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    7201-7239 Olde Salem Cir Hanover Park, IL 60133

    For Lease
    $16 SF/Yr

    Commercial Lease - Hanover Park, IL

    Days on Market:
    16
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 7201-7239 Olde Salem Cir

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Architectural style
    Other

    Leading Edge Realty Advisors, Inc. (847) 361-3420 [email protected]

    Listing agent Christopher Demas (847) 868-5745 License #471019127

    Listing date Nov 20, 2025

    MLS# 12465511 Listing URL

    Copyright © 2025 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.

    Overview

    Hanover Park Commercial Flex Space

    Multiple flex spaces are available for lease in Hanover Park, Illinois. One available unit, 7239, offers 1,050 square feet of space. The listed lease rate is $16 per square foot.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Cook
    State
    Illinois
    Longitude
    -88.1275005
    Latitude
    42.0037748

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    FAQs

    What type of property is this?
    Flex space - Flex space available for lease in Hanover Park, Illinois.
    Where is this flex space located?
    The property is located at 7201-7239 Olde Salem Cir Hanover Park, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Multiple spaces available; - Located in Hanover Park; - Priced at $16 PSF
    (847) 868-5745
    Request Owner's contact information
    7201-7239 Olde Salem Cir Hanover Park, IL 60133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7201-7239 Olde Salem Cir Hanover Park, IL 60133
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