Alsip, IL
Commercial Real Estate Market Trends & Data

$346 Avg asking sale price
$18 Avg asking lease rate
17,631 SF Avg unit lease size
33,888 SF Avg building size for sale
7.01% Average cap rate

Alsip's Demographic Profile

Alsip has 7,531 households and a median income of $59,647, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 18,816
# Households 7,531
Median age 41
Median household income $59,647
Avg household size 2.0
Renter-occupied housing units 2,704
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Alsip, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Alsip $178 9,896 SF 8.62%
Crestwood $143 16,948 SF 9.55%
Nearby Retail Markets Avg Cost/SF Typical Size
Alsip $441 4,542 SF
Crestwood $248 3,277 SF
Palos Heights $324 3,004 SF
Oak Lawn $348 5,067 SF
Worth $320 7,270 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Midlothian $213 4,575 SF 7.71%
Blue Island $93 94,958 SF 8.23%
Harvey $100 14,810 SF 8.51%
Bridgeview $216 3,430 SF 9.52%
Chicago Lawn $113 204,215 SF 9.30%

Commercial Properties For Sale in Alsip

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Mt Greenwood Auto

Alsip, IL 60803

  • 3,000 SF Retail Building
  • $749,000
For Sale

Meineke Car Care

Chicago Ridge, IL 60415

  • 2,242 SF Retail Building
  • 7.25% Cap Rate
  • $1,462,000
For Sale

Worth Car Care Center

Worth, IL 60482

  • 15,000 SF Retail Building
  • 6.57% Cap Rate
  • $2,666,666
For Sale

13801 S Kenton Ave

Crestwood, IL 60445

  • 5,000 SF Industrial Building
  • $2,450,000
For Sale

Take 5 Oil Change

Oak Lawn, IL 60453

  • 1,800 SF Retail Building
  • 6.00% Cap Rate
  • $2,500,000
For Sale

3500 W 127th St

Blue Island, IL 60406

  • 157,800 SF Industrial Building
  • $6,750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Alsip pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Alsip $346 33,888 SF
Crestwood $228 16,185 SF
Palos Heights $284 29,723 SF
Oak Lawn $264 16,198 SF
Worth $312 29,144 SF

Regional Demographic Comparison

This comparison places Alsip alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Alsip or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Alsip 18,816 7,531 41 $59,647 2 2,704 -2%
Crestwood 15,246 6,740 47 $65,742 2 1,715 5%
Palos Heights 12,070 4,764 52 $104,850 2 229 -2%
Oak Lawn 57,208 21,653 41 $72,202 3 4,546 -3%
Worth 10,916 4,328 40 $54,350 3 1,506 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Alsip, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Alsip

View All Commercial Real Estate For Sale in Alsip
Is Alsip a good market for a first-time commercial real estate investor?

Alsip offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Alsip?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Alsip. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Alsip?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Alsip. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Alsip compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Alsip. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Alsip acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Alsip, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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