Medical Office with Apartment
337 W Maple Street New Lenox, IL 60451
For Sale
Under Contract
$350,000
COMMERCIAL - New Lenox, IL
Property Size2,500 SF
Lot Size0.11 Acres
Price / SF$140
Days on Market159
Property Features for 337 W Maple Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Standard status
Active Under Contract
APN
1508164070100000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6411
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Floors in Building
2
Building materials
Concrete
Listing Agency:
Real People Realty
(815) 469-7449
Listed By:
Allen Walsh
(708) 634-0104
Added: Feb 21
Changed: Jul 22
Last Checked: Jul 30 at 10:06AM
MLS# 12574587
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 property includes a professionally set up medical office with a waiting room and intercom connecting to additional rooms. The layout currently supports veterinarian services, with two exam rooms, an X-ray work area, a manager’s office, and extra treatment/support rooms. Exam tables and the available equipment are reported to be in place and in good condition. Approximately 2,500 square feet are available on the main floor, along with a one-bedroom apartment above.
Located at 337 W Maple Street in downtown New Lenox on the main street, the building is described as having strong visibility. The property sits on a 0.112-acre lot and is zoned COMMR.
For tenants or buyers looking for an office configuration that can function as a doctors office or other similar medical use, the current rooming and treatment setup provides a ready-to-operate foundation. The apartment above is currently rented on a month-to-month basis for $1,350 per month, which may support flexible occupancy or income planning for an owner-operator.
Located at 337 W Maple Street in downtown New Lenox on the main street, the building is described as having strong visibility. The property sits on a 0.112-acre lot and is zoned COMMR.
For tenants or buyers looking for an office configuration that can function as a doctors office or other similar medical use, the current rooming and treatment setup provides a ready-to-operate foundation. The apartment above is currently rented on a month-to-month basis for $1,350 per month, which may support flexible occupancy or income planning for an owner-operator.
Key Highlights
- Excellent location on the main street in downtown New Lenox with great visibility.
- Professionally set up for veterinarian services, including exam rooms and X‑ray area.
- Existing equipment (exam tables) is available and in good condition.
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 | $56.4k | $22.56 |
| − Vacancy | −$16.4k | −$6.54 |
| EGI | $40.0k | $16.02 |
| − OpEx | −$10.0k | −$4.00 |
| NOI | $30.0k | $12.01 |
2,500 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Mixed Use
$542.4K
$474.6K – $632.8K
NOI $37,969 @ 7.0% cap · market cap 10.85%
Second Best
Healthcare Medical
$483.8K
$423.3K – $564.4K
NOI $33,863 @ 7.0% cap · market cap 9.68%
Theoretical Best
Office A
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Carey Animal Clinic — 205 Church St, New Lenox, IL 60451
- Goodpasture Lisa DVM — 205 Church St, New Lenox, IL 60451
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professionally built medical office with waiting area and exam rooms, plus a rentable one-bedroom apartment above.
Where is this medical office space located?
The property is located at 337 W Maple Street New Lenox, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Excellent location on the main street in downtown New Lenox with great visibility.; Professionally set up for veterinarian services, including exam rooms and X‑ray area.; Existing equipment (exam tables) is available and in good condition.
