip Plaza is currently at 91% occupancy. This shopping center is generating attractive income with consistent annual NOI growth over last 5 years, offering an attractive investment opportunity in a thriving retail corridor.
MLS# | 12162059 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | Resale |
Status | Active |
Year | 1975 |
Days On Site | 132 |
Listing Provided By | Concentric Realty, Inc | Simon Liang |
SQ Feet | 24,760 |
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Story(s) | 1 |
Units | 11 |
Zoning | COMMR |
Acreage | 2.11 |
State | IL |
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County | Cook |
City | Alsip |
Zip Code | 60803 |
Area | Alsip | Garden Homes |
Listing VS Median (in 60803) | |
Price: $2,600,000 low | high Med: $279,900 SqFt: 24,760 low | high Med: 1,053 $ / SqFt: $105 low | high Med: $266 On Site: 132 low | high Med: 100.500000 |