Orland Park Commercial
15252 S Harlem Avenue Orland Park, IL 60462
15252 S Harlem Avenue, Orland Park, IL, 60462
$550,000
For Sale
$550,000
COMMERCIAL - Orland Park, IL
Property Size3,146 SF
Lot Size0.44 Acres
Price / SF$174.83
Days on Market77
Property Features for 15252 S Harlem Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- OFFIC
- Standard status
- Active
- APN
- 27132060050000
- Size
- 3,146 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 23713
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agency
Village Realty, Inc.
(708) 478-1212
Listed by
Steven Loerop · License #475128554
(708) 478-1212
Added: May 8 Updated: May 28 at 1:39AM Checked: Jul 23 at 5:06AM
MLS# 12615192
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This solid brick commercial property offers 3146 sq ft of space with a full basement. The interior features a private foyer entrance that leads into a spacious waiting room, a reception desk, and a common work area equipped with cubicles. There are six private offices, each with window views, along with a large conference room and an eat-in kitchen that includes cabinetry. The property also includes two handicap-accessible bathrooms. The interior is finished with oak doors and trim throughout. The full basement has a flexicore ceiling, offering storage space and the potential to double the workspace. The roof is approximately 15 years old. The property has approximately 25 parking spaces, including dedicated handicap spaces. Located on Harlem Avenue in Orland Park, near other businesses, local shopping, and dining, this property offers high visibility and accessibility.
Key Highlights
- High visibility location on Harlem Ave near businesses, shopping, and dining.
- Spacious 3146 sq ft commercial property with a full basement offering potential to double workspace.
- Ample parking with approximately 25 spaces, including handicap spaces.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.0k | $24.48 |
| − Vacancy | −$19.2k | −$6.10 |
| EGI | $57.8k | $18.38 |
| − OpEx | −$14.5k | −$4.60 |
| NOI | $43.4k | $13.79 |
3,146 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$619.7K
$542.2K – $723.0K
NOI $43,378 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
De Bruyn Taylor ...
Law Firm
Taylor Stephen W
Law Firm
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FAQs
What type of property is this?
Office building - 3146 sq ft commercial property with full basement.
Where is this office building located?
The property is located at 15252 S Harlem Avenue Orland Park, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High visibility location on Harlem Ave near businesses, shopping, and dining.; Spacious 3146 sq ft commercial property with a full basement offering potential to double workspace.; Ample parking with approximately 25 spaces, including handicap spaces.
